Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Any Tax professionals here?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="CHenry" data-source="post: 2718104" data-attributes="member: 6281"><p>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?</p><p>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?</p></blockquote><p></p>
[QUOTE="CHenry, post: 2718104, member: 6281"] 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? [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Any Tax professionals here?
Search titles only
By:
Top
Bottom