topic Why is Turbotax is showing an $8000 NYS refund due when I had no withholding which is crazy, I didn't even pay that much in property tax? in Deductions & credits

Why is Turbotax is showing an $8000 NYS refund due when I had no withholding which is crazy, I didn't even pay that much in property tax?

themadone2002-ya — Wed, 11 Feb 2026 04:14:01 GMT

Why is this so useless?

Re: Why is Turbotax is showing an $8000 NYS refund due when I had no withholding which is crazy, I didn't even pay that much in property tax?

xmasbaby0 — Wed, 07 Feb 2024 17:03:20 GMT

Double check your own data entries and see if you have a typo, misplaced decimal or added a zero somewhere when you entered your income. If you entered a W-2 look at boxes 16 and 17.

Re: Why is Turbotax is showing an $8000 NYS refund due when I had no withholding which is crazy, ...

Cynthiad66 — Wed, 07 Feb 2024 17:43:57 GMT

In addition to the great information provided by, xmasbaby0, you may have qualified for some of New York's refundable credits. If you are claiming your child or children as dependents you may qualify for the Earned Income Credit, Dependent Care Credit, Child Tax Credit, and others. Refundable credits can get you a refund even when you do not owe any taxes. Things You Should Know About Refundable Credits

Refundable tax credits are called “refundable” because if you qualify for a refundable credit and the amount of the credit is larger than the tax you owe, you will receive a refund for the difference.

Re: Why is Turbotax is showing an $8000 NYS refund due when I had no withholding which is crazy, I didn't even pay that much in property tax?

themadone2002-ya — Wed, 07 Feb 2024 21:14:31 GMT

No typo, No W2 - I've looked deeper and Turbotax has taken the $8000 IRA distribution that I placed in the Federal portion and moved it to New York State as State Tax Withheld so wants to give me the entire 8 grand back. I think some code correction might be in order. Thanks for replying though.

Re: Why is Turbotax is showing an $8000 NYS refund due when I had no withholding which is crazy, ...

themadone2002-ya — Wed, 07 Feb 2024 21:16:43 GMT

I know what deductions and credits are. I do have $350 of those coming. As I mentioned in the other reply. I've looked deeper and Turbotax has taken the $8000 IRA distribution that I placed in the Federal portion and moved it to New York State as State Tax Withheld so wants to give me the entire 8 grand back. I think some code correction might be in order. Thanks for replying though.

Re: Why is Turbotax is showing an $8000 NYS refund due when I had no withholding which is crazy, ...

LindaS5247 — Thu, 08 Feb 2024 21:24:30 GMT

There may have been an error entering your Form 1099-R for you IRA Distribution.

Try deleting your Form(s) 1099-R and reentering them. After reentering them pay close attention to any followup questions or prompts.

To delete a form in TurboTax,

Log in, and choose Tax Tools, then Tools on the left side of your screen.
In the Tools Center, choose Delete A Form.
In Review Form List, find the 1099-R and choose Delete, if it's there. ...
On the screen Delete Selected Form, select Delete.

Here's where to enter your 1099-R in TurboTax:

Open or continue your return.
In the Federal section, select Wages & Income.
Scroll to locate Retirement Plans and Social Security.
Select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).

You can also find the 1099-R section using Search. Open your return, enter 1099-r in the search bar, and select the Jump to 1099-r link.

Click here for information on the taxability of your retirement withdrawal.

Click here for where to enter your Form 1099-R

Click here for the instructions for Form 1099-R.