How do I determine how much money I will get back on my taxes?

Answer by  Kristine (145)

If you are an individualor business, you can file a federal and state tax form and follow the instructions and answer the questions on the form to bring you to what you owe or will get back.

Answer by  labgirl (333)

You must fill out your tax forms (1040EZ, 1040A, or 1040) to determine your tax liability (how much you owe) for this year. Use your W2s and quarterly tax information to determine how much you have already paid through payroll taxes and quarterly taxes. If you paid the government more than you owe, you will get money back.

Answer by  flamiss22 (5081)

The easiest way is to go on a free tax site like TaxAct or TurboTax which will allow you to imput your information and get the answer for free.

Answer by  TOM10309 (149)

There are many factors to consider: your marginal tax bracket and your filing status and number of dependents and whether you are able to itemize deductions or not.

Answer by  working (311)

The amount of money you will be getting back is determined by completing a series of forms, if you are unsure of the forms as a tax professional for assistance.