How much of a return?

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I just did the h and r block online but didnt file and it said my federal return would be $752, but i made $48k this year, with my main job in Los Angeles. Im single and added a $86 student loan 1098e credit. Everything else is standard and I am puzzled about the low refund, i am thinking i did not do this properly. Any insight would help, thanks.

How much of a return?

Are you supporting anyone? You can receive the EIC if you are single with no children. However, if you made 48K, you need to be supporting at least one child. I inputted the calculations on the IRS website [listed below and it says you are not eligible for the EIC. So, if have a child, that changes things because you can file as head of household and get up to a 1000 child tax credit that is knocked dollar for dollar off of your income tax liability. If 2 children, up to 2000 is knocked dollar for dollar off of your income tax liability.

It brings up a lot of tax questions. How much Federal tax was withheld? Do you have an IRA? Do you have a capital loss, e.g, stocks? Are you buying a house?

Assuming no advanced earned income credit, no side business or other income, you have a Federal tax liability of 2493. I stuck in that you had 8% Federal withheld from your salary, that you were single, no traditional IRA. The Federal tax liability came to 6243. I did it on 1040.com/consultant

I've never trusted Block, but with the numerous things I cannot know about your tax situation, you never know. Block's calculations may not be that far off. But they get you in and out in 15 minutes. They never dig for deductions to help you.

How much of a return?

48000 - 8750 = 39250

Roughly $6240 in tax. (25% tax bracket).

If you had $7000 withheld, that refund is on target.

How much of a return?

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