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If this is my first time filing taxes why don't I get my money?

How do I get my money?
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Accepted Solutions

If this is my first time filing taxes why don't I get my money?

Not everyone gets a refund.  It mainly depends on how much income you have and how much tax withholding was taken out of your pay.  The withholding is just an estimate to cover the tax on your income.  If you don't have enough withheld then you end up owing on your tax return.   

Your total income is added up.  Then you get to subtract a Standard Deduction (everyone gets) giving you the Taxable Income.   Then the Tax is calculated.  Then the withholding and any credits you qualify for are subtracted from the Tax.  Leaving you with a tax due or refund.  

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AliciaP1
Expert Alumni

If this is my first time filing taxes why don't I get my money?

There are a lot of different situations going into a tax return, even for first-time filers.  Your question isn't as specific as we usually need in order to help out, but you can see Filing Taxes for the First-Timer for more detailed information.  If you have a more specific question you can come back to this thread to ask and we will do all we can to help you!

 

@740ad7fac4f8

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

3 Replies

If this is my first time filing taxes why don't I get my money?

If this is your first time to file a tax return it is probably kind of confusing to you.   Did you enter a W-2?   Or more than one W-2?   What is your filing status?  Are you single?   Can anyone claim you as a dependent?    What "my money" do you think you are not getting?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

If this is my first time filing taxes why don't I get my money?

Not everyone gets a refund.  It mainly depends on how much income you have and how much tax withholding was taken out of your pay.  The withholding is just an estimate to cover the tax on your income.  If you don't have enough withheld then you end up owing on your tax return.   

Your total income is added up.  Then you get to subtract a Standard Deduction (everyone gets) giving you the Taxable Income.   Then the Tax is calculated.  Then the withholding and any credits you qualify for are subtracted from the Tax.  Leaving you with a tax due or refund.  

AliciaP1
Expert Alumni

If this is my first time filing taxes why don't I get my money?

There are a lot of different situations going into a tax return, even for first-time filers.  Your question isn't as specific as we usually need in order to help out, but you can see Filing Taxes for the First-Timer for more detailed information.  If you have a more specific question you can come back to this thread to ask and we will do all we can to help you!

 

@740ad7fac4f8

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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