@Matt 126 wrote:
I really do not get it... I made 42K paid 4.2k in federal taxes. I took out 4900 due to covid and 10 percent was withheld 490 dollars and I am only getting 600 dollars back... What am I doing wrong.
Your refund depends on ALL of your taxable income on the 1040 form.
Withholding is on the 1040 form line 25 that pays the tax that is on line 24. What is left over is added to your refund.
Look at the 1040 form lines 24 to the end.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
