Why is turbotax not giving me my full refund?? w2 sheet shows my withheld amount 6,433.96 every year I received exactly whats withheld. but now turbotax is taking from me

[xskode]

51,496.10 - income
6,433.96 - withheld

I never missed one day of work.

[JulieS]

Most people do not receive a refund of all the tax that was withheld. 

For example, a single person with $51,496.10 - income and  $6,433.96 - withheld would get back $3358. 

You only get back all of your federal tax withheld when your income is less than the standard deduction and your credits.

[xskode]

so I looked up my tax bracket and all. You're correct- however, turbo tax is still doing something shady. because I am only receiving 1,962 instead. that is alot of money turbo tax is taking from me. I'll show a picture below

I really need to know what's going on here. because both our math is not adding up to what turbo tax is saying.

[xskode]

or is there something i'm missing?

[RaifH · Accepted solution]

Without seeing your entire tax return, it is hard to know exactly what is going on. However, based on this W-2 your total income of $51,496 minus the standard deduction for a single person of $12,550 leaves you with a taxable income of $38,946. According to page 7 of the tax tables, the tax on that is $4,472.

You had $6,434 withheld and owed $4,472. That results in a refund of $1,962.

[xskode]

okay, thanks for both of you providing more information on this matter. I'm understanding it a lot more, and that link to the tax info helped as well.

at first I was getting worried about a few things, now I see that I was not well educated on how this (tax return) actually works. 

I'll file with turbo tax- cause personally I like them, so I'm happy to see they are not taking anything from me.