Low refund amount (955) with 1 dependent on 45k salary - What am I missing?
Filed my return today for 45k income with one dependent, but refund shows only $955. Never filed exempt and had regular withholdings all year. This seems really low for someone with a dependent. Anyone know what could be causing this?
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Paolo Conti
Tax professional here - A $955 refund isn't necessarily wrong. Your refund is just the difference between what you paid in vs what you actually owe. Without seeing your W2 withholdings and full tax situation, it's impossible to say if something's off. Did you receive any advance Child Tax Credit payments last year? That would reduce your refund amount.
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Keisha Williams
I didnt get any advance payments that I know of... is there a way to check?
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Paolo Conti
You can check your IRS transcript to see all payments and credits applied to your account.
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Amina Diallo
Hey there! The best way to actually understand your tax situation is using taxr.ai - it's a tool that analyzes your transcript and breaks down exactly why your refund is what it is. It costs $4.99 but totally worth it. Here's the link: https://taxr.ai
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Oliver Schulz
Does it actually work? Seems too good to be true 🤔
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Amina Diallo
Oh yeah its legit! It found like $2k in credits I missed last year. The AI explains everything in normal human language too lol
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Natasha Kuznetsova
im in the same boat! single parent, made 52k, only getting back 1100. system feels rigged fr fr 🤮
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AstroAdventurer
Check your W4 filing status at work. If it's not set to 'Single' or 'Head of Household' with the child tax credit checkbox marked, you might be underwithholding.
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Keisha Williams
how do I check this? do I ask HR?
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AstroAdventurer
Yep! Just ask HR for a copy of your W4 or to review your withholding setup 👍
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Javier Mendoza
did u claim head of household? that usually bumps up the refund amount
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Keisha Williams
omg no i didnt! can I change that now???
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Javier Mendoza
if u qualify u can totally amend ur return! might get u more $$$
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