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How is it possible to get a federal tax refund larger than the federal tax that was withheld?
Wiki User
∙ 11y ago
Married tax credit and children's tax credits can cause a refund to be larger than what was withheld.
Wiki User
∙ 11y ago
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Can you file taxes if you are 18 with a gross income of 800.00?
Sure you can and it is possible that you would want to if you had any federal income tax withheld from your gross income because it is possible that you be due a refund of the FIT amount that was withheld.
Is a federal tax refund taxed?
No its not taxed. When you receive your refund, you will notice that their nothing withheld from your refund of any sort. You definitely do not have to report your refund to the IRS-its your money that you earned.
What if tax due is larger than tax withheld?
If your tax witheld is larger than the tax due, you receive a refund
How do you get a us tax refund?
By having some income withheld from your worldwide income and then filing an income tax return to claim a refund of some of the amount that may have been over withheld. More than your federal income tax liability on all of your gross worldwide income.
W-2 under 200.00 require to file?
Not if you do NOT have any other amounts of gross worldwide income from any other sources. If any federal income tax was withheld you could choose to the 1040 federal income tax return and get a refund of the withheld FIT amount.
Will you get a refund if your federal tax refund amount is larger than the amount of a delinquent student loan?
Yes this is possible
Can you file taxes if you are 18 with a gross income of 800.00?
Sure you can and it is possible that you would want to if you had any federal income tax withheld from your gross income because it is possible that you be due a refund of the FIT amount that was withheld.
Is a federal tax refund taxed?
No its not taxed. When you receive your refund, you will notice that their nothing withheld from your refund of any sort. You definitely do not have to report your refund to the IRS-its your money that you earned.
What if tax due is larger than tax withheld?
If your tax witheld is larger than the tax due, you receive a refund
Income tax withheld from each paycheckand sent to the state or federal government?
You do NOT have any amount that is withheld from your net take home paycheck after it is issued to you. The amount that is withheld is calculated on your gross earnings for the pay period and is a advance payment of your possible future income tax liability. After your income tax return is completed correctly and IF the amount that is withheld is more than your federal or state income liability then you will receive a refund of the over withheld amount.
What if tax withheld is larger than the tax due?
If your tax witheld is larger than the tax due, you receive a refund
How do you get a us tax refund?
By having some income withheld from your worldwide income and then filing an income tax return to claim a refund of some of the amount that may have been over withheld. More than your federal income tax liability on all of your gross worldwide income.
If your w2's say you made 67 dollars can you file for a tax refund?
If you made 67 dollars, what kind of tax refund do you think you might be entitled to receive. If you had a small amount of federal or state tax withheld, you may file to get this back, but that is the only tax refund you will receive. You probably did not have any taxes withheld on $67.
W-2 under 200.00 require to file?
Not if you do NOT have any other amounts of gross worldwide income from any other sources. If any federal income tax was withheld you could choose to the 1040 federal income tax return and get a refund of the withheld FIT amount.
Can you file taxes at 17 years old?
Yes you can file a federal income tax return and if you had a employer and you were an employee if any federal income tax was withheld from your gross earnings wages it is possible that you could get a refund of some or all of the FIT that was withheld. It is possible that a taxpayer can meet the MUST FILE A FEDERAL INCOME TAX RETURN at any age. If you are a dependent on an another taxpayers income tax return and unearned income of more than 950 and would be required to pay some federal income tax on the amount. Or if your are a self employed taxpayer and have a NET profit from your business operation it is possible that you would be required to file a 1040 Federal income tax return.
Do you need to file an income tax return if you earned 5489.86?
Yes this is very possible. The type of earned income your filing status and even a possible refund of any withheld income taxes.
If a minor earns income does she have to report the income to the I R S?
Yes and if any federal income tax was withheld from the earned income the minor could possibly receive a refund of some of the withheld FIT amount IF the minor files a federal 1040 income tax return and it is completed and filled out correctly and signed by the minor.
