What is Federal income tax? Federal income tax is taken out of paychecks. Since my income last year was only $10,000 I got most of that tax refunded to me. What is the Federal tax for and will my refund be less if my income was higher? If your income exceeds the $10K, then you have a tax burden and not all withheld comes back. Income tax funds the federal government.
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What is Federal income tax? Federal income tax is taken out of paychecks.
Since my income last year was only $10,000 I got most of that tax refunded to me.
What is the Federal tax for and will my refund be less
if my income was higher? If your income exceeds the $10K,
then you have a tax burden and not all withheld
comes back. Income tax funds the federal government.
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