Skip to main content
January 27, 2020
Question

2019 income increase

  • January 27, 2020
  • 1 reply
  • 0 views

In 2018 I made 11,000. This tax year 2019 I made 23,000. Is it normal for my tax return to only increase $100? I am filing single with no changes, no extra addictions or tax breaks to my taxes just increased my pay for the year. 

1 reply

January 27, 2020

Yes, this is common and depends on your withholding (taxes you paid in).  

 

In 2018 your standard deduction was $12,000 so you basically got a refund of all the federal tax you paid since your federal income taxes were zero.  

 

In 2019, you earned $23,000 and the standard deduction for a person filing as "single" is $12,200. In 2019, you have to pay taxes on $10,800. 

 

To get a higher refund, withhold more money from your paychecks by adjusting your W-4 form

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"