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    belttech's Avatar
    belttech Posts: 2, Reputation: 1
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    #1

    Jan 11, 2010, 09:32 PM
    How much do I get back in taxes
    Made 84287.00 pre tax 80578.00 cut 14691.00 fed claim single and 1 have 2kids to claim
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 12, 2010, 09:13 AM
    Okay, modified guidance.

    As SINGLE with two kids (assume you are divorced and the children did NOT live with you), your tax liability is $13,094, which means your refund is $1,597.

    Not too bad, though ANY refund is too much. If you are alternating years with your ex-spouse for claiming the kids, you will OWE for 2010.

    The custodial parent gets the $1,000 Child Tax Credit.
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