How much should I expect back as a tax return?

Question

ok so far i made $5526
fed has taken out $410
employee medical $80
social security $342
ny state $62
and ny disability $18

this will be the first time im doing my taxes and im also going to college my load was for $2000

Answer 1

If you can be claimed as a dependent you will have a tiny tax liability of less than $30 or so. You'll get the rest of the Fed income tax back when you file your return. If you're not a dependent you'll get it all back.

For NY state you may or may not see any refund, I don't have the NY information handy.

You won't get any of the Social Security, Medicare or NY Disability back at all.

BTW, the tax return is the thing you file. What you get back (maybe) is called a refund.

Answer 2

What you should really "shoot for" when you set up your W2 is having just the right amount of tax taken out of your pay so that come tax-time you file and get NOTHING back; otherwise you just made a year-long 0% interest LOAN to the government!