As I add business expenses and write offs my refund is going down instead of up. Why is that? (2024)

Table of Contents
Do you have an Intuit account? As I add business expenses and write offs my refund is going down instead of up. Why is that? As I add business expenses and write offs my refund is going down instead of up. Why is that? As I add business expenses and write offs my refund is going down instead of up. Why is that? As I add business expenses and write offs my refund is going down instead of up. Why is that? As I add business expenses and write offs my refund is going down instead of up. Why is that? As I add business expenses and write offs my refund is going down instead of up. Why is that? As I add business expenses and write offs my refund is going down instead of up. Why is that? As I add business expenses and write offs my refund is going down instead of up. Why is that? As I add business expenses and write offs my refund is going down instead of up. Why is that? As I add business expenses and write offs my refund is going down instead of up. Why is that? Related Content

As I add business expenses and write offs my refund is going down instead of up. Why is that? (1)

jschlaffer

New Member

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

I cannot for the life of me understand why this would occur

Topics:

  • TurboTax Self Employed Online

posted

‎June 5, 201910:28 PM

last updated‎June 05, 201910:28 PM

1

9

15,226

Bookmark Icon

Connect with an expert

x
As I add business expenses and write offs my refund is going down instead of up. Why is that? (2)

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer


Accepted Solutions

As I add business expenses and write offs my refund is going down instead of up. Why is that? (3)

As I add business expenses and write offs my refund is going down instead of up. Why is that? (4)BarbL

Employee Tax Expert

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

As I add business expenses and write offs my refund is going down instead of up. Why is that?

Generally, this happens when certain credits are involved - most commonly the Earned Income Credit (EIC).

At certain income levels, the amount of EIC will fall as your income decreases. So, with each business expense, you are reducing your taxable income, which will then reduce the amount of your EIC.

If the expenses are generating a business loss, you may be losing child tax credits and child care credits.

If you still have additional income items to enter, the refund amount may go back up when those items are entered.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

‎June 5, 201910:28 PM

2

8

13,759

Bookmark Icon

9 Replies

As I add business expenses and write offs my refund is going down instead of up. Why is that?

Generally, this happens when certain credits are involved - most commonly the Earned Income Credit (EIC).

At certain income levels, the amount of EIC will fall as your income decreases. So, with each business expense, you are reducing your taxable income, which will then reduce the amount of your EIC.

If the expenses are generating a business loss, you may be losing child tax credits and child care credits.

If you still have additional income items to enter, the refund amount may go back up when those items are entered.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

‎June 5, 201910:28 PM

2

8

13,760

Bookmark Icon

As I add business expenses and write offs my refund is going down instead of up. Why is that? (7)

davensally

New Member

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

As I add business expenses and write offs my refund is going down instead of up. Why is that?

This still makes no sense. I have 3 kids.....I was going to get a good refund until I reported my expenses. Now, I am getting nothing. Can I just not report those business expenses?

‎June 5, 201910:28 PM

13,759

Bookmark Icon

As I add business expenses and write offs my refund is going down instead of up. Why is that? (8)

bill1001

New Member

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

As I add business expenses and write offs my refund is going down instead of up. Why is that?

This same thing happened to me, and we aren't eligible for the earned income credit. The only credit we got was 100.00 child tax credit and that didn't change (for 4 kids). I had already entered business expenses and when I went back to another house maintenance expense the refund dropped.

‎June 5, 201910:28 PM

13,759

Bookmark Icon

As I add business expenses and write offs my refund is going down instead of up. Why is that? (9)

davidmon5

New Member

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

As I add business expenses and write offs my refund is going down instead of up. Why is that?

I see a lot of people asking this question this year, and the same happened to me.As I added expenses, my refund decreased.The only answer that seems to be offered is the EITC, which I am nowhere near being eligible for.It seems like there may be a glitch in 2017 TurboTax...

‎June 5, 201910:28 PM

13,759

Bookmark Icon

As I add business expenses and write offs my refund is going down instead of up. Why is that? (10)

mathieuvictor

New Member

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

As I add business expenses and write offs my refund is going down instead of up. Why is that?

I agree, seems to be a massive glitch in TurboTax 2017. Now I'm losing what should have been a higher refund.

‎June 5, 201910:28 PM

13,759

Bookmark Icon

As I add business expenses and write offs my refund is going down instead of up. Why is that? (11)

ericbsyracuse

New Member

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

As I add business expenses and write offs my refund is going down instead of up. Why is that?

To add to this nonsense;
When you can change your mileage 1 mile up or down and this means a difference of $90 .. you know that TurboTax and the Tax Laws have their heads in their rumps.

‎June 5, 201910:28 PM

13,759

Bookmark Icon

As I add business expenses and write offs my refund is going down instead of up. Why is that? (12)

dan12

New Member

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

As I add business expenses and write offs my refund is going down instead of up. Why is that?

I'm looking at this thread because the same thing is happening to me. I add my actual car business expenses and it shows a $5,102 deduction which lower my refund from $1,221 when I had the straight mileage expense of a $1,800 deduction, to now a refund of $766. So it would make sense initially to just go with a straight mileage deduction, I'll save $455 that way. That's crazy.

‎June 5, 201910:28 PM

13,759

Bookmark Icon

As I add business expenses and write offs my refund is going down instead of up. Why is that? (13)

naslade

New Member

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

As I add business expenses and write offs my refund is going down instead of up. Why is that?

