turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why are my home office expenses decreasing my refund? I thought they were supposed to help you

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Why are my home office expenses decreasing my refund? I thought they were supposed to help you

The Earned Income credit is added to the refund meter as you enter your income and personal information.

As you lower your taxable income with deductions, you may lower the amount of your Earned income Credit, thus lowering the dollar amount you see on the refund meter.

The more information you enter, the more accurate the refund meter will be, and will not be totally accurate (and thus truly meaningful) until you have entered all of your information including all income and expense/deductions.


View solution in original post

1 Reply

Why are my home office expenses decreasing my refund? I thought they were supposed to help you

The Earned Income credit is added to the refund meter as you enter your income and personal information.

As you lower your taxable income with deductions, you may lower the amount of your Earned income Credit, thus lowering the dollar amount you see on the refund meter.

The more information you enter, the more accurate the refund meter will be, and will not be totally accurate (and thus truly meaningful) until you have entered all of your information including all income and expense/deductions.


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies