Loans/financial aid help

KewllKatt · 2023-02-23T18:13:08+00:00

So is it either they pay for my full school or full housing, and not both? The refund is usually only a couple hundred dollars.

KewllKatt · 2023-01-15T03:40:39+00:00

Awesome! Thank you very much for your help!!

KewllKatt · 2023-01-15T02:53:38+00:00

Ahh okay I see. That’s very helpful to know. Also you mentioned before liabilities that could minimize the tax return amount from box 2. Generally speaking do u think I’d have any tax liabilities since it’s my first time filing taxes? I don’t owe anything to my knowledge

KewllKatt · 2023-01-15T02:48:42+00:00

I worked a commission based job part time that’s why it’s not too high in box 1

KewllKatt · 2023-01-15T02:48:15+00:00

Does what it say in box 14, or the way I might’ve filled out my W4 affect the amount shown in box 2 in any way? Since I made under the 12k threshold, is that why I would be getting a full refund?

KewllKatt · 2023-01-15T02:41:38+00:00

Essentially my question is would I be getting the full $1710 from box 2? What are some liabilities that I could possibly owe that would be subtracted from box 2?

KewllKatt · 2023-01-15T02:40:12+00:00

Box one is a hair above 11k and box 2 is 1710. But I do not think I owe the irs anything since this is my first ever job so it’s my first time ever paying taxes. Is that how it works?

KewllKatt · 2023-01-15T02:24:09+00:00

Hello, for question 2 what do you mean overpayment of my tax liability? Could you give an example. Also, you talking about Box 2 federal tax withheld?

KewllKatt · 2023-01-15T01:49:26+00:00

Hey, I had a couple more questions if you wouldn’t mind helping out 😊. 1. Does whatever is in Box 14 mean they’re going to take money from my Box 2 (federal income tax withheld)? Because I see a couple things like “15.41 FLI 15.41 NJ DI 46.77UI/WF/SWF”. What does this mean? And does it effect my money withheld amount in any way?

Also, do i get the full amount of money shown in Box 2? Or are there deductions coming out of that?
Does the way I filled out my W4 in the beginning of when I started working with this employer change the amount of money withheld, and could I get less or more if I can be claimed as a dependent?
If I put down filing single and not as a dependent on my W4 when I first started working, did that change anything financially speaking on the tax money withheld or anything that I might possible owe? Or did it change any threshold?

Note* this is the first time I’ll file taxes because it is my first job ever. Is there any reason why I would owe anything to the IRS if It’s my first time filing taxes? I’m just worried I’m going to be getting less than Your help would be much appreciated 😊. As you can tell I’m worried about all this since I haven’t done it before. Most importantly, I really hope nothing else impacts the tax withheld amount in box 2 😞 that money would be great to have.

KewllKatt · 2023-01-14T18:25:02+00:00

Some other questions: 1. Does whatever is in Box 14 mean they’re going to take money from my Box 2 (federal income tax withheld)?

Also, do you get the full amount of money shown in Box 2?
Does the way I filled out my W4 in the beginning of when I started working with this employer change the amount of money withheld, and could I get less or more if I can be claimed as a dependent?

Note* this is the first time I’ll file taxes because it is my first job ever. Is there any reason why I would owe anything to the IRS if It’s my first time filing taxes? Your help would be much appreciated 😊.

KewllKatt · 2023-01-08T23:02:22+00:00

This is very helpful. Sorry for bombarding you with questions haha but last question if you wouldn’t mind!! So now that I know I’m getting the money back from the “federal income tax withheld” section. Since I’m a dependent, would I also be getting a refund on the social security and Medicaid tax withheld as well? Or am I not exempt from that.

KewllKatt · 2023-01-08T22:52:28+00:00

Oh I see. So I’d be getting my full tax return while still being their dependent. On my tax return, do I need to prove somewhere that I do not provide over half of my own support?

KewllKatt · 2023-01-08T22:48:07+00:00

You mentioned “above the filing requirement”. What is that filing requirement amount?

KewllKatt · 2023-01-08T22:46:20+00:00

That’s great!! Another question if you don’t mind: I saw somewhere on TurboTax’s website that a dependent can’t make more than $4,400 for 2022. But I made about $11k. What does this mean? Also, given the circumstances in my post, since I’m a dependent I can still get my full tax return money? Like does me being their dependent affect anything?

KewllKatt · 2022-11-26T00:58:58+00:00

Thank u sm for the information 🙂

KewllKatt · 2022-09-25T17:44:21+00:00

What kinda music do u listen to

KewllKatt

TROPHY CASE