- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How is it possible that only $40 in taxes was taken out on over $4,000.00 earned income?
Topics:
2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
Still have questions?
Make a post
Or browse the Forums