How much refund do you get for three children in California on your taxes?
Depends on many things...especially how much was paid in and other deduction income considerations.....thats why a reutrn needs to be filed.
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In the San Francisco East Bay (Castro Valley, CA) we pay 8.5 cents on the dollar.
The amount, high or low, of earnings makes no difference as to if you get a refund or if you have to pay more. The accuracy of what was withheld or (your required quarterly estimated payments) to what your taxable income (an amount that is different than earnings) will be is the issue. Someone… making a very large income fairly regularly has a very large refund. If for no other reason than it becomes more difficult to figure out how much they need withheld from their pay. Or alternatively, they can be underpaid and owe more, because they have income from sources that don't withhold. ( Full Answer )
Answer . This Q has been pushed around a lot here...and this is what I've pieced together:. It depends...a bit on which circuit court your in and how they feel...and expecially how much is involved...(obviously large amounts are wanted for creditors...and it just seems unfair for you to not pay so…meone your debt, because you didn't have the money, because you had too much withheld or prepaid...when the amount withheld/prepaid is controllable and returned to you!). The other aspect is when you filed compared to when you made your money...If the overpaid tax is for a pre-petition filing period...most trustees want it...but if it really isn't then it's yours. So say it's a refund for the year and you filed BK in December.....well it was basically all withheld as part of the Jan-Dec period in your filing...and it part of the BK...but if you filed in say March...well not much of it is really from the covered BK period.. Sort of makes sense. ( Full Answer )
Not just any creditor can intercept your tax refund, but there are certain instances where your money can be seized to secure uncollected debts. Your federal refund can be intercepted for debts ascertained by the Internal Revenue Service, certain federally guaranteed student loans, past due child …support, or monies owed to any government or state agency (such as payback of food stamps or even indebtedness to the state department of revenue). Interception of state refunds vary by state, and some instances where your state refund may be applied to a debt may include but is not limited to taxes owed to the state, hospital bills or even past due utility bills. ( Full Answer )
Does giving to chairity reduce taxes and increase tax refund by how much is that for all chairities?
It must be to an IRS qualified charity, not just any one claiming to be one. It reduces your taxable income (within certain restraints and limits) which can reduce your tax. Obviously by the amount of tax you would have paid on that income...which changes for everyone. . The tax benefit for char…itable contributions is only available for taxpayers who itemize deductions - about one-third of all filers. Those who take a standard deduction receive no additional tax benefit for their contributions.. Only contributions actually made during the tax year are deductible. For example, if you pledged $500 in September but paid the charity only $200 by Dec. 31, your 200X deduction would be $200. You include credit card charges and payments by check in the year they are given to the charity, even though you may not pay the credit card bill or have your bank account debited until the next year.. Those itemizing deductions reduce their taxable income by the total contributed to qualified tax-exempt organizations , with some limits. The tax saving usually equals the deduction times the marginal tax rate - the top rate for the person's income level.. For example, an individual with a taxable income of $50,000 donates $2,000 to his or her church. The tax savings from this generosity will be $540 - $2,000 times the taxpayer's marginal tax rate of 27 percent.. Donations of stock or other property are usually valued at the fair market value of the property. For stocks and bonds with an active market, the fair market value is the average price between highest and lowest selling price on the valuation date.. Figuring the value of other personal property can be more complicated. For example, determining the value of a donated used car requires weighing several factors. Some car donation program operators have mistakenly suggested that donors can take as a deduction the full value listed in an established used car pricing guide.. The tax law, however, allows a deduction for only the fair market value of the car. Fair market value takes into account not only the year, the model and the mileage of the car, but also the local market and the vehicle's condition. As a result, the fair market value of the taxpayer's car may be substantially different than the average price listed in an established used car guide.. The IRS also reminds taxpayers to keep appropriate records to substantiate the value of their gifts. For example, for any single gift of $250 or more, a taxpayer must have a written acknowledgement from the charity by the earlier of the date the person files the tax return or the filing deadline, including extensions. A person donating property valued at more than $5,000 must obtain a qualified written appraisal.. Taxpayers can find help regarding the donations they make in Publication 526, Charitable Contributions. A second reference, Publication 561, Determining the Value of Donated Property, answers many of the questions that donors have when they make noncash contributions. ( Full Answer )
\n. \nCongratulations on winning that double-edged sword! We have to pay tax, license and dealer fees in addition to adding the retail value of the vehicles onto your income tax and paying the extra as if you received a cash bonus. And this is before you can take possession. Have fun with that!\n. … \nADD ON: I Live in AZ and My 2008 Wrangler is up for Registration again. for ONE year here it costs $338 and for TWO $614... It stinks how they base it off of the "value" of the car, because my 1982 Bronco cost under $20.00.... GOOD LUCK!!! ( Full Answer )
It's not important how much you make, its important how much you had withheld from your paycheck.. The refund that you get from the IRS is just all of the money that was withheld from your paycheck throughout the year, minus what you actually owed in taxes .
some people get theirs the same day and others who dont go to the professionals such as h n r block wait up to 2 weeks
You can only claim back as much tax as you have paid during the year - except of course a few things like franking credits are on top of this.
