Does my federal tax refund sound correct? Significantly lower than 2010...?
Husband's income- $37,344 (2011) and $37,768.93 (2010)
Federal tax withheld- 316.93 (2011) and 746.04 (2010)
Social security withheld- 1679.31 (2011) and 2478.06 (2010)
Medicare withheld- 579.76 (2011) and 579.55 (2010)
My income- $8551.03
Federal tax withheld- 0.00
Social security withheld- 359.14
Medicare withheld- 123.99
I don't have my W-2 for 2010, but I only worked 4 months as a seasonal employee and made less than $3,000. I am noticing that way more was deducted from my husband's paychecks in 2010 than in 2011 and he hasn't changed his allowances in several years. Is it possible that it took a couple years to kick in? Are we in a higher tax bracket now that we make over $45,000 combined? I tried entering our info on another tax filing site and got the same refund amount on there that I got on Turbotax, so it must be correct but we aren't sure why, and what happened to the $2,000 we're supposed to get for the child tax credit? Any help would be greatly appreciated!