Why Is My Tax Return So Low 2023 Turbotax There are a few reasons why your refund might be less than what was shown in TurboTax 1 The IRS found an error in your return After you file your tax return the IRS looks at the info you
Your tax refund may be lower than expected for a variety of reasons including miscalculations filing errors or underpaid taxes Learn more with this guide Those are some of the reasons your refund may be less There are a lot of variables that affect your refund or tax due including how much you earned how much tax you
Why Is My Tax Return So Low 2023 Turbotax
Why Is My Tax Return So Low 2023 Turbotax
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You could try to add up all the direct deposits from the IRS throughout the year too if you haven t received the letter This money already paid to you will be deducted from your allotted CTCs on your tax return and may cause people It s possible the nonrefundable portion of the CTC absorbed your tax liability so you only got what s left of the ACTC on my W2 federal income tax withheld 25 Social Security tax
Learn why your tax return is unexpectedly low and explore potential factors affecting it Gain insights and find solutions to maximize your returns So assuming nothing drastic changes with your tax situation married divorced new dependents change in income etc your tax refund will likely stay in the same ballpark though the standard
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However when they filers see their actual refund is lower than expected common questions that come up include Why is my refund so small Why did it change on my transcript and How can I find out more details There are several reasons your tax refund could look different in 2023 based on your 2022 tax filing and the Internal Revenue Service IRS gov laid out a few of them this
CPA and TurboTax tax expert Lisa Greene Lewis joins TheStreet to review some of the reasons why your tax refund might not match your expectation There are common reasons people see lower refunds than If you re wondering why your tax return is so low there are a few things that you can do to legally boost your tax refunds next time around It s worthwhile looking into some
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There are a few reasons why your refund might be less than what was shown in TurboTax 1 The IRS found an error in your return After you file your tax return the IRS looks at the info you
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Your tax refund may be lower than expected for a variety of reasons including miscalculations filing errors or underpaid taxes Learn more with this guide
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Why Is My Tax Return So Low 2023 Turbotax - So assuming nothing drastic changes with your tax situation married divorced new dependents change in income etc your tax refund will likely stay in the same ballpark though the standard
