how much do i get back from taxes?

Question

I work at sears..and my gross for the year will probably be around 7,000. IDK what I claimed. I have no idea how taxes work, do I get back all of federal and then some state? What percents? I live in maryland

Answer 1

If you are not a dependent of someone, then you should get all of your federal income tax withholding back. If you are a dependent, like of your parents, then you will owe some federal tax so you won't get everything back - if you paid in more than the total you owe, you'd get the difference back, otherwise you'd have to pay the rest of what you owe.

You will not get back the amount withheld for social security and medicare - it might say FICA on your check stub.

For Maryland it'll depend on how much you owe and what was deducted - you could end up getting some back, could end up owing, or could break even with them.

Answer 2

We had no National Debt 9 years ago. If my history serves me a republican came into office and changed all that. 100 years ago these things did not exist. 100 years ago it was 1908 and Taft was President. Well remembered for his 4 years. I am trying to think of the term that would be used if the US had maintained ownership of all this infrastructure and owned the sole share of an industry. Darn - what is the opposite of free trade and capitalism. In 1907 there was an event called the Panic of 1907, also known as the 1907 Bankers' Panic. Sound familiar? My opinion is when you read propaganda like this use that spark to read the history and seek facts. Why was this worth posting? In my opinion posting and emails like this help to spread ignorance.

Answer 3

You won't get the social security and medicare taxes back.

If you are Single Dependent (some one can claim you as dependent), then your exemption is $5,350. Your taxable income is $1,650. Your federal tax is $165. Anything over $165 you paid, you will get back.

If you are Single and no one can claim you as dependent, your exemption is $8,750. You will get back all your federal tax withheld. You may even get back more than what was withheld due to Earned Income Credit.

If you are getting federal tax back, then you will probably get some state income tax back.

Answer 4

If you claimed zero and no tax liability you will probably get most if not all of it back. The best way to find out is to talk to the human resources department or payroll.