I just did my sons taxes and thought his refund was a bit low and wondered how other students were faring. He made about $8200 paid $630 in fed and is getting back about 300. I claim him as a dependent so he gets no tuition deduction. I figured he would get more but perhaps he made more than I did when I went to school and he went over the income threshold. I used a program to do it so i doubt its wrong but it just didnt feel right.
yes i checked with an accountant friend and he said its probably right. 0 tax on first $5500(standard deduct) and about ten percent on the rest so he actually made 8700 and owes 328 in tax . I must have always made under the standard deduct when i was a student. Tx for your help.
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