Taxes, how much is the refund, eh?

[Sdashiki]

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!!!!?

 

[NWAMacTech]

Why would you get a full refund? Shouldnt you just get back what you overpaid?

 

[katie ta achoo]

Why would you get a full refund? Shouldnt you just get back what you overpaid?

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.)

 

[plinden]

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!!!!?

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

 

[e²Studios]

Why would you get a full refund? Shouldnt you just get back what you overpaid?

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

 

[rdowns]

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

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.

 

[iGary]

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....

 

[superbovine]

http://www.irs.gov/individuals/article/0,,id=96196,00.html

might help... then again might not...

 

[Deepdale]

...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....

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.

 

[pseudobrit]

I paid $800 approx in 2005 and how much am I getting back dammit!!!!?

File a 1040 like the rest of us and find out.