Solved: Not sure why it went down from 800 dlls to 400 dlls for federal refund when I entered my last W-2 Form
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cristina-covar
New Member

Not sure why it went down from 800 dlls to 400 dlls for federal refund when I entered my last W-2 Form

 
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WillK
Level 9

Not sure why it went down from 800 dlls to 400 dlls for federal refund when I entered my last W-2 Form

Generally the more income you make the more in taxes you are required to pay. As you enter more income in the program it might have:

  • Put you in a higher tax bracket, 
  • It could have reduced or eliminated some deductions or credits
  • The tax laws changing year to year will determine the amount of taxes that need to be paid as well. 
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
WillK
Level 9

Not sure why it went down from 800 dlls to 400 dlls for federal refund when I entered my last W-2 Form

Generally the more income you make the more in taxes you are required to pay. As you enter more income in the program it might have:

  • Put you in a higher tax bracket, 
  • It could have reduced or eliminated some deductions or credits
  • The tax laws changing year to year will determine the amount of taxes that need to be paid as well. 
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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