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AlexSomewhere
New Member

If my federal tax witheld is less than the standard deduction why does it say I owe money?

 
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‎June 1, 2019 11:21 AM
last updated ‎June 01, 2019 11:21 AM
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tygrtchr
Level 7

If my federal tax witheld is less than the standard deduction why does it say I owe money?

The standard deduction is subtracted from your INCOME.  It  reduces your amount owed owed by the percentage of the tax bracket you are in.

The federal tax withheld is part of your TAXES PAID.  

‎June 1, 2019 11:21 AM
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