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Calculations are wrong
You may be getting ahead of yourself--employers, banks, brokers, Social Security, etc, have until the end of January/early February to provide the documents you need to prepare your tax return. And some forms are not yet finalized, which could be affecting the calculations on your return. No one on Answer Xchange can see your return. There are are lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc. You may have lost Earned Income Credit or the Child Tax Credit. Or do you have a healthcare penalty? The best way to find the difference is to print and compare 2016 and 2017 side by side
And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.
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Calculations are wrong
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Calculations are wrong
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Calculations are wrong
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Calculations are wrong
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Calculations are wrong
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Calculations are wrong
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Calculations are wrong
You may be getting ahead of yourself--employers, banks, brokers, Social Security, etc, have until the end of January/early February to provide the documents you need to prepare your tax return. And some forms are not yet finalized, which could be affecting the calculations on your return. No one on Answer Xchange can see your return. There are are lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc. You may have lost Earned Income Credit or the Child Tax Credit. Or do you have a healthcare penalty? The best way to find the difference is to print and compare 2016 and 2017 side by side
And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.
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Calculations are wrong
Higher Income = Higher Taxes
You cannot go by just your gross income; it also depends on your filing status, deductions, credits, taxes withheld, etc. Your refund (if any) is not proportional to your gross income.