California no longer collects inheritance tax. This law wasabolished in June of 1982. Any inheritance received is tax free inthis state.
it depends on the price of the home you purchase. the less the appraised value is, the less you pay in taxes. the higher the more money spent on taxes. its safe to say about 1.25% of your home purchase price is due annually. for example a 169k home purchased would be 2112 bucks per year. payable in …2x payments or one lump sum. of course you can save in installmenst and set aside for the lump payment ;) ( Full Answer )
That depends on what your and your spouse's income is, the source(s) of that income, whether or not you have children, what tax adjustments, deductions, and credits you are entitled to, whether or not you are subject to Alternative Minimum Tax (AMT), and how much tax you paid in or had withheld.
The property tax in California can vary from year to year. However, to calculate the California property tax for one's home is quite simple. The tax can not exceed more than 1% of the home's value and can not increase more than 2% from the previous year.
A Federal income tax refund is not taxable income (for state or Federal purposes) in the year a taxpayer receives it. A state income tax refund for a previous tax year, however, may be another story. It will be Federal taxable income in the year in which the taxpayer receives the refund, … if he itemized deductions on the previous year's Federal income tax return. Suppose a taxpayer files his 2010 Form 1040, and itemizes his deductions. Following the instructions for the 1040, he deducts $500 withheld as state income tax (shown on his W-2) in computing his 2010 Federal taxable income. He then prepares his state income tax return and discovers that he owes only $435 in state income tax, and is due a refund of $65 (the difference between the $500 withheld and his actual liability of $435). His actual state tax liability was only $435, but he had deducted $500 from his 2010 Federal taxable income, so when he gets the $65 refund in 2011, he must include it in 2011 income for Federal income tax purposes to make up the difference. However, if the state refund was for a tax year for which the taxpayer did not itemize deductions on his Federal tax refund (i.e., he took the standard deduction), it is not taxable income to him. ( Full Answer )
Probably not, unless it has to do with child support.. Basically, only support payments and debts due to Governments can get to directly intercept refunds.. Of course, the moment you receive the refund it loses it's identity and any protection.
No. All that matters, as far as work goes, is the total amount you earned and the total amount of taxes that were withheld.
Because of the financial crisis, the state of California is reported in February 2009 to have stopped sending out state tax refunds. When they resume will depend on politics and their financial condition.
The only one that can really tell you anything about your refund is the IRS.. They have a service to do so, link provided below.. Be aware:. Whether you opted for direct deposit or asked IRS to mail you a check, you can track your refund through this secure Web site. . You can generally access …information about your refund 72 hours after IRS acknowledges receipt of your e-filed return, or three to four weeks after mailing a paper return . (Note that is access info about it..not that you should expect to receive it by then...it's reasonable to say, once you can access info on it, it is received and in the system...and processing, check issuance, etc will follow in due course. Of course any errors or problems in your filing may delay all of that).. Have a copy of your tax return handy. You will need to provide the following information from your return:. Your Social Security Number (or Individual Taxpayer Identification Number); . Filing status (Single, Married Filing Joint Return, Married Filing Separate Return, Head of Household, or Qualifying Widow(er)) . The exact whole dollar amount of your refund . LINK BELOW. ( Full Answer )
Wednesday is normally the day of the week that IRS federal taxreturns are deposited. This is true for those in California oranywhere in the U.S.
Call the FTB at: . 800.852.5711 . 916.845.6500 . But wait until next week to do it. The lines will be jammed this week.
That's impossible to say. It depends on your deductions, exemptions (dependents), what credits you are eligible for (EIC, child tax credit, additional child tax credit, saver's credit, making work pay credit), which of the 250 million different education benefits you are eligible for, whether you… lived in a natural disaster zone or took in a refugee from a natural disaster zone, where your income was from (capital gains, qualified dividends, self-employment), and a whole list of other factors too large to list or remember. ( Full Answer )
http://www.irs.gov/pub/irs-pdf/p2043.pdf Refer to this link. It is the IRS schedule for tax refund deposits. In general if your return is accepted by the IRS by 11am on Thursday, you will receive your refund the following Friday. Please advise that the return must be ACCEPTED by IRS. In addition, th…e home buyer credit and other more complicated forms can hold up your return. If you have specific tax questions remember to go to a CPA not a general tax preparation office. ( Full Answer )
Depending on where you live or where you buy something it is 8%+. Some cities/counties are almost 10% these days.
