Without being able to see your tax return, it's almost impossible to say - there is almost always at least one other thing that has changed that we can't see. The most common change in a refund is a child that turned 17 during the tax year but you mention taxable income, not your refund so that leaves a bigger challenge!
TurboTax has a tool that may help you spot the difference if you used TurboTax to prepare your return last year.
- Log in to your tax return at TurboTax.com.
- Click on Tax Tools on the left side of the screen (you may need to click on Continue in the center first).
- Click on Tools.
- In the box that pops up in the center, click on View Tax Summary.
This summary will show you a side-by-side comparison of key points from last year to this year. You can compare the federal adjusted gross income, taxable income, tax, credits, and payments.
If you didn't use TurboTax last year (or if you did and you want to explore further) after you pull up the tax summary click on Preview my 1040 in the left column and you can compare the first part of your Form 1040 to last year's form as well.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
