topic I've been filing my taxes with TurboTax for 7 years with no issue. Last year was the first year I didn't get anything + I owed! This year, my return is super low. Why? in Get your taxes done using TurboTax

I've been filing my taxes with TurboTax for 7 years with no issue. Last year was the first year I didn't get anything + I owed! This year, my return is super low. Why?

abi-morris96 — Mon, 23 Feb 2026 09:43:09 GMT

I even paid for the deluxe edition because "it will increase my return." But my refund went from $1040 all the way to $271!

Re: I've been filing my taxes with TurboTax for 7 years with no issue. Last year was the first year I didn't get anything + I owed! This year, my return is super low. Why?

Hal_Al — Mon, 30 Jan 2023 20:00:20 GMT

See this TurboTax support article.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refund-go-compared-last-year/L97JmhUbi_US_en_US?uid=ldj8dfie

There are too many variables such as the type of income, your filing status, credits, withholding etc., to answer your question.

I suggest you lay last year's return next to this year's and do a line by line comparison to see what's changed. Otherwise you haven't provided enough info for anyone to answer your question.

Re: I've been filing my taxes with TurboTax for 7 years with no issue. Last year was the first ye...

PattiF — Mon, 30 Jan 2023 20:07:33 GMT

There are several reasons why your refund may have decreased. These include the fact that there are no more stimulus payments, and the additional child tax credit is no longer available.

Please see this TurboTax Help article for more information about why your refund is smaller.