If I entered the exact same info from w-2, then why would they both give me different refund amounts? One of the says I get a refund from state and the other says I owe state. What is the deal with these things? Are they accurate?
2007-01-20 13:47:28 · 5 answers · asked by Cricket 2 in Business & Finance ➔ Taxes ➔ United States
It's the interviewer. One is simply data entry while the other has a thorough interview and can apply appropriate deductions or credits. Go to an H&R Block and ask your preparer to explain the outcome of your return. And how did they get their numbers.
2007-01-20 13:55:27 · answer #1 · answered by Successy Lady 1 · 0⤊ 0⤋
One other thought is perhapse was there simply a typo in the data entry of the W2? Specifically, look at the amount of state tax withheld or the amount of income taxible to the state. If you pull up both forms you should be able to see the line #'s that are different. It's also possible that one program or the other picked up on some state tax credits or automatically deduced some income based on answers previously given (ie, in one program you have to list an adjustment to income for bank interest from an approved state bank, the other one assumed it based on your 1098 int statment).
If you can give more information, specifically which state and where the differences are.
2007-01-20 14:20:47 · answer #2 · answered by edandyvonnemoore@sbcglobal.net 3 · 0⤊ 0⤋
Are you sure you're using the 2006 version of each one? The rules were different for previous years, and the updates on the websites will only update the current year version, not previous years. And also, make sure that your software is updated for the latest updates for the current year - they're on the website. These updates include changes that were made to tax rules after the software was produced.
If you're using current versions, then one of them is wrong. From your question, I assume the fed comes up the same, just the state is different. Please post more info here re state, amounts, etc. Thanks.
2007-01-20 14:12:44 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
For applications of the educational and costs deduction, qualified education fees are training and particular appropriate fees required for enrollment or attendance at an eligible academic corporation. Room and board is in no way coated. it is genuine in spite of if the quantity must be paid to the corporation as a circumstance of enrollment or attendance.
2016-12-12 16:25:20 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Ya know I had the exact same thing happen to me too. What the heck is up with that
2007-01-20 13:50:48 · answer #5 · answered by chloe3305 1 · 0⤊ 0⤋