Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

Can you help me figure out why I'm not getting much back on my tax returns?

My income was little over 18,000. Federal taken was 985.00. Im trying turbo tax for the first time. It calculates that I'm only getting back $182.00 for federal. That doesn't sound right at all

Top | Newest First | Oldest First

plaguewatcher · M

No, that doesn't seem right. Go back through TurboTax, which I am not familiar with. And make sure you have made every entry correctly. At 18000 one person single basic deductions you should get back more

View 3 more replies »

plaguewatcher · M

No you put both of your W-2s in your same tax return because they both count to your income for the year. You do not file two separate tax returns.

plaguewatcher · M

@swandfriends and just for fun try another free tax site or to like TaxACT online.

swandfriends · 41-45, F

Ugh I'm about to go crazy over this. It doesn't make sense. If I were to file these 2 forms sepearate, the amount of the return looks right, but if I add them on the same form together the amount goes way down.

hlpflwthat · M

That's a ridiculously low amount withheld isn't it? About 5%. Even with the $182 refund you're paying less than 4% of your income to the feds. Can it be 0 at $18K?

emptysoul44 · 41-45, M

It takes out penalty for no insurance or Obama care

swandfriends · 41-45, F

I saw that at first, then I was able to waive it

emptysoul44 · 41-45, M

@swandfriends how

swandfriends · 41-45, F

@emptysoul44 I clicked on a reason. At first it said I had to pay over 500.00 for that, then I waived it, but still only brought my return up to 182.00

softspokenman · M

🎅 Ho, Ho, Ho, Merrrrry Christmas.

Add a comment...