tax return mistakes?

Question

I used turbo tax this year and i normally pay a tax person. I got about 1500.00 more of a return this year using turbotax and my income was about the same as last year but this year i have deductions and last year i didn't. I am wondering if this sounds right? I just don't want to get too much back and end up owing next year too much.

Answer 1

This year's tax return won't affect next year's. They are separate. You might, however, get a letter in the mail asking for money back, though, but it can come anytime. Just double check your figures. If they are all correct, don't worry about it.

Answer 2

what do you mean by "just got his tax return and federal taxes withheld was only $15?" he should have received a form W-2 from his employer showing total taxable wages and taxes withheld. if this is what you meant, then yes, it seems like a mistake. if they were prepared manually then maybe its the employer's fault. usually payroll companies like Paychex, etc. would not make a mistake like this. tell your fiance to visit the HR dept or whoever is in charge of payroll at work and discuss this before preparing your tax return. if there is a mistake on the W-2, the employer/payroll company MUST issue a corrected one. you can technically use his last paystub of the year to figure out total wages and taxes, but if the W-2 is wrong, then that means the IRS has a copy of an incorrect W-2. so if you report different amounts on your tax return than what the existing W-2 has, the IRS will send you a tax notice before issuing any refund. so its important that he receive a corrected W-2 before filing his taxes. by the way, your fiance is NOT entitled to claim your daughter as a dependent b/c she is not his qualified child, nor his qualified relative. she is YOUR qualified child, even though your fiance may provide a home and all of her support.

Answer 3

Depends on what those deductions were, and how much they were, and your total income, and whether you had about the same amount withheld this year as last year, among other things. I could be right, but you don't give enough info to tell.

Answer 4

Depending on the difference in your deductions and exemptions, a few hundred dollars in deductions could move you into a lower tax bracket. An extra exemption could too. Less adjusted gross income = less tax and lower rate of tax.

Answer 5

If you got more than what you suppose to get your gonna have to pay it back. Just because you made that small mistake the IRS is going to audit you.You should of had a tax prepare do your taxes.

Answer 6

Not enough info.

Answer 7

anythings possible. but theres no way near enough info to tell.