I am trying o see if it is possible to get more bac than I pd. As I pd a fortune in insurance & taxes.
2007-01-23 00:59:46 · 5 answers · asked by Diane A 1 in Business & Finance ➔ Taxes ➔ United States
If you are eligible for a refundable credit like the Earned Income Credit, then you can get back more than you paid in.
Finding additional deductions can only take your taxable income, and therefore your tax, to zero, not get you anything back that you didn't pay in. If you're already getting it all back, coming up with additional deductions won't help you any.
2007-01-23 03:09:07 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
First of all, your spelling is atrocious. The only way you can get MORE back than you paid in is if you qualify for the Earned Income Credit. Deductions will not give you more.
2007-01-23 01:08:48 · answer #2 · answered by koral2800 4 · 0⤊ 0⤋
Sorry but if you are in the US the most you can get back is what you paid in.
Unless you qualify for Earned Income Credit.
2007-01-23 01:11:30 · answer #3 · answered by Floyd B 5 · 1⤊ 0⤋
Not deductions. I think you can get back more then you paid in if you have more credits than taxes paid in.
Also, learn to spell or type.
2007-01-23 01:08:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
use your refund to go to school. you need an english course.
2007-01-23 01:07:13 · answer #5 · answered by mystery_me 4 · 1⤊ 1⤋