If I made 20,000 this year in taxes how much will I get back?

OK so you want to claim that you are a single taxpayer with 1 exemption for your self age 23 and that you did and do have the proof that you did furnish more than 50% of your own support for the tax year 2012 RIGHT.

You do use 20000 which probably is what you Box 1 of W-2 is supposed to have in it when you do receive it during the 2013 ta filing season.

You will have to go to the Wisconsin website and see if you can find the state estimated tax calculator for you to use for that purpose at this time in your life.

Your taxes are estimated at $1,103. Your tax refund $813.

This is 5.51% of your total income of $20,000. Your total tax payments and refundable credits for the year were $1,915. Your tax refund is estimated at $813. Your income puts you in the 15% tax bracket.

http://www.dinkytown.net/java/Tax1040.html

Hope that you find the above enclosed information useful. 12/16/2012

If you were a student for at least five months of the year (which you were) and if you are under age 24 (which you are) and if you live with your mom (which you do) then you are most likely legally considered her dependent. You did NOT "support yourself entirely" unless you paid your mom 12 months worth of fair market value rent, plus your fair share of electric, heat, cable, phone, groceries, medical bills, and all your other everyday expenses. Did you? Can you prove to the IRS that you actually paid more than half of your own TOTAL support this year?

Let's assume that you *are* her dependent. You earned about 18,500. Being a dependent, you get to subtract $5950 of that before you calculate your taxes due. So your total taxable income is about $12,500. Tax on that will be about $1450, so you should get a refund of around $450 for your federal taxes.

I'm not sure what your state tax would be like.

First you have to figure out if you supported yourself or not. If you are under 24 and a student for 5 months of the year, then you can still be a dependent if you didn't support yourself.

If you were a dependent, your IRS tax bill would be about $1445. That's less than you had withheld, so you are good.

If you were NOT a dependent, your IRS tax bill would be about $875. Less if you paid tuition out of pocket. (If you would be eligible for the lifetime learning credit.)

Fica and medicare are not refundable.

I would advise you to go to someone like H & R Block and let them take a crack at your first "real" return. This provides you a blueprint from an expert and (as you just saw) will most likely net you more money back. Then after they make the first return, then use this year as your blue print for next year. Just change whatever numbers to keep you current. This way you still get the max return without paying anyone else. If you filed your return online, don't worry about the double return the H & R Block (or whoever you hire) will file an amended return to void if you filed online. Hope that helps you. Good luck.

You should really sit down with someone who as knowledge or an accountant. There are alot of factors to consider when filing taxes to figure out if you will get a refund or if you have to pay.

You did not provide all the necessary information for someone to accurately figure out your refund/owe.

Around $1051 federal.

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might be better to ask an accountant!