How much will I get back in taxes if I made $28,800 last year?
I'm single, no dependents, and don't own anything but a car that I still make payments. I pay about 220 a month. Is my gas deductible? I have to drive around a lot for work..I'm a sales consultant.
Asked By: AARON S - 1/13/2009
Best Answer - Chosen by Asker
I'm not sure you understand just what a refund is. Through the year you might have money withheld from your paycheck for federal income tax. At the end of the year, you prepare a form called a tax return to calculate how much tax you owe total for the year, and compare that to what was withheld. If you had more... More
Answered By: Judy1 - 1/13/2009
Additional Answers (2)
You will get back the excess of witholding over your liability. You have noy given enough information to answer the question.
Answered By: Tim - 1/13/2009
If you drive around a WHOLE lot, you can deduct your employee business expenses on Schedule A Line 20. Use a Form 2106-EZ. You cannot deduct your mileage for commuting from home to your regular workplace, but you can deduct them from your regular workplace to your customer's sites. If you have no regular workplace... More
Answered By: DEBORAH F - 1/13/2009
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