in [Event] MetLife & TurboTax Present: the Ask us Anything Forum
You'll need to sign in or create an account to connect with an expert.
There can be many reasons that this can happen. The big reason is that they may be having a lot more taxes withheld. Many have extra money withheld so they can get a larger refund. Another reason could be that some may itemize deductions while others take the standard deduction. This could reduce their tax liability and increse their refund. Another thing that comes into play is other income. Some have more or less unearned income than others. Unearned income can be interest, dividends, capital gains etc. So you see that there are a lot of factors that can give some taxpayers a larger refund.
There can be many reasons that this can happen. The big reason is that they may be having a lot more taxes withheld. Many have extra money withheld so they can get a larger refund. Another reason could be that some may itemize deductions while others take the standard deduction. This could reduce their tax liability and increse their refund. Another thing that comes into play is other income. Some have more or less unearned income than others. Unearned income can be interest, dividends, capital gains etc. So you see that there are a lot of factors that can give some taxpayers a larger refund.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17689288490
Level 1
in [Event] MetLife & TurboTax Present: the Ask us Anything Forum
tbeattylaf
New Member
user17729226708
New Member
kbowles2
New Member
noahham9
New Member