i need to know an estimate of what my tax refund will be?

Question

i am head of household i have one dependent and i made $31k this year

Answer 1

Tax refund depends on your tax and your payments. Figure your tax liability from the tax table. Subtract the tax liability from the tax withheld from your check.

Get your W2 - Box 1 wages = A
head of household with one dependent = (subtract $7,550 + $6,600) from A = B
Look up B on tax table = tax liability

OR follow instructions of 1040 form.

From the basic info you would calculate your refund like this:
$31,000 less $14,150 = $16,850
tax on $16,850 = $1986 less a $60 telephone credit = total tax of $1926. Subtract this from your payments (Box 2 on your W2) and that should be a good estimate of your refund. BE ADVISED, THIS IS JUST A GUESS-TIMATE....NOT ACTUAL FIGURES, SO DON'T FILL OUT YOUR TAX RETURN WITH THESE NUMBERS!

Unless somebody else prepares your tax return online... this should be the best answer...it would be my first. Vote for me!

Answer 2

Go file for free at irs.gov. Because of the Republican tax cuts, there are several tax refunds that you will get as a low-income earner. There was a one-time telephone excise tax refund if you were a hard-line telephone subscriber at any point between 2002-2005. Also, if you were affected by Hurricane Katrina, you will get a bonus.

Anyone who earned less than $52,000 is eligible to electronically file their taxes for free with a third party when referred from the IRS website. I did my tax filing in 2 hours with TurboTax (for free) and will get over $1000 back... and because the refund is electronically direct-deposit, I will get the money within 7-10 days!!!

Answer 3

I would say get on a website like Turbo Tax or H&R Block because you probably qualify for a "Free File" service. You can enter all of your information over the internet and it will give you an estimated amount of your refund. I really like Turbo Tax because it keeps a tally that is automatically updated before your eyes as you make deductions or add taxes to your return. You can do all of BEFORE you even submit your return to the IRS.

Answer 4

that's self employment earnings and your first concern is your self employment earnings with this sort of earnings you very possibly owe earnings tax as nicely in case you have made lots of the 1040ES money and ignored some, in case you seem at type 2210 and notice how the penalty is calculated based on the quarter criminal duty whether you paid the entire quantity which you anticipate owing for 2012(and the date is Jan. 17, 2013) there ought to nonetheless be a penalty for underpayment for the quarters you ignored on the grounds that your earnings is 0.5, that's quite obtainable you have already paid sufficient and confident, in case you have prepaid greater effective than you owe, of direction you get a reimbursement of that money or you're able to have it stick to to next year to do away with a minimum of one 1040ES for 2013

Answer 5

Refund depends on how much you overpaid, maybe you underpaid and owe $$$, we ain't psychic !

Just click on the 2007 Free Efile, pick a service and start plugging in numbers, pretty soon you will know.

http://www.irs.gov/

Answer 6

The only way to know for sure is to complete your tax return.