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Which prolific Australian bastman retired in early 2009?

I'm a retired Federal Employee.?

  • My gross/taxable income amount for 2010 was the same as in 2009. The federal tax withheld was essentially the same. Deductions all identical. Refund in 2009 = $2227. Refund caluclated by Turbo tax for 2010 is $1440. Has there been some change in the tax rules that I'm unaware of or is there something wrong with Turbo (keeping in mind, I used Turbo for my filing in 2009). Thank you for any input.

  • Answer:

    Print out both returns and compare them, line by line. That will show where the differences are.

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While the standard deduction and personal exemption stayed the same, the tax brackets widened slightly, so 2010 should have been better not worse. I think you answered a question wrong/differently somewhere.

how would we know what you are unaware of?

I am also retired and my 2010 withholding was $800 less than 2009 due to the making work pay credit (retirees with no earned income do not get to claim). I was surprised when I finished my return and my refund was lower than I expected. I hope that helped.

I have compared the tax rate schedule for 2009 and 2010 and do not see that there is a difference of the $787 you indicate I am referring to the schedules in CCH and altho the 2010 indicates it is the draft of 9/13/2010, there is only $1 difference on income of $33000 for a single person I am sure this is not your status or income but as an example I merely chose any objective amount, married filing joint was $3 difference, etc.

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