topic I have 15k in deductions but u say I'm only getting half that I want to know why! in Get your taxes done using TurboTax

I have 15k in deductions but u say I'm only getting half that I want to know why!

Tony-pina10 — Sat, 01 Jun 2019 02:05:23 GMT

Why is my refund less than last year if I have more deductions

Only you can answer that since we cannot see your tax ret...

macuser_22 — Sat, 01 Jun 2019 02:05:25 GMT

Only you can answer that since we cannot see your tax returns, by comparing last years tax return with this years line-for-line to see what is different.

Some deductions are limited, so even if you have a lot of deductions they might not exceed the standard deduction.

The only difference is that I bought a house

Tony-pina10 — Sat, 01 Jun 2019 02:05:26 GMT

The only difference is that I bought a house

You don't get deductions back. They only reduce your inc...

VolvoGirl — Sat, 01 Jun 2019 02:05:31 GMT

You don't get deductions back. They only reduce your income so you get taxed on a lower amount. And if you reduce your income to zero you don't get back any more.

Well that doesn't make much sense that I buy a house and...

Tony-pina10 — Sat, 01 Jun 2019 02:05:33 GMT

Well that doesn't make much sense that I buy a house and my refund gets lowered by 3k from last year

Like I say, compare the two years. The reason for the dif...

macuser_22 — Sat, 01 Jun 2019 02:05:35 GMT

Like I say, compare the two years. The reason for the difference should be apparent. Higher income, different withholding, etc.