Question

Federal Taxes Werent Taken Out

Forum|Forum|6 years ago
February 14, 2020
1 reply
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I received my W-2 from a part time job. I made 9075.00 and had a total of 63.25 taken for my federal taxes. Most of my paychecks that I took home were under $400. There were 2 times last year that I made over the $400 and that's were the 63.25 came in. I claim all zeros on my W4 because I want the most amount of money taken out. I am also Not Exempt on my form either. Why wouldn't my federal taxes be taken out of my paychecks if the most amount should be taken out?

Not A Product Question

SusanY1

Assuming this is all of the money that you made all year - or that it's all of the money that the withholding table thinks you make - it would appear that at the end of the year, you would have little to no tax liability.

If you are filing your tax return as a single individual and you are not a dependent on another person's tax return, you will have a standard deduction of $12,200 for 2019, so with an income of $9,075, you would have no taxable income and no need for withholding.

If this job is in addition to a full-time job, it is a good idea to adjust your withholding to allow for that. The new Form W-4 allows you to do this, and you can find it here: Form W-4.

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