Do students get all Federal Income Tax withheld back?
No. Being a student doesn't make a difference. If you make enough income you owe tax on it. And it depends if you are a dependent on someone else's return. Lots of things affect it. But being a student doesn't count.
Do students get all Federal Income Tax withheld back?
No. Being a student doesn't make a difference. If you make enough income you owe tax on it. And it depends if you are a dependent on someone else's return. Lots of things affect it. But being a student doesn't count.
Do students get all Federal Income Tax withheld back?
Yes then more of your income will be taxable. You only can deduct the Standard Deduction of 6,300. You do not get your own 4,000 personal exemption because they get it.
Exemptions and deductions are subtracted from your income before the tax is calculated so you get taxed on a lower amount. But you don't get the exemption.
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