I thought I had my taxes all done, then I found a receipt for $5. I increased my expenses by $5 and my refund decreased by $67.

‎June 5, 201910:28 PM

13,759

Bookmark Icon

As I add business expenses and write offs my refund is going down instead of up. Why is that? (14)

ldenning

New Member

  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

As I add business expenses and write offs my refund is going down instead of up. Why is that?

My refund was off by about $400 using the Maryland turbotax module. I had to use HR Block and manual computation to see what the real amount was. I have no EIC, just straight business expenses. Each addition did keep bringing down my state refund.

‎June 5, 201910:28 PM

13,759

Bookmark Icon

Still have questions?

Make a post

Featured forums

Taxes Lower Debt Investing Self-Employed

All topics

As I add business expenses and write offs my refund is going down instead of up. Why is that? (20)

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

As I add business expenses and write offs my refund is going down instead of up. Why is that? (21)

TxHarley

New Member

LLS as Election S corp
As I add business expenses and write offs my refund is going down instead of up. Why is that? (22)

Regencyinc

New Member

Can't Get Turbo Tax to allow entering a new Product Code License
As I add business expenses and write offs my refund is going down instead of up. Why is that? (23)

joemezzojr@gmail

New Member

Whats the best way to file for 20 people?
As I add business expenses and write offs my refund is going down instead of up. Why is that? (24)

ukarlauren

New Member

Other Self-Employment Income, Sales tax snaffu
As I add business expenses and write offs my refund is going down instead of up. Why is that? (25)

tunamochi

Level 1

Post-Tax Medical Insurance Premium paid for Medical Deductions
As I add business expenses and write offs my refund is going down instead of up. Why is that? (2024)
Top Articles
Experiences involving food - Airbnb Help Center
dogwifhat (WIF) Price Prediction 2024-2030: Will the Meme Coin Reach $10 Soon?
Netronline Taxes
Rek Funerals
Western Razor David Angelo Net Worth
Visustella Battle Core
Mndot Road Closures
Best Cav Commanders Rok
Zoebaby222
2135 Royalton Road Columbia Station Oh 44028
Rapv Springfield Ma
C-Date im Test 2023 – Kosten, Erfahrungen & Funktionsweise
Wordscape 5832
Kinkos Whittier
2015 Honda Fit EX-L for sale - Seattle, WA - craigslist
Wisconsin Women's Volleyball Team Leaked Pictures
Dr Adj Redist Cadv Prin Amex Charge
Lazarillo De Tormes Summary and Study Guide | SuperSummary
Plan Z - Nazi Shipbuilding Plans
The Menu Showtimes Near Regal Edwards Ontario Mountain Village
/Www.usps.com/International/Passports.htm
Dwc Qme Database
Chase Bank Pensacola Fl
‘The Boogeyman’ Review: A Minor But Effectively Nerve-Jangling Stephen King Adaptation
Japanese Mushrooms: 10 Popular Varieties and Simple Recipes - Japan Travel Guide MATCHA
Wku Lpn To Rn
Keshi with Mac Ayres and Starfall (Rescheduled from 11/1/2024) (POSTPONED) Tickets Thu, Nov 1, 2029 8:00 pm at Pechanga Arena - San Diego in San Diego, CA
Stephanie Bowe Downey Ca
Past Weather by Zip Code - Data Table
A Grade Ahead Reviews the Book vs. The Movie: Cloudy with a Chance of Meatballs - A Grade Ahead Blog
Car Crash On 5 Freeway Today
Arcane Odyssey Stat Reset Potion
Usf Football Wiki
The Complete Guide To The Infamous "imskirby Incident"
Blasphemous Painting Puzzle
Walgreens Agrees to Pay $106.8M to Resolve Allegations It Billed the Government for Prescriptions Never Dispensed
Ticket To Paradise Showtimes Near Regal Citrus Park
Frommer's Philadelphia & the Amish Country (2007) (Frommer's Complete) - PDF Free Download
How Many Dogs Can You Have in Idaho | GetJerry.com
Pink Runtz Strain, The Ultimate Guide
Academic Notice and Subject to Dismissal
Spreading Unverified Info Crossword Clue
The Sports Academy - 101 Glenwest Drive, Glen Carbon, Illinois 62034 - Guide
Worland Wy Directions
Terrell Buckley Net Worth
5103 Liberty Ave, North Bergen, NJ 07047 - MLS 240018284 - Coldwell Banker
The Largest Banks - ​​How to Transfer Money With Only Card Number and CVV (2024)
Service Changes and Self-Service Options
라이키 유출
Latest Posts
Security Operations Center Market Size Report, 2024 - 2032
Where to get a $50,000 personal loan
Article information

Author: Barbera Armstrong

Last Updated:

Views: 6357

Rating: 4.9 / 5 (79 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Barbera Armstrong

Birthday: 1992-09-12

Address: Suite 993 99852 Daugherty Causeway, Ritchiehaven, VT 49630

Phone: +5026838435397

Job: National Engineer

Hobby: Listening to music, Board games, Photography, Ice skating, LARPing, Kite flying, Rugby

Introduction: My name is Barbera Armstrong, I am a lovely, delightful, cooperative, funny, enchanting, vivacious, tender person who loves writing and wants to share my knowledge and understanding with you.