2018

Ledforcj — Thu, 30 Jan 2020 14:36:52 GMT

Hi, my 2019 return is a lot less then my 2018. Could you tell me what the difference was?

Re: 2018

xmasbaby0 — Thu, 30 Jan 2020 14:47:30 GMT

We cannot see your screen, your return or your account. Have you entered ALL of your 2019 information? All your income, etc.? Many tax documents that you need do not arrive until late January or even February, so maybe you do not have it all there yet.

No one in this user forum can see your tax return or your screen. There were major tax law changes that began with the 2018 tax year that seem to continue to surprise some people. Personal exemptions of over $4000 per person were removed beginning with 2018 returns.

One thing that may be affecting your refund is that employers began withholding less tax when the new tax law passed. Your paychecks were more, but that means a smaller refund now.

There are a 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— did a child turn 17? If you received the EIC last year, remember that changes in the amount you earn have a big effect on the amount of EIC you can get. (Sometimes earning more money means less EIC) Are you 65 or older ? If so, your standard deduction is higher. Everyone has a higher standard deduction now so it is harder to use itemized deductions.

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

https://ttlc.intuit.com/questions/1901008-why-did-my-refund-go-down-compared-to-last-year-s

Re: 2018

LeonardS — Thu, 30 Jan 2020 15:57:58 GMT

The most probable reason your return was a lot less is that the amount of tax being withheld throughout the year covered less of the tax you owed then in previous years.

You may want to consider changing your withholdings by submitting an updated Form W-4 to your employer to have then withhold more tax during the year this will increase the amount of your refund.

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