What percentage of the taxes that I paid in should I get back. And what percentage does the government take. For example making 21776.36 and paying in 2086.73 what should I get back?

Forum|Forum|6 years ago
January 30, 2020
2 replies
0 views

No text available

TurboTax Deluxe Online

fanfare

Level 15

Use tax software to get the answer to that question.

Hal_Al

Level 15

There is no fixed %. There is not even a fixed % when you present actual numbers (like you did).

It depends on many variables: the biggest are

1) how big your AGI is
2) filing status
3) how many dependents you have.
4) what deductions and credits to you qualify for
5) withholdings

In particular, the Earned income credit is on steep bell curve. On the up slope less income means less EIC. On the down slope more income means less EIC. See http://www.taxpolicycenter.org/briefing-book/key-elements/family/eitc.cfm

For a quick answer (if you don't want to go thru the complete actual return yet), you can Try this tool https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1