Erwin wrote:

- quote -

CA has one refundable credit: Child and Dependent Care
Credit.

--
Alan
http://taxtopics.net

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- quote -

Iowa has an EIC: it is 6.5% of the federal EIC. It's not
refundable, though the Iowa child & dependent care credit
is.

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Thanks for the excellent responses.

I was employed for most of 2004, and my AGI was quite low.
My state is California and the refund is also larger than
the witholdings. I'll check out the values and see if an
extra digit or some other problem is causing this.

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- quote -

MN - but we call it the Working Family Credit. for years it
was computed at 10% of the fed EIC, but a couple years back
they bumped it up and use their own WFC (eic) credit tables.
As with the Fed EIC it is limited as AGI increase...

Dave

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Erwin wrote:

- quote -

If you received any Earned Income Credit, that is probably
your answer.

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an_ordinary_guy_158[at]hotmail.com (Bill) wrote:

- quote -

Not an earned income credit - buy NY gives a college tuition
credit even if income is so low that no taxes are due -
resulting in up to $400 payment from the state to the TP.

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- quote -

Welcome to New York. Not only do we have an Earned Income
Credit which is refundable, we also have a Child Care Tax
Credit which is refundable! And our ever popular refundable
Real Property Tax Credit for Homeowners and Renters.

--
Don EA in Upstate NY

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erwinfj[at]hotmail.com (Erwin) posted:

- quote -

I would certainly double-check your W-2 form entries. On
one of our quality reviews, we discovered an additional
digit had been slipped in somewhere, and a 4-figure entry
had turned into 5-figures.

The only way your Federal refund could be higher than your
withholding, is because of the Earned Income Credit and/or
Additional Child Tax Credit. But those are limited to low-
(or relatively low-) income people. If your AGI is above
$35,000, you've undoubtedly made a mistaken entry or two.

But I haven't heard of any _state_ which has the earned
income credit (with the exception of Alaska's PayBack Tax
from oil royalties <G> ).

Bill

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Erwin wrote:

- quote -

There are two refundable credits that can trigger a refund
in excess of withholding: The earned income tax credit and
the additional child tax credit.

--
Alan
http://taxtopics.net

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Earned Income Tax Credit (EITC) can bump up your refund as
$4300, depending on your circumstances. Look on line (Form
1040) 65a and see if there is a figure on that line.

That figure may be the difference for which you are looking.

Missy Doyle

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I am using TurboTax with the latest and greatest updates. I
have triple checked the amounts that I entered. For some
reason TurboTax is telling me that my federal and state
refunds are higher than what was actually withheld on my
W-2s. Is this possible?

I have donated stuff to the salvation army and I have
donated cash to nonprofit groups. I have 2 children in which
I declared the preschool and after school care. I had taxes
and mortgage interest on my house. I also took a credit for
estimated sales tax.

Any help is appreciated.

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