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... |
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Additional Details
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Additional Details
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confused | I made roughly $20,000 this year and paid in about $2500 in taxes. Anyone have any idea if I'll be paying in? |
Additional Details
Also, I am single and don't pay any rent.
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 |
 
CHARLES R
 |
You didn't say which province you reside in.
If I use E&Y's tax calculator at http://www.ey.com/GLOBAL/content.nsf/Canada/Tax_-_Calculators_-_2007_Personal_Tax
your total tax burden will vary from $1,914 (Nunavut) to $2,794 (Sask). So you might get a small refund or have to pay a small amount.
Also I'm assuming you have no other deductions though I know in Ontario you'd likely be eligable for provincial tax credits (from renting) |
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flutterbee
|
I was checking this out and @ H&R block.com they have a caculator that gives an estimation on your return. I made approx what you did and payed the same in taxes it sayed i would get back approx $2500! |
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Sebastjin Haff
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Yes |
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Elliott J
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If you vote for dems in 08, you will be paying taxes in blood! Consider your choices carefully in the next election!!!! |
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IWIU
|
If that's just the federal amount, you might be ok, but if that's the total, then you might owe, depends on your situation |
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newhouse
 |
I don,t really have enough information about your particular situation, but if you are single and rent a home, you will probably be taking the standard deduction.
So you will be getting the standard deduction of $5,350 and one exemption of $3,400. That will make your taxable income around $11,250 and your total tax $1,296 which means you should get a refund of $1,200.
Keep in mind these figures can easily change if your situation is different from what you described. |
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BB
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Yes you will be paying, I made the same amount and they took the same amount from me and I ended up having to pay $167 |
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Window Shopper
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congradulations with the 20k. but what exactly do you mean by paying in |
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