Largest tax return received?

cpals

Diamond Member
Mar 5, 2001
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0
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I have a lot of overtime accrued this year ($10,000+) and was wondering if I get a lot of that back since they took a ton out at the time I received my paycheck?

Thanks.
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,407
8,595
126
the OT may have been at higher marginal rates so, no.
 

her209

No Lifer
Oct 11, 2000
56,336
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Possibly. When you file your federal taxes, they ask how much you made last year and how much you paid in taxes versus how much you owe. If line 22 is more than 26 than subtract 26 from 22 and this is the amount refunded to you.