If you make under 12000 dollars a year..?

Question

Do you get a full tax refund? I mean does all of the cash that the government took get paid back to you?

Answer 1

If you don't have kids, NO, you won't get everything back. You never get social security and medicare back. You should get some of your federal and state back but it depends on how much you had withheld.

If you have kids and are single, YES, you will get everthing back. You should get all of your federal (and possibly state) back plus the earned income credit which wipes out the social security and medicare and then some.

Answer 2

You do not get back any of the social security, FICA and medicare tax. You may or may not get back all of the income tax. If your deductions and exemptions come to at least $12000, then you will get back all the income tax. If the tax on the remaining amount is less than your credits, then you will get back all the income tax. Otherwise, the amount that you do not get back = (tax on ($12000 - your exemptions - your deductions) ) - (your credits)

Answer 3

I am answering this based off of having children, because if you have kids you get a nice, fat check from the government. A few years ago I worked and got over $3,300 back.

Answer 4

1st need to know how you file?? (Single, Married Filing Jointly or Filing Separately, Head of Household, Widower)need to able to figure out your standard deduction first? give you more when your able to respond. As a previous accountant been doing taxes of all sorts forever - also are your wages W-2 wages??

Answer 5

yes