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How much income tax should you get back if you made 30000 this year?
If you are single, NOT a dependent, dont have any dependents, then it would go something like the following.... Pleas note that this calculation is assuming that the $30000 are from a w2. 30000 -9500 Standard deduction and personal exemption =20500 Taxable Income 2654 Tax -6000 withholdings =3346 Aproximate Refund.
If your income is less than 5000 a year how much will you pay in taxes?
For 2009, if you're Single with no dependents and income of less than $5,000, then you're not required to file. You'd be required to file if your income were at least $9,350. If income tax were withheld from you earnings in 2009, then you should file for a refund of all federal income tax withheld. Your income is zeroed out by your standard deduction of $5,700 plus your personal exemption of $3,650.
How much of your federal income tax withheld do you receive back in tax returns?
The amount of withheld federal income tax that is returned to you depends on a variety of factors. Your yearly income, marital status, number of dependents, and expenses are all used to calculate your tax return.
How much taxes taken out of paycheck in Ohio?
Nothing will be withheld from your paycheck because the paycheck is issued to you after all of the necessary taxes have been withheld from your gross earnings (wages). You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period. After the withheld amount for all taxes is subtracted from your gross wages (earned income) your paycheck will issued for the net amount of your earning (wages).
How much income do you need to be able to file for tax return?
Anyone can file a tax return. No income necessary. Just fill in zeroes. People with low income who have had tax withheld from their pay but are not required to file tax returns should do so anyway in order to get a refund.
I make 30000 a year how much should I spend on rent per month?
Only about 25 percent of your total income should be spent on rent. An income of $30,000 should spend no more than $2500 per month on rent.
Do you have to file a tax return if you are collecting social security disabilitybenefits?
yes, no income stands alone. So it is reported as income, but you may not have to pay taxes on it, it depends on how much total income you have and then how much taxes you have paid. Benefits can be paid with no tax withheld or with tax withheld, it's your choice. It all depends on how much income you make.
How much income tax should you get back if you made 30000 this year?
If you are single, NOT a dependent, dont have any dependents, then it would go something like the following.... Pleas note that this calculation is assuming that the $30000 are from a w2. 30000 -9500 Standard deduction and personal exemption =20500 Taxable Income 2654 Tax -6000 withholdings =3346 Aproximate Refund.
If your income is less than 5000 a year how much will you pay in taxes?
For 2009, if you're Single with no dependents and income of less than $5,000, then you're not required to file. You'd be required to file if your income were at least $9,350. If income tax were withheld from you earnings in 2009, then you should file for a refund of all federal income tax withheld. Your income is zeroed out by your standard deduction of $5,700 plus your personal exemption of $3,650.
What is Income tax withheld from each paycheck and sent to state and federal government?
You do NOT have any amount withheld from your net take home paycheck after it is issued to you. The parts that are withheld from your gross wages, earnings before your net paycheck is issued to you is a prepayment of any possible state and federal income tax liability that you could have after your income tax return is completed correctly. If your income tax liability is less than the withheld amounts you will receive the over withheld amounts as a refund after you file your income tax return. You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period.
How much of your federal income tax withheld do you receive back in tax returns?
The amount of withheld federal income tax that is returned to you depends on a variety of factors. Your yearly income, marital status, number of dependents, and expenses are all used to calculate your tax return.
How much taxes taken out of paycheck in Ohio?
Nothing will be withheld from your paycheck because the paycheck is issued to you after all of the necessary taxes have been withheld from your gross earnings (wages). You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period. After the withheld amount for all taxes is subtracted from your gross wages (earned income) your paycheck will issued for the net amount of your earning (wages).
How much income do you need to be able to file for tax return?
Anyone can file a tax return. No income necessary. Just fill in zeroes. People with low income who have had tax withheld from their pay but are not required to file tax returns should do so anyway in order to get a refund.
How much is the standard income tax deduction?
answer: 1.income from salary is less than is rs.1.5 lacks ----40% of gross salary or 30000/- which ever is lower.2.income from salary exceeds rs. 1.5 lacks but does not exceeds rs. 5 lacks --- rs.30000/-3.income from salary exceeds rs. 5 lacks ---- rs. 20000/-
What form lists how much was paid in state and local taxes?
Form W-2 is Wage and Tax Statement. It's an IRS form that employers are required to file for their employees. State income tax withheld is entered in Box 17-State Income Tax. Local income tax withheld is entered in Box 19-Local Income Tax.
What form lists how much was paid in state local taxes?
Form W-2 is Wage and Tax Statement. It's an IRS form that employers are required to file for their employees. State income tax withheld is entered in Box 17-State Income Tax. Local income tax withheld is entered in Box 19-Local Income Tax.
What percentage of state income tax is withheld on your paycheck in Wisconsin?
You will have to get the correct that will be withheld from your GROSS earnings for the pay period from your employer payroll department as they would be the ONLY on that would know how much they will withhold for your state income tax amount before they issued your NET take home paycheck You do NOT ever have any amounts withheld from your NET TAK HOME PAYCHECK after it is issued to you.
