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When Using The Irs Tax Calculator What Does It Mean When? |
What taxes is it referring to when it asks me "taxes paid"? do i only tender in the amount of federal taxes or do i enter state, social security and medicare too? Please resist!
| Answer: Which calculator are you using? If it's with notification to your W2 you should enter the federal taxes withheld. Social security and medicare taxes cannot be refunded unless you had more than one owner and too much was taken out. http://www.irs.gov/ TaxRef http://www.pdftax.com/ |
To get the proper number, go to www.IRS.gov. Hit the orange "Tools" button, then click on "IRS Withholding Calculator." Have your latest pay tail end and most recent tax return nearby. (Don't panic -- the calculator is only four pages.)