Without the ability to look atyour returns and tax information, I cannot really say why this year's taxreturn is different from prior tax returns. However, I can provide someguidance on how to compare prior years: Print copies of both returns Compare the following lines: Line 37 Adjusted Gross Income - This will provide a comparison of income for the two years. Line 40 Itemized Deductions - If the figures are widely different, there may be possible deductions that you are missing on this years return. Line 44 and 45 Tax and Alternative Minimum Tax - If there is AMT on one year versus the other, you will want to see if you can figure out why. Lines 48-54 Credits - If there is a credit missing from last year, make sure the credit is not being missed inadvertently. Line 57-62 Other Taxes - This is usually blank unless you are self-employed, have a early retirement withdrawal, or you owe healthcare taxes. Lines 64-73 Payments and Refundable Tax Credits - Make sure there are no significant differences, if there are try to figure out why.

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Daisy11_2

Level 1

Solved

My refund is much less than last year, my income is almost the same. Wha did I do wrong?

Forum|Forum|7 years ago
June 3, 2019
2 replies
18 views

No text available

TurboTax Deluxe iPad

Best answer by

Without the ability to look at your returns and tax information, I cannot really say why this year's tax return is different from prior tax returns. However, I can provide some guidance on how to compare prior years:

Print copies of both returns
Compare the following lines:

Line 37 Adjusted Gross Income - This will provide a comparison of income for the two years.
Line 40 Itemized Deductions - If the figures are widely different, there may be possible deductions that you are missing on this years return.
Line 44 and 45 Tax and Alternative Minimum Tax - If there is AMT on one year versus the other, you will want to see if you can figure out why.
Lines 48-54 Credits - If there is a credit missing from last year, make sure the credit is not being missed inadvertently.
Line 57-62 Other Taxes - This is usually blank unless you are self-employed, have a early retirement withdrawal, or you owe healthcare taxes.
Lines 64-73 Payments and Refundable Tax Credits - Make sure there are no significant differences, if there are try to figure out why.

Anonymous

Answer

Print copies of both returns
Compare the following lines:

Line 37 Adjusted Gross Income - This will provide a comparison of income for the two years.
Line 40 Itemized Deductions - If the figures are widely different, there may be possible deductions that you are missing on this years return.
Line 44 and 45 Tax and Alternative Minimum Tax - If there is AMT on one year versus the other, you will want to see if you can figure out why.
Lines 48-54 Credits - If there is a credit missing from last year, make sure the credit is not being missed inadvertently.
Line 57-62 Other Taxes - This is usually blank unless you are self-employed, have a early retirement withdrawal, or you owe healthcare taxes.
Lines 64-73 Payments and Refundable Tax Credits - Make sure there are no significant differences, if there are try to figure out why.

myfairmishl

Level 2

Families lost their exemption deductions but child credit and itemized deductions went up to balance it out, it didn't help my family of 6 but I hope it helps you!