Re:61% of Americans paid no income taxes in 2020
by Jtsummers on Thursday August 19, 2021 @10:43AM
(#28234426)
At least two ways:
1. Refunds if you were overtaxed during the year. For instance, someone making $100k/year but was laid off in March or April when COVID closures started hitting may have had a large amount withheld that was refunded if they remained unemployed the rest of the year.
2. Your income is sufficiently low. If your income is below a certain threshold (or you just claim a lot of credits on your W-4) then nothing will be withheld. Common with minimum wage part-time jobs.
1. Refunds if you were overtaxed during the year. For instance, someone making $100k/year but was laid off in March or April when COVID closures started hitting may have had a large amount withheld that was refunded if they remained unemployed the rest of the year.
2. Your income is sufficiently low. If your income is below a certain threshold (or you just claim a lot of credits on your W-4) then nothing will be withheld. Common with minimum wage part-time jobs.