turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jfromi
New Member

Curious as to why our federal return is so much less than last year. Seems to be in my wife's W-2. Also, we already paid tax on the money we got from the annuities.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Curious as to why our federal return is so much less than last year. Seems to be in my wife's W-2. Also, we already paid tax on the money we got from the annuities.

No one on Answer Xchange can see your return.  There are are lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc.  You may have lost Earned Income Credit or the Child Tax Credit. Or do you have a healthcare penalty?  The best way to find the difference is to print and compare 2015 and 2016 side by side

And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

1 Reply

Curious as to why our federal return is so much less than last year. Seems to be in my wife's W-2. Also, we already paid tax on the money we got from the annuities.

No one on Answer Xchange can see your return.  There are are lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc.  You may have lost Earned Income Credit or the Child Tax Credit. Or do you have a healthcare penalty?  The best way to find the difference is to print and compare 2015 and 2016 side by side

And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies