DMarkM1
Expert Alumni

Get your taxes done using TurboTax

The best way to see how your tax refund was calculated is to look at the forms.  Notice your taxable income on line 15 and the tax for that on line 17.  Then any credits you were eligible for, followed by the withholding from your paychecks throughout the year on line 25. 

 

Here is how to see the forms in TurboTax online if you have not filed yet.

  1. Click "Tax Tools" in the left hand menu
  2. Click "Tools"
  3. Click "View Tax Summary"
  4. Click "Preview My 1040" in the left hand menu

 

What you have some control over is the withholding amounts.  If you want a bigger refund at the year end, then you need to file a new form W4 with your employer to withhold more.  That means smaller paychecks during the year. 

 

If smaller refunds or even paying a little at year end is ok, then you will have bigger paychecks throughout the year.

 

Here is a calculator to help you set your W4 withholdings at a level that is best for you considering paycheck size and year end refund size.  

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