@elyse12a wrote:
Yes, filing single. 2021 wages: 40,081, Federal with held: 3,170 = Federal refund: 66. So. you're saying that this seems accurate?
Yes it would be accurate.
As your income increases you move into a tax bracket which taxes your income at higher rates.
Your taxable income is taxed at 10% from $0 to $9,950.
Your taxable income is taxed at 12% for the amount $9,951 to $40,525
