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Get your taxes done using TurboTax
If you work 2000 hours.......
1) $27.46*2000 hours = $54,920
2) subtract $19,400 for the standard deduction = $35,520 taxable income
3) tax liability = $2,842
4) less child tax credit = 4,000 = refund of $1,158
you really don't need to have ANYTHING withheld from your paycheck for federal tax (unless you just want a larger refund at the end of the year). the refund next April should be in the $1000 range (again assuming you work 2,000 hours)
‎July 12, 2022
5:15 PM