Taxable Income Tax Calculator
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Question: How much will I receive on my tax return?
I am wondering what to expect back for my Federal Income Tax for 2007.
Is there a calculator anywhere out there?
Here is my information.
Single 26 , do not own any real estate , did not make any taxable stock purchases.
W2 53,049
AGI 47,908Taxable Interest 595$
Any help?
Thanks!
7932$ Total Witheld from pay for 2007 for Federal Income Tax
Answer: You Federal Tax Refund is estimated at $1,570
Unfortunately, it’s likely to be sometime in February before the IRS is ready to process 2007 tax returns. Just thank Congress & the Senate for not deciding if they’re going to ‘fix’ the AMT for 2007.
The IRS needs about 7 weeks to reprogram their computers after 2007 tax law is finalized…
I hope that helps.
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More income, better income
