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Why is federal credit so much lower than last year if I've made more this year ?

 
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2 Replies

Why is federal credit so much lower than last year if I've made more this year ?

Which credit are you asking about specifically?  There are a number of credits on a federal return.  We cannot see your screen or your tax return, so please explain which one you think is lower.

**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.**
MayaD
Employee Tax Expert

Why is federal credit so much lower than last year if I've made more this year ?

Are you asking why your refund is lower this year? 

You probably made more money but you didn't adjust your W-4 form. Depending on what amount of income and which credits you specify on the W-4, the more or less tax will be withheld. Having less taken out will give you bigger paychecks, but a smaller tax refund.

 

You can use a W-4 Withholding Calculator to help you estimate what you should enter on your W-4.

 

For more information on why you refund might be less this year, please check: Why is my refund lower than last year?

 

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