https://ttlc.intuit.com/community/taxes/discussion/why-does-my-state-tax-refund-decrease-when-i-enter-investments/01/2978801#M1086814 Mon, 23 Feb 2026 14:09:20 GMT danielgriffin16 2026-02-23T14:09:20Z https://ttlc.intuit.com/community/taxes/discussion/why-does-my-state-tax-refund-decrease-when-i-enter-investments/01/2978801#M1086814 Mon, 23 Feb 2026 14:09:20 GMT https://ttlc.intuit.com/community/taxes/discussion/why-does-my-state-tax-refund-decrease-when-i-enter-investments/01/2978801#M1086814 danielgriffin16 2026-02-23T14:09:20Z https://ttlc.intuit.com/community/taxes/discussion/re-why-does-my-state-tax-refund-decrease-when-i-enter-investments/01/2978828#M1086821 <P>Probably because your state govt taxes some of your investment income.&nbsp; When your refund decreases, the govt is taking its cut.</P> Sat, 25 Mar 2023 19:43:56 GMT https://ttlc.intuit.com/community/taxes/discussion/re-why-does-my-state-tax-refund-decrease-when-i-enter-investments/01/2978828#M1086821 boch 2023-03-25T19:43:56Z https://ttlc.intuit.com/community/taxes/discussion/re-why-does-my-state-tax-refund-decrease-when-i-enter-investments/01/2979296#M1086998 <P>Your state refund is decreasing when you add investments because there is no tax withheld on investments, unlike a W-2.</P> <P>&nbsp;</P> <P>Adding investments will increase your income, which increases your tax, but since you are not adding any additional withholdings to offset the extra tax, the additional money you owe is being subtracted from your state tax refund.</P> Sat, 25 Mar 2023 23:03:22 GMT https://ttlc.intuit.com/community/taxes/discussion/re-why-does-my-state-tax-refund-decrease-when-i-enter-investments/01/2979296#M1086998 ErnieS0 2023-03-25T23:03:22Z