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Q: I am single and made $13,950 and paid fed tax of $751, what's my refund? ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: I am single and made $13,950 and paid fed tax of $751, what's my refund?
Category: Business and Money > Accounting
Asked by: pendleton-ga
List Price: $2.00
Posted: 06 Feb 2003 17:27 PST
Expires: 08 Mar 2003 17:27 PST
Question ID: 158282
I am single and made $13,950 and paid fed tax of $751, what's my
refund?

I am a single filer, no dependents, under 65. About what if anything
will I get for a refund?

Request for Question Clarification by tar_heel_v-ga on 06 Feb 2003 17:29 PST
So you itemize or take the standard deduction?

Request for Question Clarification by tar_heel_v-ga on 06 Feb 2003 17:31 PST
As an additional clarification, which form (1040, 1040A, 1040EZ) do
you plan on filing.

Request for Question Clarification by tar_heel_v-ga on 06 Feb 2003 17:39 PST
pendleton..

There are several factors involved in your taxes that are personal in
nature that you shouldn't post here.  Would directing you to a refund
estimating calculator where you can enter the figures yourself suffice
as an answer?

Clarification of Question by pendleton-ga on 06 Feb 2003 18:38 PST
Standard deduction.

1040 EZ or telefile

If I can figure easily and in a jiffy, sure,
send me the tax tables. That was what Icouldnot 
find anyway.

Actually, I am asking for a friend. Heh, heh!

John P.
Answer  
Subject: Re: I am single and made $13,950 and paid fed tax of $751, what's my refund?
Answered By: tar_heel_v-ga on 06 Feb 2003 18:50 PST
Rated:5 out of 5 stars
 
John..

Thanks for your question.  One thing before I answer, I want to remind
you that Answers and comments provided on Google Answers are general
information, and are not intended to substitute for informed
professional tax,legal, investment, or accounting advice.

While the filing status you have mentioned is pretty straight forward,
there are other things to take into consideration when trying to
figure out a pontential refund.  Obviously, doing your taxes is the
first and foremost option, but people want to have an idea of what
their refund (or..gasp..their payment will be).  You can use a
calculator that is available at HR Block's website at
http://www.hrblock.com/taxes/tools/taxcal.html to get a rough estimate
of what your refund will be. Click on the picture of the calculator
and you will be able to enter the numbers and get an estimate of what
the refund will be. By using the strictly the numbers and information
you provided of single, no dependents and $13,950 income with $751 in
taxes withheld, an estimated refund of $113 is projected.  Again, I
recommend you visit the site and look at the options available for
credits, taxable income, etc.

Thanks again for your question and I hope the above information has
been helpful.  If you need any additional clarification, please let me
know prior to rating my answer.

Regards,

-THV

Search Strategy:
tax refund calculator 2002

Request for Answer Clarification by pendleton-ga on 07 Feb 2003 16:51 PST
I tried the HR Block site calculator and came up owing $3.
How did you do it to get a refund?

Clarification of Answer by tar_heel_v-ga on 07 Feb 2003 17:28 PST
hello again, John...

On the first page of the calculator, choose "single", enter your age
(you said you were under 65.  I put in 21).  Then scroll down a bit
and you will see "Income and Adjustments to Income"  Put "13950" in
that block.  Click Next

Scroll down on the second page of the calculator to Payments.  Change
the paycheck status to "Not Applicable" and in the box labeled
"Federal income tax withheld to date" enter $751.  The refund should
show 113.

Let me know if this doesn't work.

-THV
pendleton-ga rated this answer:5 out of 5 stars and gave an additional tip of: $1.00
Excellent job! Thanks for walking me through.

God bless you to know and do His will!

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