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| *The Commerce Journal>>>United States Taxes |
Is it possible to estimate your tax refund if you know your total income? |
Is it possible to estimate your tax refund if you know your total income? Yes it is... As long as you know if you are going to be filing joint or single & ready to do some math using this 1040 worksheet here on IRS.GOV No. You need to know how much you have paid in as witholding tax. Yes, If you do not know your withholding do you know how much you claimed when you filed out your W-2? If so go to yahoo finance and go to calculators and use the payroll change calculator. It will estimate your taxes you paid already. Then with that info fill out a tax form or go to H&R Block.com and check out there caluclator. Check out this tax calculator, http://www.expenseregister.com/Home/calc... . It will tell you what your tax (federal) is, your total withholding (money you have already paid the IRS) should be in your pay stub, the difference is the refund. To estimate your tax refund or how much you owe, you will need to know your gross income, wages subject to withholding, your tax withholding, your total tax deductions, and tax credits that you are eligible to receive. You'd have to have a lot more info - your filing status, whether you have any dependents and who and how old they are, and how much was withheld for federal income tax among other things. |
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No, He did not live with him at all. Unless he is away in college. You can claim your son if he is under the age of 19 in 2007 so that isn't an issue(24 if in school). ...Be careful... I would say no. Since you get support the government might audit your sister if she claims your son. I only say that since they benefits are in your name and not your sisters.. So you... Even after it is paid, it will stay on there. If bankrputcy is filed, the lien will stay on there. And by filing bankruptcy, that probably will not even relieve your family member of that tax lie... If you need help filling out the worksheet, call the IRS at 1-800-829-1040 ...Settlements are tax free for physical injury. Emotional distress is not considered physical injury. I would expect your wife to receive a 1099-Misc for the $123,000. If so, it's other inc... Together. ...If you want to take the tuition and fees deduction, you can deduct the full amount (up to $4,000) if your AGI (with some modifications that do not apply to many) is $65,000 or less. If your MAGI i... The basis is the lower of cost plus capital improvements or fair market value. ... |
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