Answer The most likely reason for the smaller refund despite the higher salary is that you are now in a higher tax bracket. And you likely didnt adjust your withholdings for the applicable tax year.
Tax Refunds 2022 Why did you only get half of your tax return? - MARCA
31/03/2022 — One of the more common reasons why your tax refund may be less is because you earned more money last year than you remember as compared to 2020 ...
Dont count on that tax refund yet. Why it may be smaller this year - CNBC
03/01/2022 — Single borrowers above $85000 or couples filing together over $170000 arent eligible. Its significant for lower to middle-income filers ...
Some tax filers shocked by smaller than expected refunds
09/03/2022 — Your federal income tax refund could be smaller because of some past debt thats owed. The Treasury Offset Program is able to immediately reduce ...
Tax Season Refund Frequently Asked Questions | Internal Revenue Service
Its been longer than 21 days since the IRS received my return and I havent gotten my refund. Why? (updated July 7 2022). Some tax returns take longer to ...
Ways to Increase Your Tax Refund You Never Thought About - TurboTax
26/07/2022 — Claiming credits such as the Child Tax Credit and the Other Dependent Credit will decrease the amount of your withholding; Adjusting for more ...
Americans are worried about smaller tax refunds. They may have reason ...
25/02/2022 — In 2021 the IRS received 169 million individual returns and issued 129 million refunds according to agencys data. So far in 2022 the IRS ...
Why Is My Tax Refund So Low? - Bookkept
At tax time it is quite likely that they have not paid a sufficient amount of tax throughout the year; as a result they may receive a tax return that is much ...
Why Is My Tax Return So Low in 2021? | H&R Block
“Why is my tax refund so low in 2021?” · You didnt withhold your unemployment income · You worked fewer hours or you have some employment gaps · No estimated ...
Guide to filing your taxes in 2022
22/07/2022 — Its not too late to file your tax return ... you could be eligible to receive the following as part of your tax refund $1400 for a single ...