Ben
Lv 6
Ben asked in Business & FinanceTaxesUnited States · 2 months ago

Would some part-time employees more likely get a tax refund than most full-time employees?

a) yes

b) no

13 Answers

Relevance
  • 2 months ago

    NEITHER.

    Full time and part time are not even RECOGNIZED in tax law.

    Your income ($ amount) is used to determine you tax liability. Your total payments, including withholding is compared to your tax liability to determine if you are due a refund, or own more.You can increase your refund by having more withheld.

  • Amy
    Lv 7
    2 months ago

    Maybe a little more likely.

    The simple answer is that anyone who overpays gets a refund. Who overpays shouldn't correlate at all with income. So part-time employees who have a fixed work schedule are no more likely to get a refund than full-time employees.

    But one thing that can cause overpayment is an inconsistent income. If you earn $200 one week you are taxed as if you earn $200 every week. If you earn $1000 the next week you are taxed as if you earn $1000 every week. Because tax rate increases with income, that results in paying more than you actually owe on your $600 average.

  • 2 months ago

    c) there is no correlation between the number of hours a person works (part time or full time), and their likelihood that they will receive a tax refund.

    A person gets a tax refund if the total amount of money they pay the IRS plus any tax credits they qualify for add up to more than their tax liability.

    A full time employee would generally earn more money due to working more hours (and in many cases they earn a higher hourly wage). Therefore they owe more tax. But they would also have more tax withheld from their paychecks. So its possible that the increase in their tax liability results in them owing money, or its possible that the increase in their withholding covers the extra tax with money left over and they end up getting a refund.

    The determining factor is how they fill out their W4 form, not how much they work.

  • Anonymous
    2 months ago

    Tax refunds are just a myth, Ben. Like jobs. Or people. 

  • How do you think about the answers? You can sign in to vote the answer.
  • 2 months ago

    c)  It depends.

  • 2 months ago

    Tax refunds aren't dependent on whether or not you are full or part time. They are dependent on how many deductions you have, how much income, what your situations are and many other things. Just being part time doesn't guarantee you refunds, OR anything else. 

  • 2 months ago

    No real accurate answer here, it could be either, depending on many, many factors.

  • Anonymous
    2 months ago

    A tax refund is based on OVER PAYING your tax liability.

    ANYONE who OVER PAYS their tax liability will get a refund.

    Being "part time" or "full time" has very little to do with how a person decided to have their taxes withheld.

    In fact, a part time employee is more likely to file as "exempt" and have no taxes withheld - meaning that they get no refund.  

  • Judy
    Lv 7
    2 months ago

    c/  maybe ..........................

  • 2 months ago

    They all get refunded. The government takes some excess, and then at the end of the year you get some deductions on top of it. That's why you get a refund. The government can only take what is allotted to them, but they take extra throughout the year, and then you get that back when you file your taxes. 

Still have questions? Get your answers by asking now.