How To Figure Out How Much You Get Back In Taxes. Uncle sam will let you know if you owe back taxes with a mailed notice. For example, if you qualify for a $1,000 saver's credit and a $3,000 education credit, your $33,600 tax liability decreases to $29,600.
You also must calculate your exemptions. Irs special rules may apply if you live in a community state (arizona, california, idaho, louisiana, nevada, new mexico, texas, washington, and wisconsin) (continue reading information listed below faq). To get a rough estimate of how much you’ll get back, then, you need to:
Calculate any tax credits you have.
Obtain copies of all tax returns that you still owe taxes on. 12 months before application date (day you first applied) b. Figure out when your backpay eligibility starts ssdi backpay eligibility starts one of these two dates. The irs provides worksheets and a tax withholding calculator to walk you through the process, which is.