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How much of your taxes will you get back at the end of the year?

Updated: 8/20/2019
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Saminiccole

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11y ago

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Your tax refund - if you get one! - depends on how much you have paid out and what deductions you take on your returns. See your tax preparer to find out specific information about your taxes, as WikiAnswers cannot do taxes for you.

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11y ago
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Q: How much of your taxes will you get back at the end of the year?
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Can you choose for taxes not be taken out of your bonus check?

Not normally, taxes are taken at the point of payment so that people can not avoid paying them. If you are taxed too much you claim it back at the end of the tax year.


What is the document you receive at the end of the year that tells you how much you paid in taxes?

W-2


I had a family member pay for my real estate tax for the first half of this year in Ohio it is a tax break if you pay your taxes can I pay them back before the end of the year to claim it on my taxes?

The property taxes tat the family member paid for you could have been a gift to you.


Will you get back money if you file your inome tax without being employed for that year?

The answer is NO. When you are employed you have federal taxes taken from your pay or if you are self employed you are to pay Federal taxes on your gross income twice a year. During tax time if you were employed or self employed and have earned income (which is what you made all year) you file a federal income tax. The purpose to file taxes is to see if you will end up getting taxes back from what you have paid in all year or if you will end up paying because you still owe. Depending on the income bracket you fall under, if you have dependants to claim, or if you have any deductions will calculated to see what your getting back.


You are equired as an independent contractor to?

File taxes at the end of the year. It is also a good idea to file quarterly estimated taxes. This makes paying taxes at the end of the year less of a financial burden and eliminates the fees charged by the government for not doing so.


What taxes will go up in 2010?

You will have to have a good crystal ball at this time as they have not started making much noise about taxes rates going up in the year 2010. We are all just waiting at this time to learn when that may happen during this year before the end of the year 2010.


What happens if I am filing taxes as single and 2 under federal and 2 under NY but i don't have any dependents?

In this case you will most likely end up owing more taxes when you file your return at the end of the year. You withholding allowances claimed during the year only effect the amount of taxes that are withheld and applied to your tax return at the end of the year. It is to your benefit to pay in more during the year so that you don't end up owing a good deal of taxes when you file your return.


How does one appeal property taxes?

One can appeal property taxes at the end of every year. A tax bill is sent at every year to pay property tax from the government. It is your responsibility to pay these taxes.


What is the deadline to pay income taxes?

In the US, generally speaking, the bulk of the tax due (exactly how this is defined is complicated, but generally you're okay as long as you paid at least as much by the end of the year as you had to pay the year prior) is supposed to have been paid prior to the end of the year, and any remainder is due at the time the taxes are filed, which could be as late as April 15th.


What is pretax-ed savings?

It is what you have saved prior to paying taxes at the end of the year.


Who files taxes on behalf of mothers death at end of year?

The adminstor of her estate.


What is W2 income?

W2 income is pay that you have received from an employer who has taken taxes out during the year. You will receive a W2 at the end of the year so that you can complete your yearly taxes.