Do I get back all of the additional federal Income Tax withheld?

3 ⤊

Do I get back all of the additional federal Income Tax withheld?

I'm planning on having my job take out extra money but I just wanna know do you get it all back when you file

2007-01-31 02:33:25 · 2 answers · asked by D 3 in Business & Finance ➔ Taxes ➔ United States

2 answers

When you file you will get back whatever exceeds the taxes that you owe. If you have the job withhold extra money and already have enough withheld to pay your taxes you will get all of it back.

2007-01-31 02:42:12 · answer #1 · answered by Gypsy Girl 7 · 2⤊ 0⤋

The IRS would prefer that you have your withholding as close to your correct taxable amount as possible. You can do yourself a great benefit by having that money work for you ie; savings, CD, or even a Roth IRA.
www.irs.gov, "individual", withholding calculator.

good luck & blessing

2007-01-31 02:46:57 · answer #2 · answered by Wood Smoke ~ Free2Bme! 6 · 1⤊ 0⤋