It depends. There are a lot of factors that could effect your tax refund or amount due from year to year.
Some of these reasons 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
To really understand the exact differences, you would have to do a line by line comparison of your returns.
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