I have two income tax refund questions?

I would like somebody to give me a round figure on how much i should get back from taxes this year. All the numbers i%26#039;m giving you are round figures.

income this year $38.5k

taxes taken $6700

I stay in virginia

2 kids

head of house hold

earned income credit

day care credit- $1000 a month

claming cell phone

single

also i work in the security field and i was wondering if i would get more of a refund if i claimed my taxes the normal way or should i itemize this year since i pay for the cleaning of my uniform.equipment and tolls?

I have two income tax refund questions?

I would make a good guess and I think it will be close to $3000. but that is going to depend on how you file. try this:

www.TaxAct.com

You can e-file for free... and also, it will give you the refund amount as you are processing your information.

Unless you have 10,000 (ten thousand) in interest and mortgage deductions.. it will not be wise to do the long form file. But, TaxAct will also advise you of that.

I have two income tax refund questions?

I would have to complete your tax return on the basis of your information to give you a refund answer. Also I would want more information. That takes time and time is valuable. Whether or not you itemize depends on the total of your deductible expenses, such as interest, taxes, medical expenses, uniforms, contributions, casualties, etc.

You can easily get an answer by filling out your tax return. Or you pay someone to do it for you.

I have two income tax refund questions?

I%26#039;d guess that even if you itemize it won%26#039;t be higher than the standard deduction. But you can put the numbers into turbo tax and it will tell you.

I have two income tax refund questions?

It%26#039;s not possible to say accurately. You have not broken out how the tax withholdings work out -- that%26#039;s WAY too much for Federal income tax for that wage level so it must include VA State taxes and FICA.

Unless your itemized deductions total more than $5,350 it isn%26#039;t worth itemizing and you%26#039;ll have a hard time convincing the IRS that you paid that much for uniform cleaning and a cell phone in most cases, especially with that much in daycare expenses.

Based upon your income your total tax liability is about $2,508. You have a child care credit of $1,380 and child tax credit of $1,128 that wipe that out, plus a refundable Additional Child Tax Credit of $872. You make too much to qualify for the EIC so get nothing there.

Based upon those numbers above you%26#039;ll get all of your Federal income tax withheld returned, plus the $872 ACTC.

You should bump up your withholding allowances by at least 7 or 8 to cut down on that refund as it is WAY too high. You%26#039;re giving the government an interest free loan of about $150 per WEEK that I%26#039;d wager that you could put to much better use if it was in your paycheck!