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Please clarify your question. You have not provided sufficient information to be able to explain why the decrease in your refund.
I honestly don't know what more information to provide. I began my taxes and uploaded the info from my W2 for my serving job and initially, Turbo Tax quoted me a refund of $1029. I wasn't exactly sure why - my partner said it was probably because I have a serving job and tips were claimed properly. Anyway, I move on from the W2 and federal taxes (where the top of my turbo tax screen still says $1029), and then, after going through my state taxes (only $45 from NJ), my federal income tax refund is suddenly only $122. Granted on my W2, the total federal taxes withheld in that box is only $122. That's the amount I was expecting from the beginning. But I'm wondering where did it come from and why the $1029 was quoted in the first half of doing my taxes?
The boxes on top of the screen are informational only and until you complete your return it can adjust. TurboTax may have calculated a credit for you and after you completed the return, it adjust off that credit as you may not have been entitled for the credit. If your withholdings on your W-2 were $122 then you cannot get more than $122 unless you were eligible for a refundable credit.
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