turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

I made 24,000 and I only get back 4000 why is that

 
Connect with an expert
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 Reply

I made 24,000 and I only get back 4000 why is that

So what's the issue? If you are single, you should have had about $2,800 in federal taxes taken out of your paycheck for your annual gross income of $24K.  After taking out the exemption and standard deduction, the taxable income would be about $13,650 for a tax of about $1,600.  That you got a refund well more than the $1,200 difference between what was withheld and what was calculated tells me you also got well more than expected, perhaps due to some credit that reduced your tax bill by about another $2,400.  As we in this forum have no access to your return, a very good thing, you'll need to check your return yourself to see where the extra refund came from.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies