Taxes, how much is the refund, eh?

Discussion in 'Community Discussion' started by Sdashiki, Jan 20, 2006.

  1. Sdashiki macrumors 68040

    Sdashiki

    Joined:
    Aug 11, 2005
    Location:
    Behind the lens
    #1
    I never have any luck trying to figure out either:

    the max amount Gross you can make in a year and still get ALL of your Federal Taxes paid, back (like isnt this the "poverty level or something? I hear its $10k, I hear its $27k...)

    a place to figure out if you made X dollars you will get Y back

    Are there places for this cuz im SOL when it comes to Googling and searching.

    I just want to know what is the cut off point for a full refund.

    I paid $800 approx in 2005 and how much am I getting back dammit!!!!?
     
  2. NWAMacTech macrumors member

    Joined:
    Jul 14, 2005
    #2
    Why would you get a full refund? Shouldnt you just get back what you overpaid?
     
  3. katie ta achoo macrumors G3

    Joined:
    May 2, 2005
    #3
    Exactly.

    a few years ago, I paid over $138 in taxes, and got $132 back.
    (I only made $2k the whole year.. just a summer job)


    if you buy turbo tax, fill in all the blanks, it'll tell you what your refund will be.

    It's real easy.. it'll even file it for you electronically or you can print and mail.

    Remember to get it in by April 17!
    (the 15th is a saturday. the deadline is extended by 2 days.)
     
  4. plinden macrumors 68040

    plinden

    Joined:
    Apr 8, 2004
    #4
    Funny, it took me 10 seconds(probably 1/10 the time it took you to write your post) to type "tax calculator" into google and find this site - http://www.turbotax.com/taxcenter/yahoo/estimator.html
     
  5. e²Studios macrumors 68020

    e²Studios

    Joined:
    Apr 12, 2005
    #5

    There could be way more to it than that depending on your situation. There are child credits, donations to authorized non-profits, itemized deductions, business expenses that were out of pocket and unpaid, Losses on any securities or investments, so many different elements that go in to how much you will get back on a return other than just "how much did you overpay".

    Ed
     
  6. rdowns Suspended

    rdowns

    Joined:
    Jul 11, 2003
    #6
    The OP paid a lousy $800 in taxes. I hardly think child credits, business expenses or the others you mention factor into his/her situation.
     
  7. iGary Guest

    iGary

    Joined:
    May 26, 2004
    Location:
    Randy's House
    #7
    Always get money back, here.

    Of couse I write off lunches with my mom as a business expense and trips to the grocery a business expense if I pick up a pack of pens while I am there, so....
     
  8. Deepdale macrumors 68000

    Deepdale

    Joined:
    May 4, 2005
    Location:
    New York
    #9
    Allow your mileage to work for you while on the road by making a stop at a restroom ... everybody can make a legitimate case that important business was attended to.
     
  9. pseudobrit macrumors 68040

    pseudobrit

    Joined:
    Jul 23, 2002
    Location:
    Jobs' Spare Liver Jar
    #10
    File a 1040 like the rest of us and find out.
     

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