Tax returns

I am doing my tax returns, and I expected to get more money back so I wonder if I am missing something. I am a first year analyst, out of $10k bonus I got ~$5.6k, and my wages on w-2 are $45k. My total tax return is $2k, is that similar to what you guys are getting? Thanks.

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Comments (3)

Mar 18, 2014 - 12:20pm

I'm in the same ballpark as you comp-wise, but a little lower 2013 total as my start date was mid September. Got a return just under $6k, which brought my effective tax rate to basically zero. Claim every deduction you can.

Array
Mar 18, 2014 - 3:04pm

It's all relative to what taxes you've already paid and deductions you qualify for so comparing "what you got back" is irrelevant.

If you look at it once or twice and still think you're getting screwed take it to someone. You have as easy of a return as possible if you're just out of school and only 1 income - you can probably find someone to do it for $100-$200.

twitter: @CorpFin_Guy
Mar 18, 2014 - 3:11pm
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