You'll need to sign in or create an account to connect with an expert.
It makes sense based on the information that you gave above that your son would not get 100% of the taxes he paid in returned to him. Mind you, i do not know your son's entire tax situation.
Assuming your son is single and does not have any other deductions, the standard deduction would only reduce his taxable income by $12,000. This means he would owe taxes on the difference between the standard deduction and his wages. So, he would only get back what he paid in less what he actually owed.
That is a basic example based on the assumption I have all the facts.
It makes sense based on the information that you gave above that your son would not get 100% of the taxes he paid in returned to him. Mind you, i do not know your son's entire tax situation.
Assuming your son is single and does not have any other deductions, the standard deduction would only reduce his taxable income by $12,000. This means he would owe taxes on the difference between the standard deduction and his wages. So, he would only get back what he paid in less what he actually owed.
That is a basic example based on the assumption I have all the facts.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
djones7196
New Member
aubzies0920
Level 1
riverrocks
New Member
jayg22
New Member
JOSEPH-Htax
New Member