I work as a Bank Teller and I live on my own in a 2 bedroom, 1 bath apartment. Im 18 and I made about 12,000 this year will I be getting anything back is there something I can claim to get anything back?
2007-11-30 01:27:17 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You cannot guess at this. The only way to know how much, if anything, you will get back is to do your taxes. Sorry!
2007-11-30 01:30:50 · answer #1 · answered by rojo_jojo 5 · 0⤊ 0⤋
If you can still be claimed as a dependent by your parents your taxable income is $6,650 and the tax would be $665. If you can't be claimed as a dependent your taxable income is $3,250 and the tax is $325. Subtract the appropriate amount from what was withheld in Federal income tax and that's about what you'll be looking at for your refund.
2007-11-30 09:41:30 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 1⤋
That depends who you claimed as dependents. If you claimed 0 then they take more $ out for taxes out of your paycheck. If you claimed 1 (yourself), they take less out but in the end after filing in April, you would get less back. Nobody could give you a number or tell you what you can claim.
2007-11-30 09:33:44 · answer #3 · answered by KathyS 7 · 0⤊ 0⤋
Your federal income tax will be around $325 if the $12K is your total income for all year. If you have more than that withheld, you'll get the extra back.
2007-11-30 09:38:53 · answer #4 · answered by Judy 7 · 1⤊ 0⤋
here is the H & R Block 2007 Tax Refund Estimator. should give you an idea
http://www.hrblock.com/taxes/tax_calculators/index.html?calcIndx=1
2007-11-30 09:30:15 · answer #5 · answered by smckech1972 4 · 0⤊ 0⤋
It all depends on how much you had taken out.
2007-11-30 09:29:37 · answer #6 · answered by I love my baby boy! 5 · 0⤊ 0⤋