Quote:
Originally Posted by Mountaindewed
Ok. Well maybe I don’t know how they work. My W2 says I paid $800 in taxes last year. I thought it was like the lottery and if I made $11,000 then about $3,500 would have been taken out for taxes. Not just $800.
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No....even what you are thinking is not how it works. Your W2 indicates how much was withheld from your check to cover taxes you may owe at the end of the year. It is NOT how much you OWE in taxes. As a matter of fact if you only earned $11,000 you probably owe no taxes unless you have some other income you get. Basically when your taxes are calculated for 2018, the government will have to repay you what you overpaid (maybe the whole $800)