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I don't know anything about taxes
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I don't know anything about taxes

How much is my refund if I'm at 19, made $4,500 last year and live with my parents? Any ideas?
>>
>>1075424
More info, kiddo
>>
>>1075427

This...

But generally speaking your income is so low that you'll get back almost everything you paid in even if they claim you as a dependent.

If they don't claim you as a dependent, you'll get everything back that you paid in.
>>
>>1075427
I literally don't know shit man. I just showed up and money appeared in my bank account every week.


I just know that like 15% of my money went into taxes. I don't even know what a dependent is
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>>1075424
Do you have your W2 yet? Look at the amount withholding category. Since you made so little you'll most likely get all that back.
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>>1075462
Okay guys, so I made $5,600
402 went to fed income tax
81 went to Medicare
350 went to social security

All of it says withheld under it
>>
>>1075489
Just use turbotax, it's free and you get all your money.
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>>1075489
You will get 402 back.
>>
If you made under $10,000 annually, you will get all your Fed tax back. To get state tax back you need to file state taxes.
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>>1075540
But social and Medicare say withheld
>>
>>1075489

You'll get the 402 back.

The Medicare and social security are non refundable. You won't get that back.

You do need to actually file a tax return to get the refund, though.

Also, at 19 you probably should educate yourself on the basics of income tax.
>>
>>1075571
This
>>1075570
Thats what the government takes in preparation, just in case you owe taxes.
The less you owe, the more of the witholdings you will get back
Thread replies: 12
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Thread DB ID: 485205



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