☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 7, 2019 3:06:11 PM

If I won 150k and the irs took 37k for taxes,could I get some of that back when I file?

0 3 546
1 Best answer
Level 15
Jun 7, 2019 3:06:12 PM

That depends upon filing status, other income, deductions, credits, etc.  Try this Federal tool:

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

http://fairmark.com/general-taxation/reference-room/2016-tax-rate-schedules/

Consider your state taxes as well.

3 Replies
Level 15
Jun 7, 2019 3:06:12 PM

That depends upon filing status, other income, deductions, credits, etc.  Try this Federal tool:

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

http://fairmark.com/general-taxation/reference-room/2016-tax-rate-schedules/

Consider your state taxes as well.

Level 9
Jun 7, 2019 3:06:13 PM

So it is possible that you could get some back, but it is also possible that you may OWE more.

Level 15
Jun 7, 2019 3:06:15 PM

That was just an estimated amount.  Like withholding out of your paychecks.  You have to add the full gross amount to your income and figure the total tax then subtract all your withholding to get the tax due or refund.