Why aren't I receiving a full refund? I am a full time student and dependent
I go to school full time and work to supplement my income, when I entered my W-2 information it informed me I probably wouldn't receive the full amount of my federal income taxes withheld, why is that?
01147
1 Replies
xmasbaby0
Level 15
Jun 1, 2019 10:38:27 AM
Students are not exempt from paying taxes, although that seems to be a pretty popular myth among students. Since you are a dependent then your standard deduction was possibly less than $12,000 and you do not get all of the tax withheld back.