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Freakin out! Doing my sons taxes. He's getting back more than he paid in.

Thanks in advance for guidance.  I'll keep it simple.  My son is 24.  He is a Dancer (Backup Dancer for singers / music videos, etc).  He was also a Notary in 2021 doing mobile mortgage signings.  He received three W2's.  #1, income $636 / tax withheld $20.87 .  #2, income $2930 / tax withheld $166.60 .  #3, income $4299.98 / tax withheld $205.20 .   He received two 1099 NEC's.   #1, income $1454 / no tax withheld (this is for a Dance job).  #2, income 1125 / no tax withheld (this is for his Notary Services).

Total W2 income is $7865.  Total tax withheld is $392.67.   Turbo Tax says that his Refund is $1572

I'm just scared that I did something wrong.  I'm a 'by the book' filer.  I don't want to mess with the IRS.  Is this Refund legit?  

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3 Replies

Freakin out! Doing my sons taxes. He's getting back more than he paid in.

Still researching ... I think it's the EIC.  That amount is $1502.  I've never dealt with EIC before so this is new to me.  Is he basically getting a handout because he made little money?

FangxiaL
Expert Alumni

Freakin out! Doing my sons taxes. He's getting back more than he paid in.

It looks like he is getting the maximum EIC. It is a refundable credit. He is getting a credit for working and earning an income. I would not call it a handout. It is a credit that helps a lot of taxpayers and households.

 

@na5kar

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Freakin out! Doing my sons taxes. He's getting back more than he paid in.

Thank you SO MUCH!  I continued reading Turbo Tax help and learned more about EIC.  I haven't qualified for it in the past (according to Turbo Tax), so I didn't have a reason to understand it.  I know ... short sighted.  I didn't mean to offend by calling it a hand out.  I was looking at it from a position of ignorance about the subject, and I was concerned that my son would be cheating the system if I filed based on him getting back more than he paid in.  Thanks again for the help.

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