Quote:
Originally Posted by Alex Stroup
Turns out, of course, that we're getting a sizable refund. The late year return to work had the opposite effect from what I expected.
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That's generally what happens in that case. Your payroll was likely withholding based on a full year's salary. Since you only had a partial year's worth of income you were likely in a lower tax bracket than you would have been had you worked the full year, so taxes were being withheld at too high of a rate. At least that's what happened the year that I only worked for 6 months.