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-   -   How Much will I get back From Income Taxes (https://www.askmehelpdesk.com/showthread.php?t=282128)

  • Nov 17, 2008, 06:43 PM
    cardenas3
    How Much will I get back From Income Taxes
    I am Married wth one child and I made $23,970 This year how much money will I get back on my income taxes??
  • Nov 17, 2008, 06:46 PM
    ScottGem

    There are too many factors to answer that. Get yourself a copy of some tax software and you can figure it out.
  • Nov 18, 2008, 06:16 AM
    AtlantaTaxExpert
    If the $23,970 is your ONLY income, you will owe NO income taxes on the federal level and will get all federally-withheld taxes back, because your personal exemptions ($3,500 X 3 = $10,500) plus your joint standard deduction ($10,900) plus the $1,000 Child Tax Credit completely offset any taxes due.

    Further, you probably qualify for the Earned Income Credit, which means several thousand dollars will be added to your refund check when you file.

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