Anyone else getting a significantly less amount of a return?

kimberlyf713 — Mon, 23 Feb 2026 12:25:22 GMT

Re: Anyone else getting a significantly less amount of a return?

Critter-3 — Thu, 16 Feb 2023 12:05:06 GMT

Many are surprised at the reduced refund from last year due to many of the rules going back to "normal" for the 2022 return. The last couple of years have been very unusual due to the covid accomodations.

There is no recovery rebate credit (stimulus $) for 2022. The childcare credit is not refundable. The child tax credit is different. And for some people, earned income is different because there is no “lookback” to an earlier year. Those are some of the reasons your refund may be less.

There are a lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc. You may have lost Earned Income Credit or the Child Tax Credit— did a child turn 17? If you received the EIC last year, remember that changes in the amount you earn have a big effect on the amount of EIC you can get. (Sometimes earning more money means less EIC) Are you 65 or older ? If so, your standard deduction is higher. Everyone has a higher standard deduction now so it is harder to use itemized deductions.

And…..the child tax credit is very different for 2022 For 2021 you could get $3600 for a child under 6 or $3000 for a child between 6 and 17 even if you had no income/did not work. That is NOT the way it will work for your 2022 tax return. The “old” rules are back. The maximum amount of the child tax credit is now $2000; the refundable “additional child tax credit” amount is $1500. In order to get that credit, you have to have income from working. The credit is calculated based on the amount you earned above $2500 multiplied by 15%, up to the full $1500. If your child is older than 16 at the end of 2022, you do not get the CTC. But you may still get the non-refundable $500 credit for other dependents instead.

And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.

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

Print out 2021 and 2022 and compare them side by side to see what is different.

Re: Anyone else getting a significantly less amount of a return?

Vcole0791 — Thu, 16 Feb 2023 12:48:47 GMT

There's no extras this year due to Congress letting the child credit expire. Plus yall had to know when our government gives (stimulus money), our government also takes away (letting the child credit expire). Happy filing,,,

topic Anyone else getting a significantly less amount of a return? in Get your taxes done using TurboTax

Anyone else getting a significantly less amount of a return?

Re: Anyone else getting a significantly less amount of a return?

Re: Anyone else getting a significantly less amount of a return?