Depending where the car is purchased and registered. Cities, counties have different tax bases. If you purchase a car in Tracy (8.750%) or Tahoe City (8.250%) and registered the car in Pleasanton (9.750%) or Oakland (9.750%) DMV would charge the additional monies.
It all depends on how many exemptions you claim..how much you paid into taxes, how many deductions you have and whether or not you qualify for any tax credits. You can go to H& R bocks website and try their refund estimator tool (its free) to give you a better idea of how much you can expect to rece…ive or pay. ( Full Answer )
For a qualifying child dependency exemption the amount is 3650 for each exemption for the year 2009
If you have earned income you claim as many as you have for an exemption however for the EIC credit you can only claim 3
The amount one pays as income tax depends on their TAXABLE income. It is a percentage of that income. The exact percentage used depends on the level of that income. Taxable income depnds on many things: Earnings from employment for sure, earnings from other sources (investments, government paymen…ts, etc.), and even then certain items of each may be not included, or things you may not receive in cash may be included. For example - the contribution to a 401k is not taxable income, even though it is part of your salary. On the other hand, certain benefits you may receive, like employer paid life insurance, car allowances, even access to a cafeteria that has reduced prices because of an employer supporting it), may result in taxable income to you. Once the amount of taxable income is determined, then the deductions to that income are applied. For example, interest paid on the mortgage for your home, number of dependent children, number of other qualifying dependents, medical costs, certain expenses of making that income, state taxes paid, etc.). Hence, any 2 people, holding the exact same job at the exact same salary and benefits, may well have 2 entirely different tax amounts due. Once the amount of taxable income is determined, looking at the tax rate charts (made by filing status, for example single filer verses married filing jointly), for that income determines how much one actually must pay. THE AMOUNT ONE RECIEVES "BACK" AS A REFUND IS SIMPLY HOW MUCH THAT IS LOWER THAN THE AMOUNT THEY PAID IN AS ESTIMATED PAYMENTS - OR IN MOST CIRCUMSTANCES - THROUGH PAYROLL WITHHOLDING. You actually controll how much that was when you completed your W-4, and hopefully it is about right fior the amount needed to be paid, or you incur penalties and interest. Simple Common Sense: It really makes no difference since the only time you actually do WANT to file is when the IRS says you don't have to! They don't do that because it's good for you. They do it because it is more likely to be good for them . Certainly if you don't have to file, NOTHING BAD, in fact only good things, can happen by doing so. Federal Taxes are the same throughout the country. State tax laws are specific to each area. Whether you have to file a tax return (or pay tax) depends, in part, on your filing status, deductions, amount & type ofincome. There are no such things as "start and stop" ages, not having to pay because of retirement or on social security or working from home or a student. It is all addressed as a matter of"how much TAXABLE income." (Note: working isn't relevant either, as many people who don't work or are retired, or disabled, or old, or young, or in school, have income from many sources: savings, investments, etc. TAXABLE income is different than what you may otherwise think of as income. In most circumstances, you have to do many of the calculations needed to file a return, just to determine what taxable income may be). Likewise, there are no special or fixed rates for retired, student, doctor, sanitation worker, President, convict...whatever. The amount of taxable income after applicable deductions and adjustments determines the rate applied to your particular situation. The rate, as well as the amount, you pay changes as the amount of income does. ( Full Answer )
No. If you did not pay any taxes or have them deducted from your paycheck, you can not get a refund. However, because of many special programs in the tax system, the earned income tax c credit programs most noteably, you may receive what would seem like a "refund" of taxes that you didn't even p…ay! These same credits may be provided over the year in each of your paychecks and you should talk with your payroll manager about it. ( Full Answer )
How much is the tax on a pack of cigarettes in California and can you deduct that tax on your taxes?
Are you on drugs? You want the government to give you back the taxes you pay on cigarettes? You realize that the reason the taxes are so high is mainly as a deterrent to smoking, as well as to generate revenue. Why would they give you this money back!!
In most states, the child tax credit is 1500 dollars. So for three kids you're looking at 4500.00 bucks! Sounds good....
7 days if you e-filed your return and chose direct deposit. . 2 weeks if you e-filed your return and requested your refund by mail. . 8 weeks from the date you mailed your return.
No. But a person with a judgment against you may be able to intercept or garnish your tax refund.
