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mercurianacinony

Level 1

Question

Savings interest

Forum|Forum|2 years ago
April 14, 2024
2 replies
42 views

I had 11.03 of saving's interest earned and im on a ~$43k yearly gross income. I did my return for this year and it didnt seem like I had to pay anything at the end of doing my online tax return. Was that a mistake or because the amount was so low I didnt have to pay anything back?

Level 14

We're unable to view your tax return in this forum, so we can't determine what your taxable income is and if you should get a refund or owe.

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Level 15

when your taxable income is below $100,000 the tax tables are used. They are in $25 increments so the extra $11 might not have moved you to the next higher increment.

Mike9241