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Stub year tax refund
Posted: Sat Dec 26, 2015 12:29 pm
by Neff
I should be expecting a big tax refund for 2015 if I started in September and have been paying taxes at the 160k bracket while only making a little over 40k, correct? I claimed the same number of exemptions as I did as an SA last year, and I got a $4000 refund for last year.
Re: Stub year tax refund
Posted: Sat Dec 26, 2015 1:24 pm
by 2014
Should be similar but it depends how your firm handles bar and moving expense taxes. If they leave it up to you to pay those instead of withholding, a large chunk of your refund may go to that.
Re: Stub year tax refund
Posted: Sat Dec 26, 2015 4:38 pm
by jkpolk
Neff wrote:I should be expecting a big tax refund for 2015 if I started in September and have been paying taxes at the 160k bracket while only making a little over 40k, correct? I claimed the same number of exemptions as I did as an SA last year, and I got a $4000 refund for last year.
I think I got a little less than 6000 for stub year