It depends. There are a lot of factors that could effect your tax refund. Typically, you do not get back everything that you pay in taxes.
Some of these reasons your refund would change from year to year are:
- Less income tax was taken out of your earnings
- You were in a higher tax bracket due to earning more money
- You child turned 17 and no longer eligible for the Child Tax Credit and are now receiving the Credit for Other Dependents
- You no longer qualified for the Earned Income Credit
- You paid off your student loan and cannot deduct any student loan interest
- You are no longer eligible for education credits
- You took on an additional job
- You sold investments
- You had a distribution from a 401k that was not related to Covid-19
- You had a change in filing status
- You got unemployment and not enough taxes were taken out
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