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-   -   How much taxes could I get back (https://www.askmehelpdesk.com/showthread.php?t=417466)

  • Nov 19, 2009, 08:52 AM
    junkerdeb
    How much taxes could I get back
    Head of household single with 2 dependents estimate of how much I would get back, my gross income was 31,000
  • Nov 19, 2009, 11:09 AM
    AtlantaTaxExpert
    Need to know how much money was withheld from your salary to determine what your refund will be.

    Your personal exemption is $3,600 times 3 = $10,800. The HoH standard deduction is probably around $8,300, so the first $19,000 of your $31,000 is tax-exempt.

    The remainder will be taxed at about 10%, but you probably will be getting $2,000 in Child Tax Credits, plus you probably qualify for the Earned Income Credit, so yo can expect at least a $700 refund, probably a LOT more.

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