If it's all from a job where social security and medicare has been taken out, you'd get back all your income tax withholding if you made under $5350 if you are a dependent, $8750 if you aren't. You won't get the social security and medicare back though.
2007-09-20 14:21:12
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answer #1
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answered by Judy 7
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If you are Single and no one can claim you as dependent, then there won't be any federal tax if your income is $8,750. But if your only income is $8,750 and it is earned income (from wages), then you will get a check for $260 plus any federal tax withheld from your paycheck. The amount $260 is earned income credit.
And if your only income is earned income and is near about $10,200 then your EIC will be almost equal to your federal tax on $1,450 ($10,200 - $8,750). So you will get 100% federal tax refund if your earned income is $10,200.
2007-09-21 02:28:56
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answer #2
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answered by MukatA 6
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IRS: Earned Income Tax Credit http://www.irs.gov/individuals/article/0,,id=118200,00.html
2007-09-20 14:22:46
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answer #3
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answered by newmexicorealestateforms 6
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