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Get your taxes done using TurboTax
@ GENO4208 wrote:I have a very simple return. Social Security income plus a pension plan on a W2 which is taxed for $783. Last we received a refund of $2215. My calculations on the 2021 return are only $59. Has the 2021 tax code been adjusted that much.
ADDENDUM 3/01/2022 at 3:17 PM Pacific
Also see VolvoGirl's comment below, where she said that typical pension income normally comes on a 1099-R, not a W-2. Did you enter a 1099-R in the wrong place? Please clarify which type of form you received.
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Print out the 2020 and 2021 returns and compare the 2 returns line by line. When you notice something different on a particular line, then focus in on that topic to see if you can find out what is causing the discrepancy. Sometimes a user may have entered a typo, reversed some digits, inserted a comma in the wrong place, omitted a decimal point, etc. Stimulus payments (Economic Impact Payments) may also be a factor to consider when comparing 2020 and 2021 returns.