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New Member
posted Feb 27, 2021 9:29:24 AM

I don’t know why I’m not getting a federal tax return because everything’s the way it was last year

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4 Replies
Level 15
Feb 27, 2021 10:32:04 AM

Ah, but the tax law has changed. And we're all a year older.  Some deductions/credits (such as the EIC and Child Tax Credit) have age limits.  Look at your 2019 and 2020 returns side by side.  Something may stand out

New Member
Feb 27, 2021 11:48:13 AM

I was trying to look at 2019 but it doesn’t let me into the whole tax information from last year

Level 3
Feb 27, 2021 11:59:53 AM

It is possible with a change in income you moved into a higher tax bracket.   Therefore, with a slightly higher income your tax liability could also be higher,  Hope this helps.  2021 tax brackets below.

  • 37% for incomes over $523,600 ($628,300 for married couples filing jointly)
  • 35% for incomes over $209,425 ($418,850 for married couples filing jointly)
  • 32% for incomes over $164,925 ($329,850 for married couples filing jointly)
  • 24% for incomes over $86,375 ($172,750 for married couples filing jointly)
  • 22% for incomes over $40,525 ($81,050 for married couples filing jointly)
  • 12% for incomes over $9,950 ($19,900 for married couples filing jointly)
  • 10% for incomes up to $9,950 ($19,900 for married couples filing jointly)

Level 15
Feb 27, 2021 1:21:49 PM

IRS has changed the withholding rules to make it less likely you will get a big refund.

If you want a big refund you will have to submit a new W-4 to your employer.