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lwlbae0618
New Member

How is it possible that only $40 in taxes was taken out on over $4,000.00 earned income?

 
2 Replies
pk
Level 13
Level 13

How is it possible that only $40 in taxes was taken out on over $4,000.00 earned income?

it is possible -- based on your filing status  and AGI , it is quite possible that the marginal income of $4000  produced only $40 total tax before credits.  Need more details to answer the question

KaseyO
New Member

How is it possible that only $40 in taxes was taken out on over $4,000.00 earned income?

Last year tax withholdings were lowered, so you may have seen more money in your paycheck throughout the year in 2018. This would reflect a lower amount being withheld.

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