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Anonymous
Anonymous asked in Business & FinanceTaxesUnited States · 1 decade ago

TAXES!!!!!?

OK HERE WE GO AGAIN.......I MADE $3,012.38 IN 06' .....THEY TOOK $76.93 FEDERAL INCOM TAX.... $43.89 IN EMPLOYEE MEDICAID ....... AND $186.77 IN SOCIAL SECURITY EMPLOYEE TAX.... I HAVE ONE UNDERAGE DEPENDANT......WILL I BE ELIGIBLE FOR EARNED CREDIT INCOME AND IF SOOOOO....CAN SOMEONE CACULATE THIS IN TELL ME APPROX.. HOW MUCH IM GETTIN BACK THANKS

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  • Judith
    Lv 6
    1 decade ago
    Favorite Answer

    You will need to file a tax return & will receive a refund for all of your taxes since you earned less than the standard deduction.

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  • 1 decade ago

    You may be eligible for the EIC. It isn't a matter of just having a dependent. Here are the rules as listed in the IRS publication:

    • Your adjusted gross income cannot be more than the limit

    • You must have a valid social security number

    • Your filing status cannot be “Married filing separately”

    • You must be a U.S. citizen or resident alien all year

    • You cannot file Form 2555 or Form 2555-EZ

    • Your investment income must be $2,800 or less

    • You must have earned income

    • Your child must meet the relationship, age, and residency tests

    • Your qualifying child cannot be used by more than one person to claim the EIC

    • You cannot be a qualifying child of another person

    If you qualify, then the EIC is $1029 so your refund would be $1106 since you would get your withholding back.

    http://www.irs.gov/pub/irs-pdf/p596.pdf

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  • 1 decade ago

    You will receive $1106 as a federal refund this year. $1029 in Earned Income Credit and the $77 in federal withholding.

    Try to earn much more next year for you and your dependent's sake. I think I spent more than $3000 on beer last year. Cheers.

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  • 1 decade ago

    I think that you can get the earned credit income. Dont know how much you will be getting back.

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  • 1 decade ago

    Depends on where you are at. Go to IRS.Gov, that will be able to answer any questions you may have.

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