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.

Chass29
New Member

Tax refund

Why does my refund says “ :

REFUND AMOUNT : 500

STATE : 350

 

& this the part I don’t understand under state amount it says : 

 

tax credit took : 500 OFF YOUR TOTAL TAXES … what does this means ? 

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 Reply
DawnC
Employee Tax Expert

Tax refund

It means, on your state tax return, you received a tax credit of $500, and your refund amount (taxes owed - payments and credits) from your state is $350.

 

Your refund from the IRS is $500.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question