2007-12-17 01:35:39 · 6 answers · asked by Misty J 1 in Business & Finance ➔ Taxes ➔ United States
It depends on how much money you make.
2007-12-17 01:38:52 · answer #1 · answered by countryguyhfc 5 · 1⤊ 0⤋
It all depends on your total income; plus how many of the dependents are under age 17. For those under 17 you have a thousand dollars a head in potential child tax credit due you and yada. Taxes are like a puzzle; you have to put all the pieces together to see what you have a picture of.
2007-12-17 10:52:37 · answer #2 · answered by acmeraven 7 · 0⤊ 0⤋
Like many tax questions, I'm afraid this cannot be answered yes or no.
Everyone's circumstances are different, and the only real way to tell is to crunch the numbers based on your own situation. The number of dependents you have is only one variable in computing your refund or balance due.
2007-12-17 09:57:33 · answer #3 · answered by taxreff 7 · 1⤊ 0⤋
If you make under $25K or so, then yes, probably most or all of your federal withholding. If some of those dependents are your kids under age 17, then the amount you can make and get most of your withholding back is a lot higher. But if you are high income, then you won't get most of it back.
2007-12-17 09:40:59 · answer #4 · answered by Judy 7 · 1⤊ 0⤋
Generally, yes you will. However, if you make over $1,000,000, for example, you will not get most of your tax withholdings back.
2007-12-17 09:46:24 · answer #5 · answered by Steve 6 · 1⤊ 1⤋
that is called the litter refund
2007-12-17 09:44:37 · answer #6 · answered by Anonymous · 0⤊ 1⤋