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TCASHIN
New Member

how do i find out why my federal tax refund went down $3000?

 
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1 Reply
JohnB5677
Employee Tax Expert

how do i find out why my federal tax refund went down $3000?

If it is exactly $3,000 I would guess it is the Child Tax Credit.

I suggest you look at your tax return

 

From the left sidebar

  1. Select Tax tools
  2. Hint: You may have to minimize the Federal and State selections
  3. Click Tools
  4. A Menu will pop up
  5. Select View tax summary
  6. On the left panel click Preview my 1040
  7. Check line 19

Some Key numbers to compare:

  • 11 Adjusted Gross Income
  • 12 Deductions
  • 15 Taxable income
  • 16 Tax
  • 19 Child Tax Credit
  • 26 Earned Income Tax Credit
  • 28 Additional Child Tax Credit
  • 33 Total Payments
  • 34 Overpayment
  • 35a Refund
  • 37 Amount you owe
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