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    sochs's Avatar
    sochs Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 11, 2010, 10:24 AM
    Taxes not being taken out of my check
    I make $22,000.00 a year and Claim 2 dependants. I have not been getting Federal taxes out since April, to date only $419.50 has been taken out. Will I owe on my taxes this year? Why is this happening? Should I switch my dependants? I am married with one child.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 11, 2010, 12:10 PM
    You owe NOTHING, and will be getting a sizable refund.

    Your standard deduction is $11,400, and you are getting THREE $3,650 personal exemptions, for a total of $22,350 in exemptions.

    Assuming the $22K is your ONLY income, your exemptions and standard deduction EXCEED your income by $350, which means you will get ALL of the $419.50 withheld BACK, plus some part of the $1,000 Child Tax Credit, plus a hefty Earned Income Credit.
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