answersLogoWhite

0

I am not sure what your asking.

Overtime pay, as in any income, is included in the calculation of the tax you owe.

The amount you pay in (withheld from your paycheck and sent in as an estimate of the tax that will be due), is dependent on a number of things, and does NOT change the amount you owe.

the amount if any you have refunded just is the amount you over-estimated in advance payments for the income you actually had to pay tax on.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What information should be included in a journal entry for a tax refund?

A journal entry for a tax refund should include the amount of the refund received, the date it was received, and the account it is being deposited into. It should also note any relevant tax codes or references for tracking purposes.


What is assesment tax?

Assesment of tax means Computation of Tax.


Can you receive s tax refund if you won a million dollars playing the lottery?

Yes. The lotery win is not included in your tax (in most countries) thus if from your paid ernings you are owed a tax refund you should/will get it. Next tax year you will be liable to the intrest earnings on your win.


Where can I find a tax refund schedule online?

A tax refund schedule can be found online at various different site. Some of these include http://www.irs.com/2011-federal-tax-refund-schedule/ as well as http://www.efile.com/tax-refund/where-is-my-refund/. where is my refund


Where can I find the Newark Airport tax refund desk for processing my tax refund?

You can find the Newark Airport tax refund desk for processing your tax refund in the international terminal after passing through security.


Where could I find out about a tax refund loan?

A tax refund loan is a loan that is provided to you until you receive your tax refund. You can pursue this option if you have done your taxes and are expecting a refund.


Why does the court sometimes take the tax refund when a person files a chapter 7 bankruptcy?

A tax refund is considered income/asset belonging to the BK petitioner and is therefore subject to seizure for the repayment of debt. Whether or not the refund can be included in the BK depends upon the time frame of the BK filing vs. the tax refund date and amount, the status of the refund (joint, subject to child support action, etc.) and so forth.


Can you get a tax refund if you did not pay tax?

NO


How Long will take for your tax refund if you owe?

Ahhhhh . . . you do not get a tax refund if you owe. You pay them.


How is the estimated tax refund calculated?

The estimated tax refund is calculated based on the current year's tax codes.


Will Georgia tax your Federal rebate money?

No. Your federal tax is not deductible from your income in determining state taxable income, hence any refund of it isn't included as taxable income.


When filing for the state income taxes do you receive your federal income tax refund as well as your state income tax refund?

No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.