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Tax Refund

I am a W-2 employee.
I don't have a second job.
My average annual income is $40,000, 50,000 between Taxes are deducted every time I receive my paycheck.
I am single, have no children, and have no other income.
I am a tenant and I pay my bills.
In this situation, how much refund can I expect to receive this year?

 

I received a $275 refund last year, is that normal

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1 Reply
rjs
Level 15
Level 15

Tax Refund

The amount of your refund depends on how much tax was withheld from your pay. You get a refund because the amount of tax that you had withheld is more than the amount of tax you have to pay for the year. You get a refund of the excess withholding. At this point the best way to find out how much your refund will be is to go ahead and prepare your tax return.

 

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