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In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
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How much taxable income do you have to make to get the earned incomecredit return?
When you qualify for the earned income tax credit and you have the qualified taxable earned income of 1 to 50 you can get 2 of earned income tax credit. And it also possible that could qualify for some of the making work pay tax credit. This would only happen when your income tax return is completely correctly.
If income is seven thousand dollars do you file taxes?
In your situation you probably would want to file the federal 1040 income tax return because you could possibly qualify for some of the tax credits if you qualify for them and IF this income is qualified earned income for the tax credit purpose.
How much to make to claim EIC?
When you meet the rules to qualify for the earned income tax credit you can get $2 of the EITC if you have $1 to $50 of qualified income from the worksheet that comes with the 1040 income tax return.
If you earn less than 16000 do you get all your tax back?
You will not know this answer until you complete your federal income tax return correctly. If you are a single taxpayer filing your 1040 federal income tax return correctly with no adjustments to income using the single filing status the standard deduction and your exemption amount for the tax year 2009.If you are not a dependent on another taxpayers income tax return and if you are under the age of 65 for the tax year 2009 you can have 9350 free of federal income tax. 16000 less 9350 leaves 6650 of taxable income that will be subject to the federal income at your marginal tax rate for a single taxpayer from the 1040 instruction book the tax table amount would be 668.6,650 to 6,700 Income tax is 668 federal income tax liability for the tax year 2009It is possible that could qualify for some earned income tax credit and the making work pay tax credit if your qualify for them and complete your federal income tax return correctly and credits amount would reduce the federal income tax liability amount and could result in a refund when your income tax return is completed correctly.
If you only made 2800 last year will you get an income tax check?
This could be possible if you complete your 1040 federal income tax return correctly and IF you qualify for any of the credits as a refund amount.
How do you qualify for the free income tax return?
Call your local tax filers and ask them. They are the best resources when trying to find out how you can qualify for the free income tax return. That is your best bet.
How much taxable income do you have to make to get the earned incomecredit return?
When you qualify for the earned income tax credit and you have the qualified taxable earned income of 1 to 50 you can get 2 of earned income tax credit. And it also possible that could qualify for some of the making work pay tax credit. This would only happen when your income tax return is completely correctly.
If income is seven thousand dollars do you file taxes?
In your situation you probably would want to file the federal 1040 income tax return because you could possibly qualify for some of the tax credits if you qualify for them and IF this income is qualified earned income for the tax credit purpose.
Are nineteen years old single and a full-time student Is Janice eligible for the making work pay credit on her tax return?
NO a dependent on another taxpayers income tax return would NOT qualify for the MWPTC on her income tax return.
Do you get earned income for babies?
Only when you qualify for the earned income tax credit and have some amount of the qualifying earned income funds that you worked for and you complete your 1040 federal income tax return completely and correctly will you know how much of the EITC you might qualify for with a qualifying child that was born before the end of the tax year.
How much to make to claim EIC?
When you meet the rules to qualify for the earned income tax credit you can get $2 of the EITC if you have $1 to $50 of qualified income from the worksheet that comes with the 1040 income tax return.
When filing for the federal income tax return do you have to attach schedule a for the state income tax return?
No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.
If you earn less than 16000 do you get all your tax back?
You will not know this answer until you complete your federal income tax return correctly. If you are a single taxpayer filing your 1040 federal income tax return correctly with no adjustments to income using the single filing status the standard deduction and your exemption amount for the tax year 2009.If you are not a dependent on another taxpayers income tax return and if you are under the age of 65 for the tax year 2009 you can have 9350 free of federal income tax. 16000 less 9350 leaves 6650 of taxable income that will be subject to the federal income at your marginal tax rate for a single taxpayer from the 1040 instruction book the tax table amount would be 668.6,650 to 6,700 Income tax is 668 federal income tax liability for the tax year 2009It is possible that could qualify for some earned income tax credit and the making work pay tax credit if your qualify for them and complete your federal income tax return correctly and credits amount would reduce the federal income tax liability amount and could result in a refund when your income tax return is completed correctly.
Base on which your taxes must be paid?
On your federal 1040 income tax return the line that says TAXABLE INCOME after your income tax return is correctly completed up to that line. That would be the amount that you would use to determine your federal income tax liability on. After you determine that amount then it is possible that you could qualify for some nonrefundable tax credits, possibly some other taxes, and then you get your credits for your withheld incomes and other refundable credits that you may qualify for.
If you only made 2800 last year will you get an income tax check?
This could be possible if you complete your 1040 federal income tax return correctly and IF you qualify for any of the credits as a refund amount.
What would the Federal income tax amount be on 1252.00 if you were claiming single one dependent?
If this 1252 is all of your gross worldwide income for the tax year 2009 when you complete your income tax return correctly you will not have any federal income tax liability. You may qualify for a small refund if the 1252 is earned income funds that you worked for.
How much taxes do you pay on 7200.00?
If you are filing a federal 1040 tax form as a single taxpayer and NOT a dependent on another taxpayers income tax return. You probably will not OWE any federal income tax and may qualify for some refund amount if you qualify for any of the credits when your 1040 federal income tax return is completed correctly. You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
