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I need help with why return is so low. I claim 0 and am

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I need help with...

I need help with why return is so low. I claim 0 and am single.

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

I made $66235 and federal deductions were $9612. No dependents. Paid $1023 in student loan interest.

Submitted: 1 month ago.Category: Tax
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3/9/2018
Tax Professional: Barbara, Enrolled Agent replied 1 month ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,794
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

What is your refund amount?

Based on the information you provided your tax liability is $9442.

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Customer reply replied 1 month ago
The refund amount from federal is $152 and state is $66. I reside in ca.
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

Those refund amounts are correct based on your income and tax withheld.

If you want a larger refund when you file your tax return, you can have an additional amount taken out of your paycheck each pay period.

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Customer reply replied 1 month ago
I claim zero now. How could I deduct more? I’m single. I don’t understand.
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

You can have an additional amount deducted.

See the following at Line 6:

https://www.irs.gov/pub/irs-pdf/fw4.pdf

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Customer reply replied 1 month ago
My friend who makes the same as I do is getting $2400. Same job. Same deductions.
Customer reply replied 1 month ago
This chat isn’t helping.
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

His circumstances may be different than yours.

Same filing status as you?

Does he have extra taxes withheld?

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Customer reply replied 1 month ago
I paid nearly $10,000 in taxes and am only getting $152. That makes no sense. I’ve never gotten this little back before.
Customer reply replied 1 month ago
Same exact status. No extra withholding
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

I ran the numbers at my end, and based on the information you provided, they are correct.

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Customer reply replied 1 month ago
Why is it only $152? It doesn’t make any sense.
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

Your tax liability on 65212 (66235 minus 1023) is $9442.

Your refund amount is just about right.

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Customer reply replied 1 month ago
I don’t understand what that means. So the $154 comes from $9442?
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

That means that based on your TAXABLE INCOME of 65212, the taxes due on that amount is $9442.

You had $9612 withheld.

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Customer reply replied 1 month ago
Okay but I’m wondering why my return is only $154?
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

As I have previously mentioned, the tax on your income is $9442. You had $9612 withheld (what you paid). The difference is your refund.

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