Comments on: Why Your Tax Refund Will Be Smaller In 2024 https://thecollegeinvestor.com/35399/tax-refund-smaller/ Navigating Money And Education Sun, 31 Dec 2023 21:15:54 +0000 hourly 1 By: Robert Farrington https://thecollegeinvestor.com/35399/tax-refund-smaller/#comment-475195 Wed, 21 Dec 2022 23:16:14 +0000 https://thecollegeinvestor.com/?p=35399#comment-475195 In reply to Melinda.

You could always do a quick run-through now to see in TurboTax. That gives your time to potentially check your last paystub, adjust withholdings, or make decisions to make additional contributions to retirement plans if you’re able to and it helps.

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By: Melinda https://thecollegeinvestor.com/35399/tax-refund-smaller/#comment-475194 Wed, 21 Dec 2022 22:55:00 +0000 https://thecollegeinvestor.com/?p=35399#comment-475194 My husband and I have had to pay in for the last few years–in fact, I’m still paying for last year’s taxes. So I’m wondering if this year we will be screwed even worse (although we did fix our withholding so perhaps Uncle Sam will see it in his cold, dead heart to be merciful). I will have a bottle of whiskey ready to crack open along with my TurboTax next month!

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By: Robert Farrington https://thecollegeinvestor.com/35399/tax-refund-smaller/#comment-470150 Tue, 08 Mar 2022 19:49:03 +0000 https://thecollegeinvestor.com/?p=35399#comment-470150 In reply to Shannon.

What did your tax return say when you filed it? Was it different from prior years (when you look at the numbers)? Your tax return isn’t “given” by the IRS, you claim it with your return so you should easily see what was different.

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By: Shannon https://thecollegeinvestor.com/35399/tax-refund-smaller/#comment-470131 Tue, 08 Mar 2022 12:58:11 +0000 https://thecollegeinvestor.com/?p=35399#comment-470131 My refund was calculated at roughly $1200 for federal return. This amount has been standard for the last few years because my income has not changed & I do not have dependents or outstanding debts. The IRS only gave me $400.
It’s impossible to speak to a live IRS representative and the website is of no assistance.

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By: Robert Farrington https://thecollegeinvestor.com/35399/tax-refund-smaller/#comment-469824 Tue, 22 Feb 2022 02:02:16 +0000 https://thecollegeinvestor.com/?p=35399#comment-469824 In reply to K Benn.

No politics here, just math/tax facts and stats. We’re happy to dive into the details of your return if you want to share more info in the comments!

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