topic That is a statement. Please describe the problem in Get your taxes done using TurboTax

Calculations are wrong

amathews85 — Wed, 05 Jun 2019 03:18:05 GMT

Please elaborate

SweetieJean — Wed, 05 Jun 2019 03:18:07 GMT

Please elaborate

That is a statement. Please describe the problem

DoninGA — Wed, 05 Jun 2019 03:18:08 GMT

That is a statement. Please describe the problem

What calculations? What year? Did you get a letter from...

VolvoGirl — Wed, 05 Jun 2019 03:18:10 GMT

What calculations? What year? Did you get a letter from the IRS?

I entered my gross yearly income I got more this year the...

amathews85 — Wed, 05 Jun 2019 03:18:11 GMT

I entered my gross yearly income I got more this year then last year and for my refund I'm getting almost the same outcome

Have you already received any W2's, 1099's, etc.?

mesquitebean — Wed, 05 Jun 2019 03:18:12 GMT

Have you already received any W2's, 1099's, etc.?

Actually, if all else is the same as last year, and you h...

BobinCT — Wed, 05 Jun 2019 03:18:14 GMT

Actually, if all else is the same as last year, and you have only W-2 income, one would expect your refund to be approximately the same in many cases. There is no reason to expect your refund to increase as your income rises.

You may be getting ahead of yourself--employers, banks, b...

xmasbaby0 — Wed, 05 Jun 2019 03:18:15 GMT

You may be getting ahead of yourself--employers, banks, brokers, Social Security, etc, have until the end of January/early February to provide the documents you need to prepare your tax return. And some forms are not yet finalized, which could be affecting the calculations on your return. No one on Answer Xchange can see your return. There are are 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. Or do you have a healthcare penalty? The best way to find the difference is to print and compare 2016 and 2017 side by side

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

Higher Income = Higher Taxes You cannot go by just your...

SweetieJean — Wed, 05 Jun 2019 03:18:18 GMT

Higher Income = Higher Taxes

You cannot go by just your gross income; it also depends on your filing status, deductions, credits, taxes withheld, etc. Your refund (if any) is not proportional to your gross income.