Actually this is probably a pretty simple question for some of you. My 17 yo son worked last year, full time in the summer and part time during school. He worked at The Braums farm and a Vet clinic. His total income from Braums was like $5500 and the Vet was $2300 some. The Vet held out 0 federal taxes - I'm guessing cause his 2 week checks were so small. Braums held out $522 in federal tax for the year. I was under the impression that if you make under $10,000 for the year, you pay no federal tax at all. Is this correct?
So hes using turbo tax today and he has entered his Braums W-4 and TT is showing a full refund due of $522. Now he enters his Vet W-4 information and TT showes the return due is now $260 something? Why is that? Shouldnt he get back 100% of his federal witholdings?
So hes using turbo tax today and he has entered his Braums W-4 and TT is showing a full refund due of $522. Now he enters his Vet W-4 information and TT showes the return due is now $260 something? Why is that? Shouldnt he get back 100% of his federal witholdings?