Solved: I’m confused on how from a 12,000 overall to me Only getting 542 can you please explain?
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

I’m confused on how from a 12,000 overall to me Only getting 542 can you please explain?

 
1 Best answer

Accepted Solutions
Highlighted
Level 15

I’m confused on how from a 12,000 overall to me Only getting 542 can you please explain?

You may have seen "Tax Breaks" such as Personal Exemptions and the Standard deduction. These are subtractions from income, before the taxes are calculated. They are not tax credits or refunds.

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

View solution in original post

1 Reply
Highlighted
Level 15

I’m confused on how from a 12,000 overall to me Only getting 542 can you please explain?

You may have seen "Tax Breaks" such as Personal Exemptions and the Standard deduction. These are subtractions from income, before the taxes are calculated. They are not tax credits or refunds.

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

View solution in original post

Privacy Settings