topic Why am i not getting my full refund amount of taxes I paid back? in After you file https://ttlc.intuit.com/community/after-you-file/discussion/why-am-i-not-getting-my-full-refund-amount-of-taxes-i-paid-back/01/133414#M23539 I've only made 12k this year and they are taking $500 out of my refund amount. why? Im 20 years old, supporting myself, i live alone. <BR /><BR />&nbsp;my mom claimed me on her taxes, is that why? Sat, 01 Jun 2019 06:33:59 GMT kalayna 2019-06-01T06:33:59Z Why am i not getting my full refund amount of taxes I paid back? https://ttlc.intuit.com/community/after-you-file/discussion/why-am-i-not-getting-my-full-refund-amount-of-taxes-i-paid-back/01/133414#M23539 I've only made 12k this year and they are taking $500 out of my refund amount. why? Im 20 years old, supporting myself, i live alone. <BR /><BR />&nbsp;my mom claimed me on her taxes, is that why? Sat, 01 Jun 2019 06:33:59 GMT https://ttlc.intuit.com/community/after-you-file/discussion/why-am-i-not-getting-my-full-refund-amount-of-taxes-i-paid-back/01/133414#M23539 kalayna 2019-06-01T06:33:59Z Yes, that would be the reason.  When you are single and n... https://ttlc.intuit.com/community/after-you-file/discussion/yes-that-would-be-the-reason-when-you-are-single-and-n/01/133422#M23541 <P><B>Yes, that would be the reason.</B> &nbsp;When you are single and not being claimed as a dependent, the IRS allows you to deduct a standard deduction of $6,300 and a personal exemption of $4,050 from your income. &nbsp;So, if you made about $12,000 then the first $10,350 of your income would not be taxed at all. &nbsp;When you are claimed as a dependent, your personal exemption goes to the person that is claiming you. &nbsp;So, now you would only get to deduct $6,300 from your $12,000, meaning you are paying tax on almost $6,000 of income now, which is why you are receiving less of your withholding back (because it is being used to pay this tax).</P> Sat, 01 Jun 2019 06:34:01 GMT https://ttlc.intuit.com/community/after-you-file/discussion/yes-that-would-be-the-reason-when-you-are-single-and-n/01/133422#M23541 AnthonyC 2019-06-01T06:34:01Z
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topic Why am i not getting my full refund amount of taxes I paid back? in After you file
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https://ttlc.intuit.com/community/after-you-file/discussion/why-am-i-not-getting-my-full-refund-amount-of-taxes-i-paid-back/01/133414#M23539
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I've only made 12k this year and they are taking $500 out of my refund amount. why? Im 20 years old, supporting myself, i live alone. <BR /><BR />&nbsp;my mom claimed me on her taxes, is that why?
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Why am i not getting my full refund amount of taxes I paid back?
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https://ttlc.intuit.com/community/after-you-file/discussion/why-am-i-not-getting-my-full-refund-amount-of-taxes-i-paid-back/01/133414#M23539
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I've only made 12k this year and they are taking $500 out of my refund amount. why? Im 20 years old, supporting myself, i live alone. <BR /><BR />&nbsp;my mom claimed me on her taxes, is that why?
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Yes, that would be the reason.  When you are single and n...
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https://ttlc.intuit.com/community/after-you-file/discussion/yes-that-would-be-the-reason-when-you-are-single-and-n/01/133422#M23541
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<P><B>Yes, that would be the reason.</B> &nbsp;When you are single and not being claimed as a dependent, the IRS allows you to deduct a standard deduction of $6,300 and a personal exemption of $4,050 from your income. &nbsp;So, if you made about $12,000 then the first $10,350 of your income would not be taxed at all. &nbsp;When you are claimed as a dependent, your personal exemption goes to the person that is claiming you. &nbsp;So, now you would only get to deduct $6,300 from your $12,000, meaning you are paying tax on almost $6,000 of income now, which is why you are receiving less of your withholding back (because it is being used to pay this tax).</P>
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<pubDate>Sat, 01 Jun 2019 06:34:01 GMT</pubDate>
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<dc:creator>AnthonyC</dc:creator>
<dc:date>2019-06-01T06:34:01Z</dc:date>
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