Why is my federal return so low? Hi tax guru. In a nutshell, I am a single filer w/o dependents and no one can claim me. For 2008 I my wages were 29107.06. Federal withheld taxes are 2244.66 and state income tax is 1497.00. My 2007 state refund was 262.00 and I paid 850.00 in interest on my federal loan. When I entered this info into Tax Act and HR Block online, both of them showed my federal refund is 47.00. In 2007 I made much less and my return was almost $2000.00. What is going on? |