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timjule
New Member

Why is my refund less this year

 
1 Best answer

Accepted Solutions
JohnB5677
Expert Alumni

Why is my refund less this year

There could be a number of reasons for your refund to fluctuate from year to year.  Here are some common reasons.

 

  • Did you work multiple jobs?
  • Have you changed your withholding?
  • Was there extra money that you received that did not have enough taxes taken out?
  • Did you take any money out of a retirement account?
  • Did you have gambling winnings?
  • Was your Marital or dependent status changed?
  • Did you qualify for a credit last year that you didn't get this year?

 

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

View solution in original post

1 Reply
JohnB5677
Expert Alumni

Why is my refund less this year

There could be a number of reasons for your refund to fluctuate from year to year.  Here are some common reasons.

 

  • Did you work multiple jobs?
  • Have you changed your withholding?
  • Was there extra money that you received that did not have enough taxes taken out?
  • Did you take any money out of a retirement account?
  • Did you have gambling winnings?
  • Was your Marital or dependent status changed?
  • Did you qualify for a credit last year that you didn't get this year?

 

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