Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.
Thank you for your question, and thanks for using JustAnswer.com. I'm sorry to hear about your loss. The $14,000 that has been withheld is an estimate of the taxes that would be due on the amount at the end of the year. If you have $40,000 of deductions to go against the $40,000 you received, the yes - you would get the $14,000 back when you file your tax return
. So, if you have deductions to offset the income those will be taken into consideration. You aren't necessarily out the $14,000 - it was just an estimate of your withholding
I hope this helps. Please let me know if you need anything additional. Thanks again for using JustAnswer.com and have a great day.
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You should be aware that your question, as with most tax questions, can never really be answered completely...addressing all the permutations; that is because of the many assumptions that have to be made I have done my best to determine what I think you are asking and answering it in the most direct and understandable manner possible. If, however, after reviewing the questions, you have any uncertainties or further questions, please do not hesitate to ask.