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New Member
posted Feb 1, 2020 6:23:07 PM

Just trying to figure out why my tax’s less this the then it was last year

0 2 174
2 Replies
Employee Tax Expert
Feb 1, 2020 7:12:08 PM

It depends. 

  • Were you eligible for a tax credit last year that didn't apply this year
  • Did you have another source of income this year which wasn't there last year?
  • Did you change your job or withholdings?
  • Did you have higher deductions last year than this year? 

I would recommend reviewing items you had input into your return last year to ensure you are not missing a deduction that you had reported in the past but may not have entered into your return this year.

Level 15
Feb 1, 2020 7:14:01 PM

And the IRS changed the withholding tables so you got more in your checks during the year instead of a big refund.  Or there are other tax changes.  And any  dependents you have are a year older.  If you made more income that can reduce some credits you got like the EIC.