It depends. There are a lot of factors that could effect your tax refund or amount due from year to year.
Some of these reasons are:
- Less income tax was taken out of your earnings. You can compare your W2 for this year with last year and compares the information on Box 16 till Box 19.
- You were in a higher tax bracket due to earning more money compared to prior year.
- You had a change in filing status
The above list is a general list since it will vary according to each individuals situation. I would recommend comparing your return with Prior Year to see where the difference is.
You can view your return or just your 1040 form before you e-file to make sure the numbers which are being used for calculation seem reasonable.
Please follow the steps below:
- Open or continue your return.
- Select Tax Tools in the left menu (if you don't see this, select the menu icon in the upper-left corner).
- With the Tax Tools menu open, you can then:
- Preview your entire return: Select Print Center and then Print, Save, or Preview This Year's Return (you may be asked to register or pay first).
- View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu. This option is free and you can Preview your return before you file.
Additionally, please visit Preview Tax Return before E-Filing , for more information
