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Why does it say that I am getting back all the taxes I paid last year?

I'm happy about the news, but I'd hate to get bitten in the butt later on. Don't know if there's something big and obvious that I'm just unaware of, but it has me concerned.

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1 Best answer

Accepted Solutions
Rachel_W
Expert Alumni

Why does it say that I am getting back all the taxes I paid last year?

If you are getting back all of the federal and state taxes you paid in last year, that means that your tax liability was zero.   

If you are using the Single filing status and are under the age of 65 claiming yourself and no other Dependents, you should receive a refund of all of your federal and state taxes if your income was under $10,400.

Check out this TurboTax FAQ for more info:

https://ttlc.intuit.com/replies/3302274

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1 Reply
Rachel_W
Expert Alumni

Why does it say that I am getting back all the taxes I paid last year?

If you are getting back all of the federal and state taxes you paid in last year, that means that your tax liability was zero.   

If you are using the Single filing status and are under the age of 65 claiming yourself and no other Dependents, you should receive a refund of all of your federal and state taxes if your income was under $10,400.

Check out this TurboTax FAQ for more info:

https://ttlc.intuit.com/replies/3302274

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