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You get back however much extra you paid (through payroll witholding) during the year.
If you made $40,000 and had $10,000 withheld, and the bottom line of your 1040 says you owe $9,900 in tax, that means you paid $100 too much, so your refund would be $100.
If you follow the tax tables on the W-4 form (the one you give your work where you figure out withholding), you will usually end up getting a refund from $100 - $1,000 but there's no good way to predict any particular refund without figuring out the taxes.
Note: Yes, you can also make estimated payments where you send in money to the IRS (each quarter) over and above withholding, but I thought that would make the explanation too complicated, and few people do them, so I left them out of the above discussion.
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What congressman still owe back taxes?
what fongressmen owes bacvk taxes and how much
How much do i owe in taxes if i made 20000 for the year?
The amount of taxes you will owe if you made $20,000 will depend on your deductions. On average, expect to pay about 20 percent of your pay in federal taxes.
How much will you get back in taxes if you made 9000?
9,000
I am receiving a check in amount of 14,000.00 from my employer. I only claim one dependent. How much can I expect to receive after taxes are taken out?
I am receiving a check in amount of 14,000.00 from my employer. I only claim one dependent. How much can I expect to receive after taxes are taken out?” Topics: Hr Block
How much money can you get back in income taxes for a one year old?
How much can you get back For a 1year old
How much will I get back in taxes from medical expenses?
You won't get money back in taxes, you will get to subtract your medical expenses from your taxes. This will lower the amount of taxes you pay.
What congressman still owe back taxes?
what fongressmen owes bacvk taxes and how much
If you paid 10000 dollars in taxes this year how much will you get back?
I pay over 10.000 dollars in taxes this year how much of that will i get back if am married filling jointly
How much do i owe in taxes if i made 20000 for the year?
The amount of taxes you will owe if you made $20,000 will depend on your deductions. On average, expect to pay about 20 percent of your pay in federal taxes.
How much will you get back in taxes if you made 9000?
9,000
I am receiving a check in amount of 14,000.00 from my employer. I only claim one dependent. How much can I expect to receive after taxes are taken out?
I am receiving a check in amount of 14,000.00 from my employer. I only claim one dependent. How much can I expect to receive after taxes are taken out?” Topics: Hr Block
How much money can you get back in income taxes for a one year old?
How much can you get back For a 1year old
How much do you get back in taxes if you claimed zero?
Claimed 0 what?
How much in Pennsylvania taxes would you get back if you only gross 1600 and 1 dependent?
If your annual gross income is $1600, even without any dependents I'd normally expect you'd get a refund of any taxes you actually paid. However, since you didn't provide that number, we can't tell you how much you'll be refunded.
How much change do you get back if you have 1.00 dollar and crayons cost 65 cents?
You would get back .35 before taxes. Don't forget the taxes.
If you grossed 5000 and have 2 kids how much will you get back?
if i grossed 7,ooo and have 2 kids how much will i get back in taxes?
How much for an accountant to file my taxes?
Paying an accountant to file your taxes can vary on cost. On average you should expect to pay around $100 to $200 depending on how complex your taxes are. If you have simple taxes it may be easier to file yourself using tax software.
