201217
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

smksmom
New Member

If my standard deduction brings my income down to less than 6,000. shouldn't I get all the fed tax I paid back?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
PhyllisG
New Member

If my standard deduction brings my income down to less than 6,000. shouldn't I get all the fed tax I paid back?

It depends.  The taxable income of at least $6,000 still has a tax liability of $603 plus.  If your tax withheld is more than this amount, then you should receive the difference in the taxes that were withheld.  The tax tables are at a graduated rate and are based on your filing status and taxable income.

View solution in original post

1 Reply
PhyllisG
New Member

If my standard deduction brings my income down to less than 6,000. shouldn't I get all the fed tax I paid back?

It depends.  The taxable income of at least $6,000 still has a tax liability of $603 plus.  If your tax withheld is more than this amount, then you should receive the difference in the taxes that were withheld.  The tax tables are at a graduated rate and are based on your filing status and taxable income.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question