My dad has 2 dependents and earn $1050 /month (take home).
He could hardly save. How much could be his tax return after filing?
Status: permanent resident, NY.
Is there any website which discuss this subject broadly?
Thanks.
2006-10-30 08:47:50 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The IRS website has tons of info. Here is a link to their 1040ES form which you would be able to use to estimate your dad's taxes. http://www.irs.gov/pub/irs-pdf/f1040es.pdf.
Be sure and chek out the Earnedcome Tax Credit stuff here http://www.irs.gov/publications/p596/index.html and the Child Tax Credit here http://www.irs.gov/pub/irs-pdf/p17.pdf
2006-10-30 09:05:36 · answer #1 · answered by curious george 5 · 0⤊ 0⤋
there are a number of things that influence your tax return, like how much he makes a year, how much tax do the fed and state take out of his paycheck each month, how many dependents does he claim during the year? does he file a long form or short form? if you always get a refund every year it means you've paid too much tax during the year and need to adjust your withholding on his paychecks.
2006-10-30 09:17:24 · answer #2 · answered by R K 7 · 0⤊ 0⤋
The website is:
www.nystax.gov
2006-10-30 08:58:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