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New Member
posted Jan 10, 2022 11:48:40 AM

I’ve paid well over 9,000 in taxes why is my refund estimate so low

I’ve checked govt sites and turbo tax offers me the lowest refund estimate, why?

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1 Replies
Expert Alumni
Jan 10, 2022 12:41:47 PM

Your refund amount is directly tied to your income tax and the amount of tax you paid in through withholding or estimated tax. If you paid in $9,000 but have a minimal refund, then your income tax, based primarily on the amount of you income, must be around the same amount.