If I am a low income >$30,000 male living on my own, would I get just my deducted income tax back alone or do I get my deducted social security tax as well? I believe I only get Income, but if someone could clarify.
2007-01-31 14:40:46 · 3 answers · asked by uncletoon2005 3 in Business & Finance ➔ Taxes ➔ United States
From what I understand you will not get the SS back, just the income tax. You may qualify for the EIC (earned income credit) which could give you a boost, just depends what all your qualifications and deductions are. To be on the safe side, especially when dealing with the government ;), consult a professional.
2007-01-31 14:49:18 · answer #1 · answered by Mellissa Mojo 2 · 0⤊ 1⤋
1) You never get social security back....well technically you will when you retire.
2) At $30k in income, you will not get all of your federal withholdings back and, depending on the amount withheld, you may actually owe.
2007-01-31 22:44:59 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋
Hi,
We pay tax in advance with the before year's margin.at start financial year .financial year is between 1April to 31march.at the and when financial year end tax office count tax if we paid tax high tax office return our money.
2007-01-31 23:00:16 · answer #3 · answered by Bhargav (007) 1 · 0⤊ 0⤋