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Started By
Message
predict my tax return
Posted on 12/23/12 at 11:23 pm
Posted on 12/23/12 at 11:23 pm
24 single full time student- pell grant for tuition 500 dollars for books about 400 in parking (ULL paid parking lot) made around 13,000 this year
3
Posted on 12/23/12 at 11:30 pm to jrous19
Would guess you would do best with the standard deduction but hard to gauge your return without knowing how much tax has been withheld year to date
Posted on 12/23/12 at 11:33 pm to LSU5508
around 2500-3000 dollars, looking it up now
15,965 and taxed is 2800 with 600 dollars in deduction
net pay is 12,582, where the 1200 number came from at first
15,965 and taxed is 2800 with 600 dollars in deduction
net pay is 12,582, where the 1200 number came from at first
This post was edited on 12/23/12 at 11:39 pm
Posted on 12/23/12 at 11:39 pm to jrous19
What was the deduction for? 401k?
Posted on 12/23/12 at 11:40 pm to LSU5508
159.67 for 401K 435 for medical insurance
Posted on 12/23/12 at 11:45 pm to jrous19
I figure your agi would be 15,370, tax on that would be 562.00. If you paid 2800 in federal tax your return should be 2238.
This post was edited on 12/23/12 at 11:48 pm
Posted on 12/23/12 at 11:48 pm to LSU5508
greatly appreciate your help and time
Posted on 12/23/12 at 11:49 pm to jrous19
No problem.
Posted on 12/24/12 at 5:24 am to jrous19
From the details you posted, your tax bill is this much:
Posted on 12/24/12 at 11:10 am to foshizzle
After standard deduction and personal exemption, you will have almost nothing in taxes owed.
Standard is around $5800 and personal is $3700...subtract that from your gross income and you dont have much left.
Standard is around $5800 and personal is $3700...subtract that from your gross income and you dont have much left.
Posted on 12/25/12 at 12:49 am to jrous19
I don't know but you look to be a member of the 47%.
Posted on 12/25/12 at 7:27 am to Cold Pizza
+1 
Posted on 12/25/12 at 10:20 pm to lynxcat
quote:$5950 and $3800.
Standard is around $5800 and personal is $3700
Plus, you should be able to get a $500 Amer. Opportunity credit for the books, if you go at least half-time for at least half of the year.
This post was edited on 12/25/12 at 10:27 pm
Posted on 12/27/12 at 8:14 pm to Gmorgan4982
Didn't realize that the standard had increased that much. Are you sure that is for 2012 and not 2013?
Posted on 12/27/12 at 11:31 pm to lynxcat
I believe that's correct for 2012. Was looking at the standard ded. for MFJ and it's $11,900 for 2012. We'll be itemizing though
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