You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numbers that you are looking for. If you would like to do some estimated tax calculations you would need to go to the IRS gov w…eb site and use the search box for 1040ES go to page 6 for the 2010 Tax Rate Schedules page 7 has the estimated tax worksheet. The tax brackets for 2010 will be on page 8 of the 1040ES. You would add all of your gross taxable wages from the W-2 forms box 1 wages, salaries, tips, etc and any other net profit from other earnings that you have in your hand and that amount would be a added to all of all of your other worldwide gross income total and that is the amount of income that would be used to start with to calculate your estimated taxes for the year. You can find the estimated tax worksheet and instructions by using the below enclosed information If you would like to do some estimated tax calculations you would need to go to the IRS gov web site and use the search box for 1040ES go to page 8 for the 2010 Tax Rate Schedules and page 7 for the worksheet. You can try anyone of the online estimated tax calculators for some estimates to get an idea of what things may look like after using the correct IRS forms and compare the numbers. Use your search engine and type ESTIMATED TAX CALCULATORS and you will be able to find several of them that you can use for this purpose. Click on the below related link ( Full Answer )
Have a lot of patience and wait while the IRS completes processing of your income tax return and accepts it as you filed it. If the IRS determines that they need more information from you they will be sending you a letter or notice with a phone number and name to contact and instruction on what you …will need to do about the matter. To check on your refund, go to the IRS gov web site and choose "Where's My Refund" or call the Refund Hotline at 800--829--1954. Please allow 72 hours after you electronically file or 3 weeks after you mail your return before using the automated systems. When you call, you will need to provide your Social Security number, your filing status, and the exact whole dollar amount of the refund shown on your return. There are several reasons for delayed refunds. Go to the IRS gov web site and use the search box for Topic 303 for a checklist of common errors when preparing your tax return, and for additional items that may delay the processing of your return. You can click on the below related link ( Full Answer )
The IRS will assist you in obtaining a replacement check for a refund check that is verified as lost or stolen. Go to the IRS gov web site and use the search box for Form 3911 (Rev. 4-2009) Taxpayer Statement Regarding Refund Go to the IRS gov web site and look at top right side above the sear…ch box and choose Contact IRS Click on the below related link ( Full Answer )
You can go to your state tax department web site to find a place that you can use to check on your state income tax refund.
How much income does a family of three children under eighteen in California receive before they don't qualify for assistance?
You really should contact your local Department of social services to make sure that you get the correct information that you will need for this purpose. You can try using the Related Link below website address to find some contact information and maybe the other information that you need.
How much income does a family with three children under eighteen in California receive before they do not qualify for assistance?
You really should contact your local Department of social services to make sure that you get the correct information that you will need for this purpose. You can try using the below enclosed website address to find some contact information and maybe the other information that you need. dss.cahwnet.…gov/cdssweb/pg54.htm ( Full Answer )
No its not taxed. When you receive your refund, you will notice that their nothing withheld from your refund of any sort. You definitely do not have to report your refund to the IRS-its your money that you earned.
Somewhere between $37,000 and -$37,000, most likely. It depends on a lot more factors than just how much you made. Like,for instance, how much you paid IN already. It's at least possibleyou won't get a refund at all and will instead owe money (that'swhat the -$37,000 figure represents).
That depends on how much income you have. Each child if they are considered dependents are as of last year worth 3500 a piece in a standard deduction so by that alone if you make under 35k you will owe nothing. With other deductions and the earned income credit you might actually get back more money… than you have paid in. ( Full Answer )
If you used a tax service, you can usually call them and they will have your records. If you used a tax software on your own computer, it should also be in those records. If you did them by hand on your own, I'm not sure how. Look through you're own records. I suppose it may be possible to contact t…he IRS and ask them. ( Full Answer )
The IRS web site shows recent averages, $2,913 in 2011, for example but the average is meaningless. To start with people who would get a small refund don't bother because it will cost more to have a tax professional help them with the confusing tangle of forms and details than they'll get back. The …tax code makes many distinctions and its unlikely two people with the same earnings pay the same tax even if their general situations appear identical and otherwise quite average. ( Full Answer )
Can the father of your grandchildren who pays no support at all claim children as his dependents for tax refund?
No. In order to claim a child as a dependent the claimant must be able to show they have contributed more than 50% of the child's financial needs, regardless of whether or not a child support order exists.
The average tax refund for families form the United States of America in the year of 2012 is $2,803. That number is down about $100 from the 2010 average.
A tax Id number is used to identify a business entity. Usually all businesses need a federal tax ID number. In California, you have to go to the IRS website and fill out the forms required to get tax ID number. These forms are free.
The amount of your refund depends on a lot more factors than that.You can download the forms and instructions from the IRS and figureit out yourself, or you can consult a tax professional. We can'thelp you here.
Tax refunds and tax credits provide funding for the businessstart-up and expansion by subtracting certain costs in the annualgovernment tax bill of the business. Your company may make anapplication for tax refunds of past costs or receive tax credits onfuture projects. These regulations give a finan…cial break that mayrelease your business' income permitting further development andsecurity. ( Full Answer )
The California sales tax rate is currently 6.25% . However,California adds a mandatory local rate of 1.25% that increases thetotal state sales and use tax base to 7.5%. Depending on localmunicipalities, the total tax rate can be as high at 10.0%.