Sunday, March 13, 2011

Can someone give me an estimate of what to expect on my tax return?

Single mother, head of household 3 children Full time college student (5,970 Unsub loans this year, 3,482 Sub loans) Full time employment (10,640 true gross) Medical Insurance (2,874 this year) Dental Insurance (224 this year) I was hoping someone could give me a ballpark figure of what to anticipate. Thank you in advance for your time and mathematical skills!
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Probably $4781 for EIC, $400 for the Making Work Pay credit. maybe $3000 for the additional child tax credit if the kids are all under age 17, and something for the American Opportunity credit if your tuition and fees were paid from the loans and not grants. Plus anything back that was withheld for federal income tax.
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