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yhogans
New Member

I recently retired and have never saw a refund this large why is my refund so high

 
2 Replies
Anonymous
Not applicable

I recently retired and have never saw a refund this large why is my refund so high

we can't see your return. a guess would be that your withholding was based on you not retiring.  retiring and then have lower taxable income but higher than required withholding would produce this situation. 

SteamTrain
Level 15

I recently retired and have never saw a refund this large why is my refund so high

...another thing to check if the refund is really unreasonable?

 

Edit any forms that you entered data into that had tax withholding entered...sometimes the tax withholding $$ are mis-keyed with an extra digit, or a decimal place in the wrong position and you didn't notice it when you entered that data.  Double check the numbers on each software form.

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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