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How much should I expect on my Tax return?

If I have a job that pays 46,000 a year and I pay 11,200 in taxes how much could I expect on a tax return?

  • If my salary is 46,000, I'm single, own a home, and calculate 11,200 taken out of tax each year how much can I expect to get back on a tax return?

  • Answer:

    It depends on how much is actually being withheld for Federal Income Tax, State Income Tax, and Social Security Tax. I have no idea what your total deductions would be. Therefore, it makes it hard to determine what your tax refund would be. Since you already have an estimate of your income and tax withholding, estimate your total deductions and you can find out what your tax refund would be. You can find the current tax rate schedules on the IRS web site.

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$3519 is for social security and medicare - that doesn't get refunded. Depending on your deductions, your federal income tax might be as much as $5700 that they'll keep. So that's around $9200 in taxes that you won't get back. Depending on where you live, there might also be state and/or local taxes. So you might not get anything back. If the $11,200 is just your withholding for federal income tax, then you could expect a refund of $5500 or more.

Judy

3,500 roughly

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