I was helping my son do his taxes the other day. He's 20, full-time student, lives at home, and I claim him as my dependent.
He earned $12,482.64 in Maryland and paid $834.15 in state income taxes. For some reason TurboTax calculates that he only has $70 State Income Tax Refund. When I check Maryland's tax rate, it seems much smaller refund than he should be getting.
Interestingly, I modified his W2's Box 1 income to $12,199 and his State Income Tax Refund goes to $834 (the amount he paid in). If I then change Box 1 to $12,200 it goes $77.00 refund... Is it possible $1 makes such a huge difference in taxes owed by someone? It seems like it has got to be wrong, so I haven't filed it yet.
Is it possible $1 could make such a difference for a his income?
