i made 23468 in 2006
i am single
i am 22
i filed 2 federal and 2 state exemptions
i have never done taxes before
i do not have many deductions to make (let's assume that i have the bare minimum)
I had 2598 federal tax withheld
I had 1455 withheld for social security
I had 340 withheld for medicare
I had 994 withheld for new york
2007-01-30 08:20:01 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
That is a GREAT question to be asking H&R Block
Lots of people ask them that sort of thing
2007-01-30 08:28:08 · answer #1 · answered by Mike R 6 · 0⤊ 2⤋
Go to the library or Post Office and get yourself a 1040EZ or 1040 booklet. They're usually stacked near the front door. Flip through the book and look for the Standard Individual deduction to see what your adjusted income would be. Then go to the charts at the back of the book and see what your federal tax will be. Subtract your withholding amount (federal). If it is a positive number, you get that in a refund. If it is negative, you owe that amount. While your going through the booklet, you can actually do your taxes as well. Repeat above for State Taxes.
FYI - SS/Medicare deductions are irrelevent for this.
2007-01-30 16:51:00 · answer #2 · answered by Martini61 2 · 1⤊ 0⤋
Here are the numbers.....
For federal, your tax liability is $1,875. So, you will expect to get a refund of $723.
For NY state, your tax liability is $735. So, you will expect to get a refund of $259. Also, the NY state calculation assumes that you are not a NYC resident, so no NYC resident taxes are calculated. If you are a NYC resident, you will need to add an additional $450 or so for NYC taxes, and you should have NYC withholding to help offset that.
2007-01-30 17:44:44 · answer #3 · answered by jseah114 6 · 0⤊ 1⤋
Try filing for free on the net on TaxACT.
2007-01-30 16:30:04 · answer #4 · answered by Justin C 1 · 0⤊ 0⤋