topic Why is my return $15 i had 1,948.93 fed withheld from 31,921.64 in Get your taxes done using TurboTax

Why is my return $15 i had 1,948.93 fed withheld from 31,921.64

tysin20 — Tue, 10 Feb 2026 10:00:05 GMT

Re: Why is my return $15 i had 1,948.93 fed withheld from 31,921.64

VolvoGirl — Tue, 16 Jan 2024 04:51:52 GMT

That's good. Your withholding covered the tax on your income. You should come out close to zero. You got more in your pay checks all year. You shouldn't let the government hold your money all year without paying you interest. Don't think of the IRS as a savings account. It's better than having a tax due and owing more.

Re: Why is my return $15 i had 1,948.93 fed withheld from 31,921.64

VolvoGirl — Tue, 16 Jan 2024 05:08:18 GMT

I looked up the tax table. Your income of $31,922 minus the Standard Deduction 13,850 gives you a taxable income of 18,072. Tax on 18,072 is 1949.00. Same as your withholding . You must have got a $15 Earned Income Credit.