http://www.irs.gov has tax tables and info. here's an example:
MFJ with one dependent making 18000.
Joint Deduction: 10,300
Exemptions: 10200
Means pays no tax (standard deduction and exemptions add to more than income)
Earned Income Credit: 2500 approx.
Check your status, your income and your exemption, then figure the approximate amount of your taxes. Guesstimate from your last pay stub or your W2 how much you paid in. Subtract the difference to find out how much you owe or will get back.
If you qualify for EIC, then you should look that up on the table, based on your situation (single, 1 dep, 2 dep).
good luck
2007-02-02 13:23:02
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answer #1
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answered by capeal 2
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