Jan
I live in Utah. I have 2 kids. I made $6505.19 in wages. I rent my home. My federal taxes taken out total was $143.34. I think that is all you need to know. Thanks for any help I recieve!
Answer:
You will get the $143. that you paid in plus if you look up your income of $6505. on the EIC table (www.irs.gov) with 2 children you will get $2610. for EIC. Plus you may qualify for additional child tax credit of $1000 per each child.
You should go to the www.irs.gov website and prepare your return for free. Its simple and you can do direct deposit and e-file for free.
Answer:
My suggesting honestly is to use Turbo Tax. It is awesome and will do everything for you and Maximize your deduction. It will tell you how much you are getting back before you have to pay for it.
IT can even efile it for you and the money will be directly deposited in your bank. (It only costs about 15 bucks too).
Now directly to your question, You will owe NOTHING in federal taxes.
Put on the plus note, you will qualify for Earned Income Credit if you and your kids are US citizens and have lived with you for most of this year.
I'm guessing a couple grand.
Do that though. Use Turbo Tax. There really is nothing to lose! It's 100% free up to the point of filing.
Also be sure not to do that stupid Rapid Refund stuff that costs a fortune.
www.turbotax.com
Hope I helped you
Answer:
If you go the IRS website there are several sites through there that you can prepare and do your taxes online. Even if you don't want to go all the way through with filing them online, you can go all the way through the process and then just don't click the button that tells you to process them. This way you will actually have a more acurate idea.
Answer:
if you earn tips you will have to calculate that in there somehow
you will also get an earned income credit child credits for each of your children.
only the interest on mortgages is deductible, not rent.
Answer:
Go to the post office or libiary an get a 1040EZ and do your taxes…its simple….I'm a little concerned that they only took 143 out….Thats only 2 %….
Answer:
How could you have possibly supported a family on only $6500 dollars???? I assume you are on various forms of public assistance…but just the same, you are might be eligible for the EIC, and of course you would get all of the money withheld returned, as you have a negative tax liability…the standard deduction is 5350, plus 3500/child, and the personal exemption is an additional 3400 for you and for each child…plus whatever HoH gets…so in theory, you could have made over 16,000 and still gotten all of your money back….so you will most likely get the 143.00 plus the EIC (not sure what it is, but I think it's around $1000-1500 if you qualify, you might not have made enough to qualify) Hope this helps…but your best bet is to just grab a form 1040, fill out the appropriate boxes, and then use the IRS's charts to figure out if you qualify for the EIC…but whether you get the EIC or not…you will automatically get the $143 back
Edit: BTW… the IRS offers FREE electronic filing for low-income people (I seem to remember the cut off being around 30K or so…)
Answer:
i would say around 2500 to 3000 go to hrblock.com and use the calculator it will estimate your refund for you. Book Mark it-> del.icio.us | Reddit | Slashdot | Digg | Facebook | Technorati | Google | StumbleUpon | Window Live | Tailrank | Furl | Netscape | Yahoo | BlinkList