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It is possible that my tax return went from $2300 to $400 if my job stayed the same?

 
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It is possible that my tax return went from $2300 to $400 if my job stayed the same?

Even if your "gross" salary has not changed, it is entirely possible—and quite common—for your refund to decrease significantly. A tax refund is not a bonus; it is simply the government returning the "extra" money you overpaid for the year.

 

There could be a variety of factors involved. Did your employer take less tax from your paychecks this year? (If this figure is lower, your refund will be reduced). or any missing deductions?

 

Every person's financial situation is different, and tax rules change every year. If you want someone to look into your return, you can use our Tax Expert services to have an expert do a final review of your return before you file to make sure it’s 100% accurate, guaranteed.

 

Thank you for choosing TurboTax.

 

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