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Get your taxes done using TurboTax
I said they will send you a W2 form in January. And you didn't pay taxes, you had tax withholding taken out. The withholding is just an estimate on how much tax you will owe on your total income.
You enter the full gross income into your tax return.
Then you get to subtract a 12,000 Standard Deduction
That gives you your taxable income
The Tax is calculated on your taxable income
Then you subtract the federal withholding to give you a Refund or more Tax Due.
Everyone gets a Standard Deduction. Which means the first 12,000 of income is tax free.
‎October 25, 2019
6:16 PM