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So if your federal income tax withheld is 2000.00, why can’t we claim that as our refund?

Why does TurboTax cut it in half so we only get half the federal income tax back
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2 Replies

So if your federal income tax withheld is 2000.00, why can’t we claim that as our refund?

You don't always get it all back.  Otherwise you wouldn't need to have any taken out and wouldn't need to file a return at all.  If you make over 12,200 for Single you owe tax on the amount over 12,200 (24,400 for Joint).  Then you get credit for the withholding on 1040 line 17.  You only get the difference back.

So if your federal income tax withheld is 2000.00, why can’t we claim that as our refund?

If everyone got everything back, how would the govt have any money to operate?

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