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Get your taxes done using TurboTax
What you get back is highly dependent on what you paid in for Federal Taxes (Box 2 of Form W-2). As your income rises, your federal withholding should also rise by at least the same rate. For example, if your withholding last year was 15% of income (Box 2 divided by Box 1 of Form W-2) then this year should be at least the same percentage, preferably a little bit more.
Also keep in mind that as your Wage income increases, so does your tax liability. For example, you have $3,078 more in taxable income this year than you had last year.
‎June 6, 2019
5:55 AM