How to figure out how much you're getting back in taxes with pictures
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Once you know the total amount of the taxes you owe, subtract any tax credits, such as the earned income tax credit. If your employer withheld more than you owe, you will get a refund. Compare that number to how much your employer has withheld in taxes throughout the year.
If you enter the right forms, tax software can generally figure out how much you owe.
The average refunds early in the filing season tend to be well over $2,000 as. It’s your way of paying into the system. To get a rough estimate of how much you’ll get back, then, you need to: Tax refunds are calculated by subtracting the amount of federal income taxes withheld from your total.