You know like if you work you get taxes taken out and then at the end of the year you get some of the money from the taxes back.. which taxes is it?
2007-12-06 11:45:43 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
federal and state income tax. Typically this occurs when deductibles place you in a lower income tax bracket, or you where not employeed for the whole year.
2007-12-06 12:33:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You don't get any taxes back at the end of the year.
Depending on what state you live in is whether you'll get state taxes back, but only if you overpaid. The same goes for federal tax. You have to file a tax return to start the process of getting your overpayments returned to you.
2007-12-06 19:55:16 · answer #2 · answered by annazzz1966 6 · 0⤊ 1⤋
Income taxes - if you have too much taken out during the year so you have paid in more than you really owe, you'll get the overpayment refunded to you.
2007-12-06 21:06:07 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
When you file your income tax returns, you compute the total tax you have to pay. If you have had more than that withheld, you get the difference back. If you have not withheld enough, you must pay the shortfall. Income tax only, not FICA, SDI, etc.
2007-12-06 19:52:01 · answer #4 · answered by npk 7 · 2⤊ 0⤋
Income, if you overpaid either Federal or State you will get
it back.
2007-12-06 19:53:08 · answer #5 · answered by Jane D 2 · 0⤊ 0⤋