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Old 02-09-2011, 03:08 PM
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federal tax withholdings

I have pay stubs stating federal tax withholdings as x and my w-2 has y.... Why are they different...i have contacted my former employer and i was givin a horrible answer...what do i do?



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Old 02-13-2011, 12:10 AM
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" I have pay stubs stating federal tax withholdings as x and my w-2 has y.... Why are they different..."----> I guess one of the reasons is that the number of withholding allowances claimed on Form W4 may differ from the number of exemptions claimed on your federal tax return.The process of determining the correct number of withholding allowances begins with the number of personal exemptions you expect to claim on your tax return. You then might increase or decrease this number based on your eligibility and desire for a higher paycheck or a higher tax refund.



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Old 02-13-2011, 01:42 AM
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so why wont i get credit for 2500 dollars of fed taxes i have proof i paid on my pay stubs???



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Old 02-13-2011, 02:29 AM
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“so why wont i get credit for 2500 dollars of fed taxes i have proof i paid on my pay stubs???”--->Tax refund is the difference between the amount on 1040 line 60 and line 72; if the amount on 1040 line 72 is larger than the mount on line 60, you will get your refund.For example, assume that the amount on line 60 is $10,000, your federal tax liability, and the amount on line 72 is $12,000, then you will get $2,000 of refund. So, to speak, your tax refund is the return of excess amounts of income tax that you have paid to the state or federal government throughout the past year from your paychecks. In certain cases, you may even receive a refund if you owed no taxes, because certain tax credits are fully refundable.
Please visit the IRS website here; https://sa2.www4.irs.gov/irfof/lang/...fgetstatus.jsp



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