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8 answers

You will get back $3,132, assuming your earned $36,000 as an employee and had $7,000 in federal income taxes withheld, do not itemize, and are eligible for the standard deduction and exemption amount, and file single.

Don't forget about your state taxes.

Seriously, this is a wild guess. So much more would need to be known to give you an accurate number. And the number I gave is way off if you are an independent contractor.

2007-01-19 07:03:55 · answer #1 · answered by Take Responsibility 2 · 0 0

You'd owe total around $3759, and get the rest ($3000+) refunded to you, assuming in addition to what you mention, that you're not a dependent of anyone. This assumes that the $7000 is all federal income tax withheld, and doesn't include other deductions or withholdings.

2007-01-19 11:28:46 · answer #2 · answered by Judy 7 · 0 0

Here's a better idea from the IRS themselves:

http://www.irs.gov/formspubs/article/0,,id=150856,00.html

Also, since your AGI (adjusted gross income) is under 52,000, you qualify to use "free file" through one of quite a few tax prep websites according to the irs.gov website. I used H&R Block's free file site because theirs is a name I trust and recognized from the list. As you're filing out the form using your W2s, there's a little box in the upper right-hand corner that gives you the amount of your refund or payment owed.

2007-01-19 07:08:55 · answer #3 · answered by Anonymous · 0 0

$7000 too high. Refund though only because you blew it. What did your W-4 say? If you did single zero(S0) you giving govt an interest free loan. You only get refunds if you make a bad mistake & overwithhold. Fix that W-4 to S2 & will not need to worry about any refund.

2007-01-19 08:12:43 · answer #4 · answered by vegas_iwish 5 · 0 0

I'm not sure but you could always try to check on a free online filing site such at taxact.

2007-01-19 07:03:31 · answer #5 · answered by Anonymous · 0 0

hrblock.com has a free tax estimator that is really easy to use. they ask you questions and you fill it in. i did it and they told me exactly how much i would get back.

2007-01-19 07:52:29 · answer #6 · answered by nrsldy04 3 · 0 0

7,000 sounds really low. You'll probably owe money.

2007-01-19 06:58:10 · answer #7 · answered by John K 3 · 0 1

go ask cpa

2007-01-19 07:04:12 · answer #8 · answered by wu n 3 · 0 0

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