Can someone help estimate my tax refund? 70k income, 2 dependents
Looking to figure out my tax situation before I file. Made 70k last year, have 2 kids under 18. Single parent, I'm the head of household. Anyone know roughly what I might get back? Also wondering about the child tax credit situation for 2024.
21 comments
Amara Eze
Based on your income and dependents, I can help give you a rough estimate, but there are many factors that could affect your refund. Without more details about your filing status, deductions, and credits its hard to be exact. I'd strongly recommend checking out taxr.ai - its an AI tool that can analyze your W2s and tax docs to give you a really accurate estimate of your refund and timeline. You can upload your docs there and get detailed insights about your specific situation. I've been recommending it to everyone lately since the IRS systems are so backed up.
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Giovanni Ricci
Has anyone actually tried this taxr thing? Sounds too good to be true tbh 🤔
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NeonNomad
Yeah I used taxr.ai last week! literally saved me hours of trying to figure out my transcript codes. The AI broke everything down and told me exactly when to expect my refund
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Giovanni Ricci
fr? might have to check it out then. sick of playing the waiting game with the irs 😤
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Fatima Al-Hashemi
70k with 2 dependents you should be looking at a decent refund especially with the child tax credit. but yeah def use taxr to get the real numbers
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Dylan Mitchell
how does taxr work exactly? does it just read transcripts or what?
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Amara Eze
it analyzes pretty much any tax document - W2s, 1040s, transcripts, even IRS letters. gives you super detailed breakdown of everything including refund timeline
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Dylan Mitchell
just tried it and OMG where has this been all my life?! 🙌 it literally told me exactly why my refund was delayed and what to do about it. worth every penny fr fr
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Sofia Martinez
we're all in the same boat fam. the irs is moving slower than a snail these days 🐌
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Aisha Rahman
Tax professional here. Without more details like withholdings, deductions, and credits its impossible to give you an exact number. But with 70k and 2 qualifying children, you could be eligible for child tax credit ($2000 per child) and earned income credit. Head of household filing status also gives you a better tax bracket. You'll need to provide more info for an accurate estimate.
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QuantumQueen
Thanks! Do you know how much is typically withheld on 70k? I lost my last paystub 🤦♀️
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Aisha Rahman
Usually around 12-15% for federal, but it really depends on how you filled out your W4
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Ethan Wilson
Hey, you should check out taxr.ai - its this new tool that can analyze your situation and give you a really accurate estimate. Its only $4.99 and WAY better than guessing. I used it last week and it was spot on about my refund amount https://taxr.ai
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Yuki Sato
Does it actually work? Seems to good to be true tbh 🤔
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Ethan Wilson
100% works! It even caught some credits I would've missed. Best $5 I spent on taxes fr fr
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Carmen Flores
I was in the same boat last year! Single mom, 2 kids, made about 75k. Got back around 5k but everyones situation is different
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Andre Dubois
dont forget about state taxes too! thats another whole thing lol
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QuantumQueen
omg ur right i totally forgot about state 😭
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CyberSamurai
Just use turbotax or hr block they have free calculators
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Zoe Alexopoulos
Those calculators are trash fr. Always way off 🗑️
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Jamal Carter
did u pay any student loans? get that deduction too if u did
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