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How To Figure Out How Much You Get Back In Taxes. To use the tool, you'll need your adjusted gross income, or agi, from your 2019 or 2018 tax information. They'll keep around $458 of the federal income tax withholding, you owe that much tax.
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They'll keep around $458 of the federal income tax withholding, you owe that much tax. If the amount withheld from your paychecks for taxes exceeds the amount you owe, then you will receive a refund. You don't get back what you paid in for social security and medicare.
What’s left is taxable income.
For more information, read about quarterly estimated tax payments. For example, if you qualify for a $1,000 saver's credit and a $3,000 education credit, your $33,600 tax liability decreases to $29,600. This simple calculator can help you figure out how much you may want pay. You also must calculate your exemptions.
