How do I determine how much tax money I will get back?

how much tax i get back

Answers

Was the 2 jobs regular jobs where you were a employee with an employer that withheld the required social security and medicare taxes and maybe some federal income tax amounts?

If that is correct I will try to give you an estimate but with out knowing if you had any federal income tax withheld you will not qualify for any amount of a refund check from then United States Treasury Department because your standard deduction amount is 5700 of income that is free of federal income tax for the tax year 2010 and 2011 when you are a qualifying child dependent of another taxpayers.

A full time student for 5 months of the year living with the parent in the parent home under age 19 or under age 24 and still a full time student not furnishing MORE than 50% of your own support you will have to fill out you 1040 tax form correctly and completely and on page 1 of the 1040 tax be sure and check the box indicating that you are a dependent of another individual taxpayers return and when you get to the line

for the exemption amount you will have to enter -0- ZERO as the correct amount on your own income tax return because you will not be allowed to claim your own exemption amount on your own 1040 tax 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 2010 preliminary tax tables subject to change by the IRS.

1040 Tax Calculator for 2010 Estimated Taxes

Your taxes are estimated at $0.

This is 0.00% of your total income of $5,000. Your total tax payments and refundable credits for the year were $0. Your tax refund is estimated at $0. Your income puts you in the 0.00% tax bracket.

You can play with the enclosed website estimated tax calculator to try and get some good practice and a learning experience and keep the website address available for your future use

Hope that you fine the above information useful.

Source: nz.answers.yahoo.com

Category: Taxes

Similar articles: