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Many changes this year...what can I expect?
This year has been crazy for me.
The business I worked for was purchased by a new owner and things switched over to him roughly the end of November...so we all began getting paid through a new company and received a separate W2 aside from the old company W2.
I also purchased my first home in July.
I have only ever filed my own taxes using TurboTax and things have been fine.
This year, I went to file both my W2s and my return was significantly less than what it has been the other years I have been working (at many different jobs).
When I inputted the second W2 (from the new owner) It dropped my estimated return to just $1.00.
I am waiting on receiving other paperwork for the Mortgage that I have to complete the TurboTax filing myself...but I am just extremely confused as to why my estimate is apparently only $1.00.
I purchased a house this year and was looking forward to a normal return for me which is usually around $1,000.00.
Any explanation anyone can offer? I plan on filing this year with someone at an office because I don't want to screw anything up.
I did NOT receive any child tax payments- no children here.