I plugged in my details at HR Block and then Citzen Tax. The refunds were $1000 off! I am on a very tight budget and this tax refund is a lifeline. I want to make sure I get the most back. My w2s were: Job 1: 13610.84, federal income tax withhead: 1955.90
Job 2. 14990.40, fed. income tax withheld" 1823.96 Job 3. 278., fed tax: 18.00
I am also eligible for that $40 phone credit.
Why is my refund coming up only at $2645? Shouldn't I get almost all of it back? I am married filing jointly and my spouse doesn't have an income.
My total income for 2006 was 28600.94
with unemployment 2658.00 with 270.00 withheld.
Can someone please give me a ballpark figure? Did I go wrong by filing married jointly? HELP.
2007-01-28 13:54:29 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Here's a ballpark figure, based on these assumptions:
You can legitimately file married. You have no children/dependents. Your husband had no income.
Your total income was about $30,000 gross and you've had withheld about $4,000. You were born AFTER Jan 2, 1942.
Looking at the long form 1040 line 22 and 37 and 38 are $30,000.
You get to subtract $10,300 (standard deduction, line 40) and $6,600 (2 exemptions, line 42, you and hubby) giving you
taxable income of $13,100 (line 43); your tax would be $1,308 (the 10% range for your filing status, page 84, and page 68 table), implying you'd get $2692 of your $4000 federal w/h back. (The $40 {line 71} credit would of course increase that to $2732.)
2007-01-28 14:51:34 · answer #1 · answered by answerING 6 · 1⤊ 0⤋
I think u went wrong when filed jointly because she has no income and there is no way to prove it so u should file married but not jointly try that and see what the diff is and if u get more back. go with the one that give s u the most back. Hope this helps.
2007-01-28 14:08:07 · answer #2 · answered by *star* 2 · 0⤊ 0⤋
Im not sure with out putting you information into a tax website. But i entred my stuff in a couple websites before using Taxslayer.com and i got back the best refund. Try entering it in there soooo easy! and see what they say. Good luck
2007-01-28 14:03:42 · answer #3 · answered by fine_ass_fatty21 4 · 0⤊ 0⤋