Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Jun 6, 2019 5:48:17 AM

Why was my tax return small?compared to last year's. when I made more this year, but less then other years

0 1 184
1 Best answer
New Member
Jun 6, 2019 5:48:19 AM

Your tax refund is not determined just by how much you make.  It's determined by calculating the tax on your income, then subtracting out from that any tax you had withheld during the year.  If the type of income you claimed changed from W-2 to 1099-MISC, the tax on that is higher.  

Your refund can only be as high as the tax you had withheld unless you have a lot credits.  If your income goes up, your tax goes up, and, if your withheld taxes didn't go up by as much as your income, you will get a smaller refund.

1 Replies
New Member
Jun 6, 2019 5:48:19 AM

Your tax refund is not determined just by how much you make.  It's determined by calculating the tax on your income, then subtracting out from that any tax you had withheld during the year.  If the type of income you claimed changed from W-2 to 1099-MISC, the tax on that is higher.  

Your refund can only be as high as the tax you had withheld unless you have a lot credits.  If your income goes up, your tax goes up, and, if your withheld taxes didn't go up by as much as your income, you will get a smaller refund.