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Charitable Donations regarding tax refund

My 2019 charitable contributions has increase from 2018 $3,400.00, but I am receiving less in my Federal Refund.  Please advise why.  In the past the more I give each year, the refund who increase.

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Expert Alumni

Charitable Donations regarding tax refund

It depends.

 

If you were able to itemize deductions in the past, then you would expect your refund to increase.

But there are several factors which come into play that affect your overall refund each year:

  • Did your earnings increase substantially from last year?
  • Did your withholdings adjust in proportion to any changes in your withholdings?
  • Were you entitled to a credit last year which you do not have this year?
  • Did your mortgage interest deduction decrease from last year?
  • Did you have any other sources of income this year that you did not have in the past?

A culmination of any of the items above will affect your overall numbers.  The best thing to do is to compare the items you entered in your 2019 return to the return you filed in 2018.  This will help you narrow down where any significant changes may have occurred.

 

 

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Highlighted
Level 1

Charitable Donations regarding tax refund

Thank you for information!

View solution in original post

2 Replies
Highlighted
Expert Alumni

Charitable Donations regarding tax refund

It depends.

 

If you were able to itemize deductions in the past, then you would expect your refund to increase.

But there are several factors which come into play that affect your overall refund each year:

  • Did your earnings increase substantially from last year?
  • Did your withholdings adjust in proportion to any changes in your withholdings?
  • Were you entitled to a credit last year which you do not have this year?
  • Did your mortgage interest deduction decrease from last year?
  • Did you have any other sources of income this year that you did not have in the past?

A culmination of any of the items above will affect your overall numbers.  The best thing to do is to compare the items you entered in your 2019 return to the return you filed in 2018.  This will help you narrow down where any significant changes may have occurred.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Highlighted
Level 1

Charitable Donations regarding tax refund

Thank you for information!

View solution in original post

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