I'm going to file for tax return for the 1st time. what taxes do i get back?(i live in california)?

Question

here is a list of taxes california took out of my checks for year 2007

Social Security Tax ( i know i don't get that back til i'm 65)
Medicare tax ( i know i dont' get that back)
CA SUI/SDI TAX
Federal Income Tax
CA State Income Tax

10 POINTS FOR BEST ANSWER :)

for federal income tax they took out $73.62 year to date
for CA State Income Tax they took out $0.19 (whatever) year to date
for CA SUI/SDI tax they took out
$19.72 year to date

including everything else i made $3,287.44 year to date working in retail (linens n things)

i'M ONLY 17

Answer 1

Since you did have Federal income tax and CA State income tax taken out of your earnings, you should be able to get some or all of your taxes depending on how much money you made, the type of work you did, and on how much taxes were taken out of your paycheck. Also, depending on whether or not you can claim a dependent on your tax return. However, I'll just assume that you are young, single, with no children or dependents and just say you'll probably get a portion of your taxes back that were taken out of your paycheck. If you want more information on filing your own taxes, just call the IRS at 800-829-1040 for your federal and you can ask them for the state number cause I can't recall it right now.......

Answer 2

When filing for federal or state taxes there are two different methods you can use: Standard deductions or Itemized deductions. If you do not own a home, and being that this is the first time you're filing for taxes it is safe to assume that you do not, you will more than likely be better off to take the Standard deduction. The amount of taxes you will get back (or if you're unfortunate the amount you owe) will be determined by how much you earned and how much state and federal taxes you paid from your income. After you have completed your tax form the tax guide booklet will have you look up on a tax table what your taxes are for the income you made in the year. If that amount listed on that tax table is less than the total taxes you paid throughout the year, then the difference is what is owed to you. If the amount listed on the tax table is more than the total taxes you paid throughout the year, then the difference between the two is sadly the amount YOU owe the federal or state government.. Let's hope the latter is not the case...

I am by no means a tax expert, but these are things I've learned from my many years of submitting tax returns. If you need help or have further questions you should call up the IRS helpline or consult a professional tax consultant (or a family member that has had previous experience). You will more than likely use the 1040EZ form, but again, please consult other resources to make sure this is correct. Since this is your first time submitting a tax form and since you probably don't have too much income to report it shouldn't be too complicated to do.

Good luck!

Answer 3

You might get something back on the state and federal income taxes. Of course if not enough was withheld from your pay you could even have to pay at filing time. It all depends upon your total income and how much was withheld from your pay.

You'll get nothing back on the Social Security, Medicare or CA SUI/SDI.

Addendum: With your income, you'll get back the $74.00 Federal income tax withheld. You'll get nothing from CA, since it's less than 50¢.

Answer 4

You have to file a federal return and a california return. You may or may not get a refund. It depends on a lot of factors. SUI/SDI is unemployment/ Disability insurance through the state
Try this tax calculator
http://www.irs.gov/individuals/page/0,,id=14806,00.html

Answer 5

You might get back some Federal Income tax, and CA State income tax... it all depends on your total income, and total withholdings.

For an estimator of your federal taxes, you can try the site below:


http://www.finance.cch.com/sohoApplets/Tax1040.asp

Good luck.

I hope that helps.

Answer 6

Hi, I live in California too, but alas am not 18 yet... You will most likely get a positive return as it is your 1st year but it does depend on several factors:

1: How much you donated will add to your return
2: How much you payed.
I can't really think of any more factors ATM, but I will recommend you get a program called Turbo Tax... it really makes things easy.

Regards,
Cookie

Answer 7

If you had more money for state or local income taxes deducted than you owe, you will get a refund for the difference between what you owe and what was deducted for each one. There are no refunds on the others.