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Today TaxMama hears from Alex in the TaxQuips Forum who is confused. "I'm wondering what my refund would be if I claimed exempt status for about half of 2011.I'm a full-time student, filing as single, with a gross income of about $10,000. I tried doing some of my
taxes on TurboTax, but it said my refund would only be my federal withholding. So my real question is -- when you pay into Social Security and Medicare taxes, why don't you receive those funds back?"
Read the Reply: http://www.TaxMama.com/tax-quips/what-is-my-refund/
Image Credit: http://www.flickr.com/photos/33933155@N00/6602315257
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What is my Refund.wmv
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