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yummy93
New Member

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

 
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‎June 4, 2019 10:50 PM
last updated ‎June 04, 2019 10:50 PM
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SweetieJean
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

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‎June 4, 2019 10:50 PM
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SweetieJean
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

‎June 4, 2019 10:50 PM
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