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just make sure you set aside money for taxes next year bestie š learned that one the hard way lol
With 2 kids under 16 you should qualify for Child Tax Credit ($2000 per kid) plus Additional Child Tax Credit if its not all used up. The EITC could be substantial too at your income level. But yeah the SE tax gonna take a bite š¤”
you could try filing injured spouse form if ur married filing jointly, that might protect some of the refund
im single unfortunately šŖ
protip: adjust your w4 at work so you get more in your paycheck instead of a big refund. cant offset what they dont have š
this is the way
Did you get any advanced child tax credit payments last year? That could effect your refund amount
nope, opted out of those
reminder to everyone: if ur claiming EITC make sure ur income docs match EXACTLY what u reported or theyll delay u even longer. learned that the hard way last year
anyone know if child tax credit falls under this too?
Yes, Additional Child Tax Credit (ACTC) is subject to PATH Act delays
Chloe Mitchell
Wait til you get the love letter from the IRS in like 6-8 months. They'll add it automatically and send you a bill for like $20 lol
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Lucas Adams
ā¢a love letter šš yall got me dying in this thread
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Michael Adams
i wouldn't stress. its such a small amount they might not even notice. but if u wanna be extra safe just amend
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