Even the smallest changes can have an effect on a tax return. There are several factors that go in to determining the taxes an
individual owes.
Your income could have increased which might have:
- Put you in a higher tax
bracket,
- It could have reduced or
eliminated some deductions or credits
- The tax laws changing year to
year will determine the amount of taxes that need to be paid as
well.
If your income decreased that sometimes can reduce your refund
due to you not having enough earned income to receive the deductions or credits
you did before.
To see what
had changed between last year and this year, please print off your 2015 and
2016 return and compare them. This will help you determine what has
changed.
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