What can the average person expect to get back on tax returns if they made $25,000 for the year? No actual write offs or anything. I know there are many variables, but what would it be on average?|||$0. A tax return is the paperwork filed.
As for money owed vs. money withheld....$25,000 - $5700 - $3650 = $15,650 of income. Tax is about $1930. Less MWP credit of $400, so they owe $1530. If their withholding is MORE than that, they get the excess back as a refund.|||What you get *BACK* depends on what you have paid *IN* in the first place. The concept of "average" simply doesn't apply when it comes to taxes.
If a single person earns $25,000, their taxable income would be $15,650. The tax on that would be $1925. They'd subtract $400 for the Making Work Pay credit, so their taxes due would be $1525.
What they get back would be the amount they had withheld, minus $1525.
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