I make less than 30k a year, why do I still owe the federal government $600 after the standard deduction? (2024)

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I make less than 30k a year, why do I still owe the federal government $600 after the standard deduction? (2)

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I make less than 30k a year, why do I still owe the federal government $600 after the standard deduction?

How much you owe or receive as a refund is a function of your total tax liability in comparison to how much you had withheld from your paycheck over the year. How much you have withheld each paycheck is a function of your earnings and what you claim on your W-4.

If you owe money, it is due to not having enough withheld during the year to cover your tax liability. You can revisit your W-4 with your payroll department to adjust your withholding accordingly.

Check out our W-4 calculator here:https://turbotax.intuit.com/tax-tools/calculators/w4/

‎June 1, 201911:55 AM

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I make less than 30k a year, why do I still owe the federal government $600 after the standard deduction? (2024)
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