amend

5 replies
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I filed single made 16382. too much for EIC so I know why I didn't qualify for it but I paid 882.00 in federal taxes and only received 464.00 in my return shouldn't I have received the full 882.00? In line 11b my taxable income is 4182.00 my friends is 0 why do I have amount there?

VolvoGirl

Level 15

Your taxable income is your gross income minus the Standard Deduction. The Standard Deduction for Single is 12,200.

16,382-12,200= 4,182 that you pay tax on.

The tax on 4,182 is $418

https://www.irs.gov/pub/irs-pdf/i1040tt.pdf

Regueiro511Author

Level 2

thank you, that was very helpful I got it now

Opus 17

Level 15

The standard deduction is $12,200. Your gross income is $16,382 so your taxable income is $4182. Your federal tax on that is $418, or 10%. If you had $882 in withholding, you should expect a refund of $464 (the amount of withholding that was more than your tax.)

So what's the problem exactly?

Texas Roger

Level 15

You must pay tax on the difference between your income of $16,382 and the standard deduction of $12,200 or $4182. The tax on the $4182 is 10% or $418. So you got the correct amount of refund of $464 from the total of $882 that was withheld.