Submitted by [deleted] t3_z8dhdi in personalfinance
Werewolfdad t1_iyb9fbx wrote
Reply to comment by [deleted] in My employer wasn’t withholding any income tax from my paychecks by [deleted]
> Was I getting back what I paid in?
Probably. That's usually what most of a tax refund is.
>I thought that if you make over something like 25K, married, that you’re required to pay income tax on it?
Yes, but your two children provide a $4000 tax credit, which means you'd need to earn about $62,000 (after 401k, health insurance, and other deductions) to have any tax liability.
>Seriously, thank you for taking the time to answer my questions!
Gladly
[deleted] OP t1_iybdfx2 wrote
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