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ghostgw
New Member

Turbotax is showing a federal refund that is higher than the tax we paid in. Is this OK?

 
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Marketstar
Level 7

Turbotax is showing a federal refund that is higher than the tax we paid in. Is this OK?

If you received refundable credits such as the Earned Income Tax Credit, and/or the Additional Child Tax Credit, or the American Opportunity educational credit, your refund may be greater than the amount of tax paid

Just in case, you should review your return, checking your date entries starting with your W-2, looking for errors such as misplaced decimals or extra zeros


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Marketstar
Level 7

Turbotax is showing a federal refund that is higher than the tax we paid in. Is this OK?

If you received refundable credits such as the Earned Income Tax Credit, and/or the Additional Child Tax Credit, or the American Opportunity educational credit, your refund may be greater than the amount of tax paid

Just in case, you should review your return, checking your date entries starting with your W-2, looking for errors such as misplaced decimals or extra zeros


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