topic I made over $4,000 more in 2018 than i did in 2017. However, my tax return is $200 lower this year than it was last year. Why? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-made-over-4-000-more-in-2018-than-i-did-in-2017-however-my-tax-return-is-200-lower-this-year-than/01/151246#M62453 Sat, 01 Jun 2019 08:08:04 GMT altheaosborn721 2019-06-01T08:08:04Z I made over $4,000 more in 2018 than i did in 2017. However, my tax return is $200 lower this year than it was last year. Why? https://ttlc.intuit.com/community/taxes/discussion/i-made-over-4-000-more-in-2018-than-i-did-in-2017-however-my-tax-return-is-200-lower-this-year-than/01/151246#M62453 Sat, 01 Jun 2019 08:08:04 GMT https://ttlc.intuit.com/community/taxes/discussion/i-made-over-4-000-more-in-2018-than-i-did-in-2017-however-my-tax-return-is-200-lower-this-year-than/01/151246#M62453 altheaosborn721 2019-06-01T08:08:04Z Aside from the possibility of a typo (so recheck everythi... https://ttlc.intuit.com/community/taxes/discussion/aside-from-the-possibility-of-a-typo-so-recheck-everythi/01/151249#M62455 <P> </P><P>Aside from the possibility of a typo (so recheck everything that you entered), there are a variety of possible reasons. <BR /></P><P>The first is that the Tax Cut and Jobs Act of 2017 made a number of changes that reduced or eliminated some deductions, like for mortgage interest, state and local property and sales taxes, and moving expenses. Some taxpayers will find that they actually owe more money after the tax reform.</P> <P>You can find a detailed list of the changes at the IRS website as <A rel="nofollow" href="https://www.irs.gov/pub/irs-pdf/p5307.pdf" target="_blank">https://www.irs.gov/pub/irs-pdf/p5307.pdf</A></P> <P>Also after the Tax Cut and Jobs Act tax reform passed in 2017, the IRS updated the withholding tables to reflect the tax law changes. However, the tax reductions were not equal across the board - some taxpayers will actually owe more tax - so the IRS urged taxpayers to review their withholding all during 2018.</P> <P>This means that some taxpayers underwithheld compared to last year.</P> <P>I don't have enough information on your return, but the tax withholding tables were another thing that changed for your return that may have had a large impact on your refund/tax due.</P> <P>See <A rel="nofollow" href="https://www.irs.gov/newsroom/irs-withholding-tables-frequently-asked-questions" target="_blank">https://www.irs.gov/newsroom/irs-withholding-tables-frequently-asked-questions</A></P> <P></P> Sat, 01 Jun 2019 08:08:06 GMT https://ttlc.intuit.com/community/taxes/discussion/aside-from-the-possibility-of-a-typo-so-recheck-everythi/01/151249#M62455 BMcCalpin 2019-06-01T08:08:06Z
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topic I made over $4,000 more in 2018 than i did in 2017. However, my tax return is $200 lower this year than it was last year. Why? in Get your taxes done using TurboTax
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I made over $4,000 more in 2018 than i did in 2017. However, my tax return is $200 lower this year than it was last year. Why?
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https://ttlc.intuit.com/community/taxes/discussion/i-made-over-4-000-more-in-2018-than-i-did-in-2017-however-my-tax-return-is-200-lower-this-year-than/01/151246#M62453
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Aside from the possibility of a typo (so recheck everythi...
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<P> </P><P>Aside from the possibility of a typo (so recheck everything that you entered), there are a variety of possible reasons. <BR /></P><P>The first is that the Tax Cut and Jobs Act of 2017 made a number of changes that reduced or eliminated some deductions, like for mortgage interest, state and local property and sales taxes, and moving expenses. Some taxpayers will find that they actually owe more money after the tax reform.</P> <P>You can find a detailed list of the changes at the IRS website as <A rel="nofollow" href="https://www.irs.gov/pub/irs-pdf/p5307.pdf" target="_blank">https://www.irs.gov/pub/irs-pdf/p5307.pdf</A></P> <P>Also after the Tax Cut and Jobs Act tax reform passed in 2017, the IRS updated the withholding tables to reflect the tax law changes. However, the tax reductions were not equal across the board - some taxpayers will actually owe more tax - so the IRS urged taxpayers to review their withholding all during 2018.</P> <P>This means that some taxpayers underwithheld compared to last year.</P> <P>I don't have enough information on your return, but the tax withholding tables were another thing that changed for your return that may have had a large impact on your refund/tax due.</P> <P>See <A rel="nofollow" href="https://www.irs.gov/newsroom/irs-withholding-tables-frequently-asked-questions" target="_blank">https://www.irs.gov/newsroom/irs-withholding-tables-frequently-asked-questions</A></P> <P></P>
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