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How much income tax should you get back if you made 5000 this year?
Wiki User
∙ 13y ago
You are the only one that would have all of the necessary information available that WILL BE NEEDED to even start filling out your 1040 federal income tax correctly. You will NOT know the correct amounts until you complete your 1040 federal income tax return correctly. Your filing status, your age and how you made all of your gross worldwide income amount and if you had any sources of earned income (pay that you worked for) that has to reported on your 1040 income tax return and all of your other information that is required to entered correctly on each line of your 1040 income tax return will all be a part of the necessary information that you know and will have enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT after your income tax return is completely correctly.
If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly.
When you get to the last lines on page 2 of the 1040 federal income tax return line 72 where it says THIS IS THE AMOUNT THAT WAS OVERPAID then you will know how much your refund amount should be. If the amount is ZERO -0- and then you have an amount on line 75 AMOUNT YOU OWE
Wiki User
∙ 13y ago
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How much income tax should you get back if you made 3000 this year?
With income that low...you should clearly get it all back...and with other benefits available to low earners, maybe even more.
If you made in between 4000 to 5000 how much should you get back on your income taxes?
You will know NOT know the correct amounts until you complete your 1040 federal income tax return correctly. your filing status, your age and how you made this 4000 to 5000 amount and all of your information that is required correctly on each line of your 1040 income tax return will all be a part of the necessary information that you know and will have enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT. If it is qualifying earned income and you are not a dependent on another taxpayers income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly.
Should I report income from renting a room in my home to IRS What if I have homestead exemption?
If you made money on the rent you will need to claim it as income.
Why should cost be matched with revenues at the end of an accounting period?
You compare income with expenses to see how much profit you have made.
Do you have to pay taxes on income less than 600.00?
No, if you made anything less than $600.00 in one year then you do not need to pay taxes on that income. However, you should still file your taxes for that year.
How much income tax should you get back if you made 3000 this year?
With income that low...you should clearly get it all back...and with other benefits available to low earners, maybe even more.
If you made in between 4000 to 5000 how much should you get back on your income taxes?
You will know NOT know the correct amounts until you complete your 1040 federal income tax return correctly. your filing status, your age and how you made this 4000 to 5000 amount and all of your information that is required correctly on each line of your 1040 income tax return will all be a part of the necessary information that you know and will have enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT. If it is qualifying earned income and you are not a dependent on another taxpayers income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly.
What is the basic method business uses to determine profit?
Income - Expenses = Profit if you take in 5000 and spent 3000 to do it you have made 2000 in profit
Do you need to file tax returns for interest income?
Intrest made on income is income, and as such, should be reported on your 1040.
When was the micorewave made?
First microwave oven was made in 1947. It was refrigerator sized, 750 pounds and cost $5000 (and that's back in 1947, that's in the range of house prices back then.) It was made by Raytheon and called a Radarange.
What year is the VW R32 made?
in the US 5000 made in 2004 for the mk4 version 5000 made in 2008 for the mk5 version
Should I report income from renting a room in my home to IRS What if I have homestead exemption?
If you made money on the rent you will need to claim it as income.
A college student dependent made 5000 in 2008 TurboTax says he will get back all tax he paid is this correct?
Sounds about right.
Why Medicaid should NOT be classified as only being made available for low-income people?
By law, Medicaid is limited to low-income people.
You made 900 selling furs from your trapping this year while you have to claim that income?
Any income made in a calendar year should be reported as income when doing taxes. This can be determined by an accountant or tax preparer as to how to proceed with reporting and the dollar amount.
Who first made sundials?
The oldest record of a sundial was in Ireland dating back to 5000 BC. See the related link for more information.
World record for most consecutive layups made?
5000
