How much in taxes on $5K?
Asked by: tmoran
I got let go from my job in early February, where my base salary was $ 64K. With bonus, severance, and regular pay, I was given roughly $ 28K before taxes when I was let go. Since then I have been getting unemployment benefits. This summer I will be teaching at a university and will get a stipend of $ 5K. Any idea what my tax on that will be?
Also, if I don’t work for the rest of the year, will I get a bigger tax refund next year compared to previous years when I was working full-time?