Is there a set percentage rate that I can use to figure out how much I will get back from my tax return?
2007-03-09 08:13:06 · 9 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
I'm single, no dependants.
2007-03-09 08:23:02 · update #1
go to BECU's website. click the learn more link then on the turbo tax link. they will send you to a FREE version of turbo tax. you can fill in the info to estimate, then use it later on when you are ready to file.
2007-03-09 08:19:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No. Any refund due will depend upon your tax liability and how much taxes were withheld. Without all of the details relevant to your return there's no way to even make a wild guess.
2007-03-09 09:13:10 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
well it depends on your filing status; if you are single then you is gonna get hit pretty hard amigo. now if you is married wif children and dont make a lot of money the #WEEEHOO you done hit the jackpot earned income credit is a mofo!. If you are in a midrange to higher range income of couseyou wont be asking these questions because it wont matter will it? a single person with an income of 30000 dollars us will be jit hard with taxes a way to offset some of it is to itemize use long form keep reciepts and get a person 401 k plan.
2007-03-09 08:23:26 · answer #3 · answered by Anonymous · 0⤊ 1⤋
You can check the tax bracket that you are in here: http://www.irs.gov/formspubs/article/0,,id=150856,00.html
For example, if you made between $30,650-$74,200 last year. $34,231 to be exact.
Your required Federal tax would be $4,220 plus 25% tax of your earnings over $30,650. $895.25 would be 25% of $3581.
So total, you'd have to pay $5115.25.
Check on you're W-2's and see what the total Federal Tax taken out last year was. It should be close to that. If it's over that amount you'll give some back, if it's under you'll have to pay in.
But this is before all the other deductions, which will usually increase your refund, or decrease your pay in. It'd be easier to fiqure out if you just do your taxes.
2007-03-09 08:25:15 · answer #4 · answered by phrozen_wolf 2 · 0⤊ 1⤋
You'll get back somewhere between zero and 100%.
You need to figure out how much you owe in taxes, then compare that to what you paid in. If what you paid in is more than what you owe, you'll get the overpayment back as a refund. If your tax liability is more than what you paid in, you'll have to pay the difference.
2007-03-09 13:48:40 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
Too many variables. Check last years return. Will you make the same, more?
2007-03-09 08:19:01 · answer #6 · answered by hirebookkeeper 6 · 1⤊ 0⤋
it depends on how much you made and how much you paid in taxes and do you have dependents if you are single don't ex pact more than $500
2007-03-09 08:19:43 · answer #7 · answered by Patty 2 · 0⤊ 2⤋
Yes , depends on how much you made for the year.
2007-03-09 08:18:24 · answer #8 · answered by skimo 1 · 0⤊ 3⤋
no set %. too many variables.
2007-03-09 08:16:58 · answer #9 · answered by RichManPoorMan 2 · 1⤊ 0⤋