IRS.com is a privately owned website.

Why is my New York State tax refund amount different from what I calculated?

Were you surprised when you calculated your New York state tax refund status? You might have thought it was way too high but were excited anyway. You started making plans for all that cold hard cash. It was practically spent in your mind.

However, you may have gotten excited for no reason. You may have in fact miscalculated your New York state tax refund status. This means you’ll be in for a nasty shock when you actually get your check in.

How could this happen to your New York state tax refund status? Let’s take a look at your return.

Calculations
What form did you use? The longer the form, the more calculations you have. The more calculations you have, the more likely you’re going to goof something up. It’s not that you’re bad at math; it’s just that mistakes happen which could lead to issues with your New York state tax refund status.

Are you using the 1040-EZ? You’re in luck. It shouldn’t take too long to complete and get your New York state tax refund status. The formulas to figure out are limited and the possibility of goofs are limited. Now consider the 1040. You’ll most likely have multiple W2s. Also tack on deductions and exemptions and you have more room for error! All this can lead to problems with your New York state tax refund status.

Receipts and Proof
Speaking of deductions and exemptions, consider all the proof you need to give to your state tax office when taking deductions and such. Everything you claim you need to back up. One little slip up on this can lead to a major delay on your New York state tax refund status.

It could even lead to an audit! You want to talk about delays? An audit can lead to more than you not getting your New York state tax refund status money for a while. It could mean fines and problems with future taxes. This means you could not only have a delay on your New York state tax refund status money this year, you could have problems with it next year, too!


You May Also Like