Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Anonymous
Not applicable

You asked Why did the tax refund estimate calculator, using the exact information from my W2, estimate a refund that was $800+ more than I’m actually getting?

 
3 Replies
KarenM90
Level 11

You asked Why did the tax refund estimate calculator, using the exact information from my W2, estimate a refund that was $800+ more than I’m actually getting?

To determine why the Tax Estimator is different from the actual return, you can view Tax Summaries for each tool to view the differences, line by line.

 

To do this, first go to the Tax Estimator Tool.  With your information entered, click the Up arrow, next to "Estimated Federal Refund."   This will show you total income, total deductions, taxable income, payments, and your estimated refund.

 

Then log into your TurboTax Online Account and go to Tools/Tax Tools/View Tax Summary. (This summary will list the same row Items)

 

If you are using a desktop version of TurboTax, you can view a similar Tax Summary in Forms Mode from the left hand margin forms list.  

 

Compare these two summaries to see what the differences were and why the Refund calculated differently.  

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

You asked Why did the tax refund estimate calculator, using the exact information from my W2, estimate a refund that was $800+ more than I’m actually getting?

Do not understand how, where and why the difference? 

fcdolder
New Member

You asked Why did the tax refund estimate calculator, using the exact information from my W2, estimate a refund that was $800+ more than I’m actually getting?

To further clarify, the actual Fed refund was significantly higher than that calculated by TT!

Privacy Settings
v