Question
How can my refund be more than the federal withholding on my W-2?
Answer
This usually happens when some credits you receive are refundable.
Examples of refundable tax credits include:
- Earned Income Credit (EIC)
- Additional child tax credit
- Part of the American Opportunity Credit — Form 8863
- Net Premium Tax Credit
Related Resources
How to Research Your IRS Account
Requesting your tax transcripts is the best way to research your IRS tax account. You can also authorize your tax pro to communicate with the IRS for you.
IRS Notice CP14I – Balance Due
You owe a balance to the IRS. Learn more about IRS notice CP14I and how to address a balance due from the tax experts at H&R Block.
Understanding A Tax Underpayment Penalty
Do you have to pay a tax underpayment penalty? Learn what to do if you underpaid on your taxes. Get tax answers at H&R Block.
