How To Figure Out How Much You're Getting Back In Taxes

How To Figure Out How Much You're Getting Back In Taxes. You can fill it all out, get your estimated refund (or how much you owe) and you dont. Fill out the basic 1040 ez (you dont have to select, its all explained).

6.2% of each of your paychecks is withheld for social security taxes and your employer contributes a further 6.2%. To get a rough estimate of how much you’ll get back, then, you need to: This is completely within the irs code, and will not trigger an audit, because you can donate.

Find your total income tax owed for the year (i suggest using this tax calculator for a rough estimate ).

Obtain copies of all tax returns that you still owe taxes on. 6.2% of each of your paychecks is withheld for social security taxes and your employer contributes a further 6.2%. Generate massive tax savings by converting old, unwanted household items into top dollar donations with this simple formula. If the amount withheld from your paychecks for taxes exceeds the amount you owe, then you will receive a refund.