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acostcz
New Member

Do students get all Federal Income Tax withheld back?

 
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VolvoGirl
Level 15

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.

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VolvoGirl
Level 15

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.

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acostcz
New Member

Do students get all Federal Income Tax withheld back?

Thanks! If I am a dependent on someone else's return, does that make any difference?
VolvoGirl
Level 15

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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