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Is this the incorrect refund total? Since your payments and credits of $10,444 exceeded your total tax of $9,789, you are receiving the difference of $463 as a refund.

 
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2 Replies

Is this the incorrect refund total? Since your payments and credits of $10,444 exceeded your total tax of $9,789, you are receiving the difference of $463 as a refund.

Is that the refund on 1040 line 35a?  Any penalty on line 38?  

Is this the incorrect refund total? Since your payments and credits of $10,444 exceeded your total tax of $9,789, you are receiving the difference of $463 as a refund.

You are getting a refund of $463. Your filing status is Single and your only income was wages of $79,863 in 2023. You claimed the standard deduction of $13,850 which reduced your taxable income. Your total tax before credits was $9,789. You made payments of $10,252 through withholding. You also received a student loan interest deduction credit of $192. Since your payments and credits of $10,444 exceeded your total tax of $9,789, you are receiving the difference of $463 as a refund.

 

Just total for Federal refund, but I think it is leaving out the $192 for student loan interest deduction 

 

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