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Terms and conditions apply. Remember this is just a tax estimator so you should file a proper tax return to get exact figures. Taxes Just Facts Income taxes due for the year. How much would i get back in taxes . For example if you had 30000 in taxable income with one exemption for yourself one exemption for your wife and one exemption for a child that would be three exemptions worth 4050 each or 12150 for all three. Tax refunds peak for adults in the 35-to-44 age range and then. Tax refund amounts tend to rise with income. Click here for a 2020 Federal Income Tax Estimator. A tax credit valued at 1000 for instance lowers your tax bill by 1000. Well the average tax refund is about 3046 per The Washington Post. Certain credits may even be refundable which means you can claim them even if you dont have any tax liability. How much tax will you save and get back from the tax man. The way one exemption works is to reduce a persons taxable income by 4050. In 201...