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

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

ckosloske
New Member

Why am I getting less this year when I worked longer in 2018 then I did in 2017 and I got back more.

 
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
CynthiaR
New Member

Why am I getting less this year when I worked longer in 2018 then I did in 2017 and I got back more.

 There are major tax law changes that have begun with this tax year.  Personal exemptions of over $4000 per person were removed. One thing that may be affecting your refund for 2018 is that employers began withholding less tax when the new tax law passed.  Your paychecks were more, but that means a smaller refund now.  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— did a child turn 17?  If you received the EIC last year, remember that changes in the amount you earn have a big effect on the amount of EIC you can get. (Sometimes earning more money means less EIC)  Are you 65 or older ?  If so, your standard deduction is higher. Everyone has a higher standard deduction now so it is harder to use itemized deductions.  Or do you have a healthcare penalty?  We used to be able to suggest comparing two years of tax returns side by side to find the differences.  But with the drastic change in the 2017 and 2018 forms, that is tricky this year.

 

View solution in original post

2 Replies

Why am I getting less this year when I worked longer in 2018 then I did in 2017 and I got back more.

That’s possible.  More income = more tax and usually less refund.

Your withholding didn’t increase enough to keep up with the increase in income.  And they reduced the withholding tables so you got more back in your paychecks each month.  
CynthiaR
New Member

Why am I getting less this year when I worked longer in 2018 then I did in 2017 and I got back more.

 There are major tax law changes that have begun with this tax year.  Personal exemptions of over $4000 per person were removed. One thing that may be affecting your refund for 2018 is that employers began withholding less tax when the new tax law passed.  Your paychecks were more, but that means a smaller refund now.  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— did a child turn 17?  If you received the EIC last year, remember that changes in the amount you earn have a big effect on the amount of EIC you can get. (Sometimes earning more money means less EIC)  Are you 65 or older ?  If so, your standard deduction is higher. Everyone has a higher standard deduction now so it is harder to use itemized deductions.  Or do you have a healthcare penalty?  We used to be able to suggest comparing two years of tax returns side by side to find the differences.  But with the drastic change in the 2017 and 2018 forms, that is tricky this year.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies