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
Preferred Stock vs. Common Stock | Bankrate
Reduce Food Waste Tips For You
Rosy Boa Snake — Turtle Bay
Express Pay Cspire
My Arkansas Copa
Patreon, reimagined — a better future for creators and fans
Chicago Neighborhoods: Lincoln Square & Ravenswood - Chicago Moms
Regal Amc Near Me
CLI Book 3: Cisco Secure Firewall ASA VPN CLI Configuration Guide, 9.22 - General VPN Parameters [Cisco Secure Firewall ASA]
Coverage of the introduction of the Water (Special Measures) Bill
Parks in Wien gesperrt
THE 10 BEST River Retreats for 2024/2025
Big Y Digital Coupon App
Smokeland West Warwick
No Strings Attached 123Movies
Midlife Crisis F95Zone
Directions To 401 East Chestnut Street Louisville Kentucky
Northern Whooping Crane Festival highlights conservation and collaboration in Fort Smith, N.W.T. | CBC News
Bcbs Prefix List Phone Numbers
Lake Nockamixon Fishing Report
Prestige Home Designs By American Furniture Galleries
623-250-6295
China’s UberEats - Meituan Dianping, Abandons Bike Sharing And Ride Hailing - Digital Crew
Unforeseen Drama: The Tower of Terror’s Mysterious Closure at Walt Disney World
Long Island Jobs Craigslist
Pokemon Unbound Shiny Stone Location
Happy Life 365, Kelly Weekers | 9789021569444 | Boeken | bol
Encore Atlanta Cheer Competition
C&T Wok Menu - Morrisville, NC Restaurant
Greenville Sc Greyhound
Surplus property Definition: 397 Samples | Law Insider
Victory for Belron® company Carglass® Germany and ATU as European Court of Justice defends a fair and level playing field in the automotive aftermarket
Papa Johns Mear Me
Cal State Fullerton Titan Online
Intel K vs KF vs F CPUs: What's the Difference?
Sam's Club Gas Price Hilliard
Account Now Login In
Mark Ronchetti Daughters
Red Sox Starting Pitcher Tonight
The Menu Showtimes Near Amc Classic Pekin 14
ShadowCat - Forestry Mulching, Land Clearing, Bush Hog, Brush, Bobcat - farm & garden services - craigslist
Petsmart Northridge Photos
Kelly Ripa Necklace 2022
Craigslist Free Manhattan
Ashoke K Maitra. Adviser to CMD's. Received Lifetime Achievement Award in HRD on LinkedIn: #hr #hrd #coaching #mentoring #career #jobs #mba #mbafreshers #sales…
How To Upgrade Stamina In Blox Fruits
20 bank M&A deals with the largest target asset volume in 2023
Scythe Banned Combos
War Room Pandemic Rumble
Killer Intelligence Center Download
antelope valley for sale "lancaster ca" - craigslist
Www Ventusky
Latest Posts
10 Tips for Online Holiday Gift Guide Pitching
Aflac Supplemental Insurance
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.