Question about tax return?

Question

I had my 1st job this summer I worked 4rm the end of May to the second week of August for min. wage. I also have 1 yr old daughter. My question is what exactly do I need to do to get my taxes back? I am going to go to H&R Block.
Do you know how much I would get back? Or where I can find out? I made over 2000 dollers. I just wanted to know before I went to H&R Block.

Thanks

Answer 1

Ordinarily, just filling out the 1040EZ and avoiding anyone charging you to fill it out for you would be my reccomendation. But your daughter changes everything!

First of all, you simply did not earn enough to owe any tax at all. None. So any amount withheld for federal income tax withholding will be refunded. Probably not much anyway as it looks like you earned about $200 a week and, if you claimed two exemptions on your W-4, that wouldn't lead to any deduction.

But second, you almost certainly qualify for the Earned Income Credit. This is probably about $700 for you and her. In addition to any amount withheld weekly.

But... if you fill out the 1040EZ and fill in the part about her and tell the IRS to calculate your credit, they will happily do so. (Their computer will spend time doing so in order to check what you fill in if you fill it in yourself, so there is no delay either way and it's much easier to let them do it.) In that case you don't need to pay H&R Expensive Block for anything.

Of course, if you hope to give them a huge chunk of that money in order to get the cash a week or two sooner, I guess you do. Hope not!

One more thing: if you fill out Form W-5 when starting a job, the employer has to pay that EIC to you in advance — so you get it weekly instead of waiting until the end of the year. (The employer doesn't pay it for real, they just add it to your check and deduct it from the amount they have to send in to the IRS for the withholdings from all the other employees. And no employer can refuse to do it — they get fined and penalized.)


Added:

Those folks make some good points about your parents. Since it seems likely they, or someone, provided way over enough support to be able to claim you as a dependent, you should figure your EIC alone (in either case, you will file for a refund of anything you had withheld) as above, then have them figure their taxes with you as a dependent and without. If, for example, you would get $700 in EIC filing as head of household so they cannot claim you, compare that to the difference claiming you makes for them. If the tax for them is $5,000 with you as a dependent and $6,000 without you, that's a $1,000. If they gave you the $700 you would have gotten from the EIC, they get to keep the other $300 themselves. (Given they gave you a LOT more than that during the year, it might be nice to offer less than the $700 even though that is less than you could get by being selfish. Why bite the hand that feeds you and your daughter, eh?)

Answer 2

Save your money on the filing at a commercial location and file for free via the IRS free efile program. Since you have a relatively simple tax situation, you can easily file yourself, at no charge , through the official, and free, IRS site. It will be available in a few weeks, but the web site can be found now at the link provided here. There is a good possibility that in your situation, you will at least get a refund of some of your taxes paid from your wages and qualify for additional benefits. Although you want to know now how much your refund will be, waiting a few weeks and doing it your self will save money. Also, even if you do go to a commercial service, you will need to have your w-2 sent from your employer, and that is usually not mailed to you until the end of January. Be patient , learn a little, and save some money.

Answer 3

Check your last paystub and whatever amount was on the Federal Income Tax Withheld line is whatever you will get back.

The reason is that you made $2,000 but the standard deduction for you (if you are single) is $5,150 and your personal exemption is $6,600 ($3,300 each for you and your daughter) thus your taxable income would be $0.

You can get the Earned Income Credit along with your full refund. I'm not sure how much but I would go with the previous posters amount.

As for the Child Tax Credit, it's $1,000 per kid, but it's a non-refundable credit thus it can only reduce it to $0 and no lower.

Answer 4

If you only made about $2000, you should get back whatever you had withheld.

Before you go to H&R Block, take a look at the tax forms on irs.gov and see if you can fill them out yourself - you'd save quite a bit over paying their fees. Another suggestion would be to look for a VITA site near you - check irs.gov and key in VITA into the search box,or call 1-800-829-1040. Trained VITA volunteers will do your return at no cost.

Answer 5

Don't go to H& R block it'll cost u too much
U'll get the EIC (earned income credit) which means u'll get all of your taxes back + the EIC

Try turbotax, follow the questioning carefully - just try it, it's easier than u think. Ypu can also do rapid refund, but if it's your first time it can take from 7 to 10 days for the refund.

Also make sure you don't owe any taxes because they will take it out of your refund.

Good luck
accountant

PS you can also try efiling on the irs.gov website

turbotax.com

Answer 6

first off, H&R Block will not be able to tell you anything without your w-2's. Your w-2's come from your employer and is your tax information that a tax assistant would need to help you. I can tell one thing, if you are being claimed by a parent then you can't file taxes. I have known teenagers who work and want to claim taxes for the refund to work out a deal with the parent since the parent gets more money back filing head of household and more money the more dependants they claim. You also can't claim you're child if your parents are claiming her.

If they aren't claiming you, I can tell you that you would get a $1,000 or $2,000 claiming a dependant and maybe a couple of more hundred dollars for your tax refund. Like I said, your parents get more back for claiming you and your daughter so if you can work something out then do that, it works out best for the both of you.

Answer 7

You will get your withholding back. Whether you get the Earned Income Credit for your child depends on your age and student status.

Your withholding is shown on your W-2 or last pay stub. If you earned $2,000 the Earned Income Credit is about $680.

Answer 8

if you know what you are doing you can go to irs.gov
that has the forms and you can print it out and work it up
you will need to know your full pay and amount withheld. It should be on your last check if not you need to wait for your w-2
you should get it all back. about the first 5000 is not taxable
I do not know if you will get more. I do not know if you qualify for earned income credit or if youget child support and some more info

Answer 9

Go to a tax preparer to get the proper advice. It seems like you should get it all back based on the limited information you gave us. If you live with someone else, such as your parents, it maybe more beneficial if they claimed you and your daughter as dependents. Best to go see a tax preparer to figure this out.

Answer 10

There are many websites that you can use to do your own taxes, taxactonline.com charges a small fee(usually less than 10 dollars) for you to file electronically. They will guide you through it and it takes less than 20 minutes. HR Block will charge a minimum of 80 to 100 dollars.