Tuesday, November 22, 2011

How much would you guess a college student will get back on taxes with an income of $6700/yr?

How much would you guess a college student will get back on taxes with an income of $6700/yr? In New York state, and if they were NOT claimed as a dependent by parents.





I know I won't get any exact numbers, I'm just looking for an estimate.|||hr block offers a tax estimator online. you can put in your info there and get a better idea than any guesses people would give here.|||If they can't be claimed as a dependent (as opposed to merely not being claimed but could have been) they'd get a refund of the federal income taxes paid, $400 for the Making Work Pay Credit, and *maybe* something from the American Opportunity Credit.|||It depends upon how much you had withheld and how you are paying for school.|||depends on how much was withheld from your paychecks, box # 2 on the W-2

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