Tax Refund Estimator
Question: Form 8379- tax estimators online ACCURATE?
HELP! I had to file a form 8379 (thanks for the nasty surprise, HUBBY). My question is, in trying to figure out how much I will one day get back as my “portion”, are the online Tax Refund estimators accurate? If so, do I use all the same info as on my regular return, or do I change my filing status to married filing separately, and use both of our incomes, etc.? Please help, I need some light at the end of this tunnel…
I have already completed the form. I would like to know if I can figure out how much I will get back if I use the online tax estimators.Answer: if you had income,by filing the 8379 injured spouse form you will get back whatever your refund would have been if you had filed separate.
no,you keep your filing status as married/joint and yes use the same info from both your incomes.on the injured spouse form there’s a space for you(the injured spouse) and one for your spouse.the first space is the total of everything on you’ll Joint Return,then in the 2nd space you would put in your income only,then in the other your spouse’s.
for the deduction if you’ll took the standard deduction put the total deduction taken in box-A then split that total between you two in box-B and C. federal taxes withheld would be the total between you both in box A then your separate withholding and then your spouse’s.
no,because if you calculate it using any other status it will change your refund drastically,because you will have a higher tax liability resulting in a smaller refund amount than what you can expect,so the amount you get from the calculator wouldn’t be accurate enough.
How to Estimate Your IRS Tax Refund for Free
Tax Refund Calculator Estimator
Question: has anyone ever used the h & r block Tax Refund estimator?
i was just wondering how accurate it is. it says i should get almost 3000 more then the other tax refund calculator i used. i sure hope its right
Answer: Although I don’t use H & R block to file my taxes, I do use the H & R block refund estimator every year. It has always been accurate. I hope it works for you too.
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Question: how accurate is H&R block tax calculator?
I went on H&R block and did their 2009 tax estimator and it says that DH and I should get back a 7,419 dollar refund. He claims 0 so that we can get a bigger refund at the end of the year. We have two children(a daughter that’s 2 and a son that’s 11 weeks) so far his gross income is 11,088(laid off some of the year) and he’s paid in 1075 in taxes. We do not pay for childcare, I’m a SAHM, does this sound accurate? We really want to have a big refund since we are trying to pay cash for him a new(used) car
Answer: last two years it been with-in $20 so i’d say it pretty close.
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CBS Moneywatch – To Get the Biggest Possible Refund, Start Looking into These Loopholes Now. First of all, the IRS has a gift for you: an extra three days to file your returns! Individual taxpayers will have until Monday, April 18, to file their returns. The reason: Friday, April 15, is a legal holiday in the District of Columbia, and because D.C. holidays affect tax deadlines in the same way …
Individual Income Tax Estimate for 2010, 2011
2009 Tax Refund Estimate Calculator
Question: Unemployment and Taxes?
I have been on unemployment for the entire year of 2009. I get $220 (after taxes) a week and I pay taxes (10%) on that. I also have a child. So $220 * 52= $11,440 in unemployment. Will I get a refund this year? Her father only earned about 7k this year and we are trying to get the most back. I did the H&R Block calculator and it said I will get an estimated $5,400 back…which is about what I got last year when I worked…is this correct? Oh I forgot…we are not married and we file individually.
Answer: You’re likely going to get back less than $5,400. Your unemployment does not qualify for the EIC, so since that’s all the income that you had you won’t get that. You also won’t get anything under the Additional Child Tax Credit since that requires earned income and you have none. Ditto for the Making Work Pay Credit. About all that you will get back is some of the taxes that were withheld.
Assuming that the three of you live together, the father can claim the child and get the EIC and a refund of any income taxes that were withheld from his pay and probably something under the ACTC as well. At his income level though he won’t be able to file as Head of Household since that requires that you pay more than half of the cost of maintaining the home. That’s really a moot point at his income level though.
You:
Assuming total unemployment of $12,688 before taxes, $10,288 of that is taxable. Subtract the standard deduction and personal exemption of $9,350 and you’re left with $938 of Taxable Income. The tax on that is $94. You had $1,248 withheld so you’ll get $1,154 back.
Him:
Assuming the he claims the child to get the EIC, he’s looking at a refund of $3,389 plus whatever income tax was withheld from his pay, if any. His tax liability will be $0. He’ll get $2,389 from the EIC, $600 from the ACTC, and $400 from the Making Work Pay Credit.
Total refunds: About $4,543.
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2010, 2011 Withholding Calculator Federal