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How is tax refund affected by having a job for only part of the year?
I recently graduated from a PhD program and began working in June. My monthly paychecks have been taxed at the 33% federal rate, but my total gross earnings this year are obviously less than they will be in the future because I only worked for half of 2016. My question is this: Will the fact that I only worked for half of the year affect the size of my tax return (compared to if I had worked the whole year)? Thank you in advance for your help!
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May 31, 2019
6:05 PM