topic Why is my tax return on TurboTax lower than the tax on my w2 in Get your taxes done using TurboTax

Why is my tax return on TurboTax lower than the tax on my w2

jemella123 — Tue, 10 Feb 2026 09:23:21 GMT

Re: Why is my tax return on TurboTax lower than the tax on my w2

VolvoGirl — Sat, 27 Jan 2024 16:29:54 GMT

You only get back from box 2 federal tax withheld. The Withholding is only an estimate of the tax on your income. You had more withholding than the tax on your income. You don't always get the whole amount back.

Re: Why is my tax return on TurboTax lower than the tax on my w2

SharonD007 — Mon, 29 Jan 2024 05:21:41 GMT

You get a refund if you overpaid your taxes in the previous year (through your employee withholding which is in box 2 of your W-2). Your refund is calculated by taking the amount that your employer withheld from your income for federal taxes minus your federal income tax for the year (based on your taxable income for the year). Your taxable income may include other income besides your wages on your W-2.

Review the TurboTax article: What Is Taxable Income? for more details.

Credits reduce the amount your federal income tax, so make sure you go through the Deductions and Credit Section to ensure you get the highest possible refund. Review the TurboTax article: What Are Tax Credits? for more information.