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New Member
posted Feb 10, 2020 2:27:31 PM

The intuit refund calculator said I would get $1400 return but using the same numbers with standard deduction the tax software is only giving me $589. Why?

0 5 964
5 Replies
Expert Alumni
Feb 10, 2020 2:47:05 PM

The refund calculator does not allow you to enter all of the details that may impact your income tax. It's purpose is to give you an estimate of your tax refund or amount due based on basic information entered regarding your income, deductions and filing status.

 

Your actually return includes a lot of detail information that results in an accurate calculation of your tax that may vary from the estimate arrived at in the refund calculator.

New Member
Feb 13, 2020 10:06:55 AM

My taxes were straight forward. Just w-2s. There was no complicated information. You didnt answer my question. 

Expert Alumni
Feb 13, 2020 10:18:45 AM

I assume you mean the 'refund calculator' here.

 

Did you enter information into the 'refund calculator' from your W-2's, from pay stubs or from something else?

New Member
Feb 13, 2020 10:30:15 AM

W-2s

New Member
Apr 2, 2020 8:49:34 PM

I think you are right. My tax return is very basic, so if it can't calculate my taxes, it can't be trusted to calculate/estimate others. It gave me the figure of $4,100 when it was only $500. Single filer, standard deduction, etc. I chose to go with TaxAct instead and do not recommend TurboTax at all (their filing was also more expensive).