Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

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

Customer Question
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: 4 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 8 minutes by:
3/9/2018
Tax Professional: Barbara, Enrolled Agent replied 4 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,424
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

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.

Ask Your Own Tax Question
Customer reply replied 4 months ago
The refund amount from federal is $152 and state is $66. I reside in ca.
Tax Professional: Barbara, Enrolled Agent replied 4 months 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.

Ask Your Own Tax Question
Customer reply replied 4 months ago
I claim zero now. How could I deduct more? I’m single. I don’t understand.
Tax Professional: Barbara, Enrolled Agent replied 4 months ago

You can have an additional amount deducted.

See the following at Line 6:

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

Ask Your Own Tax Question
Customer reply replied 4 months ago
My friend who makes the same as I do is getting $2400. Same job. Same deductions.
Customer reply replied 4 months ago
This chat isn’t helping.
Tax Professional: Barbara, Enrolled Agent replied 4 months ago

His circumstances may be different than yours.

Same filing status as you?

Does he have extra taxes withheld?

Ask Your Own Tax Question
Customer reply replied 4 months 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 4 months ago
Same exact status. No extra withholding
Tax Professional: Barbara, Enrolled Agent replied 4 months ago

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

Ask Your Own Tax Question
Customer reply replied 4 months ago
Why is it only $152? It doesn’t make any sense.
Tax Professional: Barbara, Enrolled Agent replied 4 months ago

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

Your refund amount is just about right.

Ask Your Own Tax Question
Customer reply replied 4 months ago
I don’t understand what that means. So the $154 comes from $9442?
Tax Professional: Barbara, Enrolled Agent replied 4 months ago

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

You had $9612 withheld.

Ask Your Own Tax Question
Customer reply replied 4 months ago
Okay but I’m wondering why my return is only $154?
Tax Professional: Barbara, Enrolled Agent replied 4 months 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.

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
586 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I filed my 2017 with 2 dependents: #1: DOB- 07/17/95,
I filed my 2017 with 2 dependents: #1: DOB- 07/17/95, attended college for 1/2 yr. and graduated in June 2017. I paid his tuition, support and paid on his student federal loan. His reported earnings f… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,172 satisfied customers
I am a student on F1 visa at NYU in New York City. I am
I am a student on F1 visa at NYU in New York City. I am filing a return for 2017. I am from India. I have student loans from a recognized Bank in India that I have paid Interest to. Can I claim Studen… read more
Barbara
Barbara
Enrolled Agent
6,424 satisfied customers
Who could claim student loan interest, the mom or the son?
who could claim student loan interest, the mom or the son? the type of student loan is Direct Parent Plus loan on behalf of a son/daughter. US Dept of Education issue Form 1098-E, the social security … read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,134 satisfied customers
1098-E Student Loan Interest. 2015 1040 extension. I'm
1098-E Student Loan Interest. 2015 1040 extension. I'm listed as Borrower. Loan was for my daughter; was a dependent at the time she was a student. Is this deductible?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
As I will enter the U.S. moving to NYC on a TN visa
Hi, As I will enter the U.S. moving to NYC on a TN visa June 15th, 2016, I will file my W4 and IT-2104 as a resident alien. I am single Canadian with no dependents. I will start work July 1st, 2016, w… read more
Barbara
Barbara
Enrolled Agent
6,424 satisfied customers
I am new to doing my taxes and am wondering... If I am
Hello, I am new to doing my taxes and am wondering... If I am taking a standardized deduction of $6,300 and have contributed $13,219 in Federal Withholding, why is my refund only $2,381?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I'm paying off a student loan that I co-signed. Can I claim
I'm paying off a student loan that I co-signed. Can I claim the interest on the loan payments I'm making on my income tax.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I am paying a student loan that I took out for my daughter.
I am paying a student loan that I took out for my daughter. I am divorced and am not the custodial parent. Am I able to deduct the interest on this note?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
My son has ~115,000 in student loans from his law degree.
My son has ~115,000 in student loans from his law degree. He makes ~ $100,000/year now. Can he write off the interest on his student loans in a similar fashion that you can write off mortgage loan exp… read more
Dave CPA
Dave CPA
Master\u0027s Degree
740 satisfied customers
I have been out of school and had problems paying my student
I have been out of school and had problems paying my student loans last year. i never failed to pay on time for anything because my parents helped me. However the loans are under my name (they are cos… read more
Charles Markham
Charles Markham
Principal
Masters Science Taxation
755 satisfied customers
I paid student loan interest in 2009 which I never used as
I paid student loan interest in 2009 which I never used as a deduction on my tax return because I had no taxable income for 2009 & 2010. My question is... Since I do have taxable income in 2011, can I… read more
CGCPA
CGCPA
Owner
Bachelor\u0027s Degree
3,815 satisfied customers
My daughter was 23 last year and a full time student. She
My daughter was 23 last year and a full time student. She worked some but made less than $3200.00. I am claiming her as a dependent on my 2010 federal income tax return this year. She received a 1098-… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
I started working for a hospital (non-profit organization)
I started working for a hospital (non-profit organization) as an RN in July. They have not withheld any federal taxes (when I noticed this several months ago, I resent a W-4 claiming no dependents, an… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,134 satisfied customers
Topic College loan interest I live in state of PA Two
Topic: College loan interest I live in state of PA Two of my children have federal and private college loans. I am trying to help them by paying the interest that accumulates while they are in school … read more
Jacy
Jacy
Bachelor\u0027s Degree
567 satisfied customers
AS A PARENT AND COSIGNOR OF SEVERAL COLLEGE STUDENT LOANS,
AS A PARENT AND COSIGNOR OF SEVERAL COLLEGE STUDENT LOANS, CAN I DEDUCT THE INTEREST? THE 1098E'S ARE IN MY CHILDRENS NAME, HOWEVER, REPAYMENT IS BEING MADE BY MYSELF AS COSIGNOR.… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,134 satisfied customers
can a grandparent claim the student loan interest expense for
can a grandparent claim the student loan interest expense for grandchild, if they cosigned for the loan and are making the payments, even if the grandchild is not a dependent? need a legal site for th… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,134 satisfied customers
my father pays my student loans, he did not claim interest
my father pays my student loans, he did not claim interest paid due to his income. Can I claim them? the turbo tax guide ask if you or your parents paid interest for student loans in 2009. I am fillin… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Hello. I am in the state of MD and I want to know...If my dad
Hello. I am in the state of MD and I want to know...If my dad were to pay off one of my student loans would he get tax benefits from that? I do know that he earns around 150,000 per year and I know th… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x