The Tax Questions Blog

Posts Tagged ‘korea’

Question: I would like to know how to figure out how much I will receive back in my tax return.?

I am single, with no children. I work in PA, and my taxes are a little over 25%. What can I expect back??
Oh gosh, this is my first time ever dealing with taxes.... I wasn't sure if it worked by like you get a certain percentage back or something like that.... I claimed 0 now and when it comes the time, I'm going to claim 1.... that's what everyone said I should do... I expect to make no more than $15k this year AFTER taxes, and no less than $10k. Does that help???

Answer: your non taxable income as single, no dependents is $9350, anything over that will be at least 10% or more
if they are withholding 25% of your gross, they are taking far too much income tax
you will have 7.65% withheld for FICA, and possibly 1% or more for state disability
so it sounds like they are taking at least 16% for income tax, both fed and state--Wow!

Maximize Your Tax Refund

We help you uncover all the breaks you might not find on your own.

Tax Tips & Advice : How to Find Out When Your 2008 IRS Rebate Check is Coming