0

I earn about 65000 a year, from a few different jobs that I've held this year.

What is an approach that I can take to estimate what I'm going to get back as a refund this year?

More details:

  • I've paid $9,750 in Federal taxes so far this year.
  • I've paid $2,000 in student loan interest
  • I believe that I have donated about $1,000 to charity.
  • 7
    To get something back you need to first give something. Have you had your taxes withheld? At what level? And, of course - what country and/or state are you paying taxes at? – littleadv Dec 1 '11 at 21:25
  • Don't just vote the guy down. Edit the question. – duffbeer703 Dec 2 '11 at 15:14
  • This is going to depend very much on your location, so I've tagged this as 'united-states', based on a reasonable guess. – ChrisInEdmonton Dec 2 '11 at 15:20
  • Note that it shouldn't depend on how many jobs you've held, just on your income, taxes deducted, etc. Note also that your charity donations are worthless unless you have receipts from them. – ChrisInEdmonton Dec 2 '11 at 15:21
  • @ChrisInEdmonton That depends on the nature of your job(s). If you work part-time, sometimes employers withhold taxes assuming that they are your only employer. Also, folks with second jobs with variable compensation (waiters, salesmen) occasionally get "surprised" at tax time. – duffbeer703 Dec 2 '11 at 16:55
1

The most reliable way is to take a 1040 and pretend its January 2012. It's pretty close so you should be able to guess at the last few paychecks of 2011.

As a bonus, you're also prepared to file quickly when the official documents arrive.

1

It's a hard question to answer in this forum, but there are tax calculators out there that will help you get a rough idea of what you owe or are due back as a refund.

Here's one:

http://www.1040.com/site/tax-tools/tax-estimator/

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .