How much of a tax return should i get

how much of a tax return should i get

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FEDERAL WITH HOLDING Or was it FIT FEDERAL INCOME TAX WITHHOLDING $$$$ AMOUNT for this purpose. And will this 5528.25 be reported in the Box 2 of your W-2. show more FEDERAL WITH HOLDING

Or was it FIT FEDERAL INCOME TAX WITHHOLDING $$$$ AMOUNT for this purpose.

And will this 5528.25 be reported in the Box 2 of your W-2 form after the end of the tax year 2011.

Or does the 5528.25 also include the FICA social security and medicare tax amounts.

Go to the www.irs.gov at the website using the search box for 1040ES and then go to page 6 also has the 2011 Tax Rate Schedules and page 7 has the estimated tax worksheet available for your use also.

Self-Employment Tax and Deduction Worksheet for Lines 1 and 11 of the Estimated Tax

Worksheet page 6 of the 1040ES form for this purpose

2011 Estimated Tax Worksheet Keep for Your Records

1 Adjusted gross income you expect in 2011 (see instructions). 1 $$$

2 • If you plan to itemize deductions, enter the estimated total of your itemized deductions.

• If you do not plan to itemize deductions, enter your standard deduction from page 2. > 2

4 Exemptions. Multiply $3,700 by the number of personal exemptions.

4

6 Tax. Figure your tax on the amount on line 5 by using the 2011 Tax Rate Schedules on page 6.

Caution: If you will have qualified dividends or a net capital gain, or expect to exclude or deduct foreign earned income or housing, see chapter 2 of Pub. 505 to figure the tax. 6

7 Alternative minimum tax from Form 6251. 7

8 Add lines 6 and 7. Add to this amount any other taxes you expect to include in the total on Form

Enter your filing status, income, deductions and credits and we will estimate your total taxes for 2010. Based on your projected withholdings for the year, we can also estimate your tax refund or amount you may owe the IRS next April 2011. Please note that this calculator uses the finalized 2010 tax tables and includes tax law changes passed as part of the "Tax Hike Prevention Act of 2010".

You probably can find a estimated tax for your state income taxes by going to your state income tax department website and use the search box for estimated tax calculator at that time in your life.

I would hope that you do find the above enclosed information useful for your situation and good luck to you with this matter. 12/08/2011

Bobbie · 4 years ago

Source: answers.yahoo.com

Category: Taxes

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