Welcome to Jackson Hewitt , how may I help you today ?
I need someone to help me with my income taxes .
Then you have come to the right place . Do you have your W2 with you ?
I have two of them , one from each job .
Ok , if I can just see those I can get started on your taxes .
This is the first year I have filed taxes , can you tell me a little about it ?
Well , with any job that you work , some of your income is taken out of every paycheck .
That is the Federal and State that I see on my checks , right ?
Correct . Every job will take money out for Federal taxes , but not every state withholds state taxes .
But if I have already paid taxes by having them taken out of my check , why do I need to do it again ?
At the end of every year , you need to file taxes to see if you paid too much or too little .
What happens if I paid too much ?
Then you would get a refund from the IRS for the amount that you overpaid .
So if I did not pay enough , then I would have to pay the difference back to the IRS ?
That is right . Now , do you have any dependents ?
No . Does that make a big difference ?
Many times you can receive a credit for each dependent you have .
And a credit would mean either paying back less or getting a bigger refund , right ? Exactly . Are you going to school ?
Yes , I go to school part time .
Do you pay for all of your school expenses or do you have federal aid ?
I pay for my own tuition and books .
It looks like you will be able to get a refund of about $1000 from your federal taxes , but you will have to pay $200 into your state taxes .
So after I pay my state taxes, I will $800 left over ?
That is what it looks like when I fill out the paperwork .
Very good ! Thank you for your help .
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