ILLMAS Posted February 2, 2014 Report Share Posted February 2, 2014 Can someone verify these amounts on your tax program: single 69,030 wages 10,720 fed withholding I verified against the IRS tax tables and they match the tax program. Client is surprised by refund size. thanks MAS Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted February 2, 2014 Report Share Posted February 2, 2014 I get a federal refund of $35.00 single, no dependents 1040A AGI 69030 standard deduction 6100 personal exemption 3900 taxable income 59030 tax 10685 w/h 10720 refund 35 Quote Link to comment Share on other sites More sharing options...
ILLMAS Posted February 2, 2014 Author Report Share Posted February 2, 2014 Yes I already told the client he needs to verify his exemptions at work, I am thinking he is claiming 2 and thank you. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted February 2, 2014 Report Share Posted February 2, 2014 He is probably claiming single with 1 exemption. I tell clients to ignore all the calculations on the W-4 and just put the status and exemptions you want. Quote Link to comment Share on other sites More sharing options...
Mr. Pencil Posted February 2, 2014 Report Share Posted February 2, 2014 he needs to verify his exemptions at work It might be more complicated than that. Because the tax tables incorporate the standard deduction, irregular pay can sometimes create underwithholding when nothing is withheld for several weeks. Also, sometimes a bonus will be paid sans withholding. It is very hard to plan for, other than deliberating taking a smaller paycheck each week. The bottom line is that his income level is about the worst in terms of our progressive tax brackets. 1 Quote Link to comment Share on other sites More sharing options...
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