ThomasM125
Expert Alumni

Retirement tax questions

Contributions to a retirement system should not increase your tax liability.

 

The decrease in your refund may not have anything to do with the retirement contributions. It could be that her tax withheld as reported in box 2 on her W-2 form is less then the tax on her income. I suggest you compare your Form 1040 in 2024 line by line with your Form 1040 in 2023 and see where there are differences. That will help you narrow down what is causing your refund to decrease.

 

 To view your form 1040 and schedule 1 to 3:

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online
  2. Choose Tools
  3. Choose View Tax Summary
  4. See the Preview my 1040 option in the left menu bar and click on it
  5. Choose the Back option in the left menu bar when you are done 

 

 

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