Is my refund so much lower this year because of my decrease in mortgage interest?

kjworle — Mon, 03 Jun 2019 17:32:22 GMT

Why did my refund go down from last year? Why did my refu...

AilinaH — Mon, 03 Jun 2019 17:32:23 GMT

Why did my refund go down from last year?

Why did my refund go down compared to last year's?

An increase in your 2016 income may have reduced – even eliminated – some deductions and credits you got on your 2015 return, not to mention putting you in a higher tax bracket.

Strangely enough, an income decrease can sometimes reduce your refund. One example is losing the Earned Income Credit (EIC) because you didn't have any earned income this year, which you need to qualify for the EIC.

Without examining your return, it's impossible to say exactly what caused your refund to decrease. However, there's a high probability that at least one reason is listed below.

If your refund is wildly off, it's possible you simply mistyped a dollar amount somewhere. An extra digit here, a missing number there, even something as seemingly insignificant as a misplaced decimal point can have an eye-popping effect on your TurboTax refund.

Changes in your income or tax rate

Loss of credits or deductions

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topic Is my refund so much lower this year because of my decrease in mortgage interest? in Get your taxes done using TurboTax

Is my refund so much lower this year because of my decrease in mortgage interest?

Why did my refund go down from last year? Why did my refu...