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    alansanchez's Avatar
    alansanchez Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jan 2, 2012, 07:20 AM
    I want to know how much money would I get when I do my taxes
    I want to know around how much tax money would I get if I made 35,000 this year married she didn't work all year I'm had of household I have one 2 year old child and I am 20 years old
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jan 2, 2012, 08:35 AM
    I am sorry no one could even guess with that little info, we don't know how much you paid in during the year. You get your own money back when you get money. Do you use standard deductions or do you itemize your deductions.
    taxesforaliens's Avatar
    taxesforaliens Posts: 649, Reputation: 117
    Senior Member
    		  
    #3

    Jan 2, 2012, 10:42 AM
    The standard deduction is $11,400 for married filing jointly, personal and dependent exemptions $3,700.
    If you don't itemize, your taxable income based on this little information would be $12,500.
    Also, you might qualify for the Earned Income Credit and of course the child tax credit.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jan 2, 2012, 11:05 AM
    You DO qualify for BOTH the Earned Income Credit AND the Child Tax Credit, which, when combined, exceeds your federal tax liability for 2011. Hence, you will get back ALL of the FEDERAL income taxes withheld from your pay plus the excess of the Earned Income Credit.
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