Why is my refund only $470? - why are my federal withholdings low
I have $ 23,000 and my haircuts are $ 1700 ..
I'm only 20 years in Alaska and I do not know if I do not pay state taxes, but $ 470 seems a little consideration for the repayment of the Fed's $ 1700 ...
Is that correct?
Please help!
Saturday, February 20, 2010
Why Are My Federal Withholdings Low Why Is My Refund Only $470?
5 comments:
23000 $ $ 3650 less offers the standard deduction and exemption of $ 5700, $ 13,650 of taxable income tax is $ 1634, less credit for $ 400, making work pay is $ 1234th
She paid 1700th She paid $ 466, so that's what you get.
It is probably correct. The IRS is working with income. It is likely that more money later this year and went into a tax bracket) (for those with higher incomes take more tax money and gives you less in its statement. The same thing happened last year ..
Come to me, your taxes, do Kitty.
Do you have to pay property taxes, buy a car or suffer from a flood, fire or theft?
You can use a little more if he did. (You do not need to detail for such taxes. This year you can make a calendar of L with a standard deduction.)
Yes, Judy is right on this point. If you want to be able to reduce your tax burden different ways to consider doing so too. Flex-spending accounts, if your job is offered, 401K plans, clothing donation, donate money, etc. Many people are afraid to do what they will call a long way, but sometimes. Make your money work for you ....
Sounds pretty good. To understand you do not have much that is more than normal.
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