Why is my return so much less than last year when I made alot more money this year

beastcuddles1212 · ‎April 1, 2020

MinhT1 · ‎April 1, 2020

Your refund is not at all proportional to your income. It depends on your tax liability and the amount of tax withheld.

The tax withholding tables are designed so that you pay enough tax as you earn so that your refund or your tax due is as close to 0 as possible. In fact, if you have a large refund at tax time, this means that too much has been withheld from your paychecks during the year.

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View solution in original post

MinhT1 · ‎April 1, 2020

Your refund is not at all proportional to your income. It depends on your tax liability and the amount of tax withheld.

The tax withholding tables are designed so that you pay enough tax as you earn so that your refund or your tax due is as close to 0 as possible. In fact, if you have a large refund at tax time, this means that too much has been withheld from your paychecks during the 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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Why is my return so much less than last year when I made alot more money this year