EIC and CTC estimate with $20k income and 3 dependents - no federal withholding
Made 20k last year with 3 dependents but my employer didnt take out any federal taxes. Trying to figure out what my refund might be with earned income credit and child tax credit. Anyone know roughly what I might get back?
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Molly Hansen
With 20k income and 3 qualifying dependents, you should be eligible for both EIC and Child Tax Credit. Rough estimate would be around $7-9k total refund - max EIC would be about $4-5k and CTC around $3-4k depending on kids ages. But since you had no withholding, that might reduce it some.
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Connor Rupert
•omg thank you! thats more than i expected 🙏
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Brady Clean
•make sure ur kids qualify tho - they gotta live with u more than 6 months of the year and stuff
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Skylar Neal
Hey instead of guessing, you should try taxr.ai - its only $4.99 and it'll give you an exact calculation based on your situation. Way more accurate than us trying to ballpark it. https://taxr.ai
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Vincent Bimbach
•does it really work? seems too good to be true
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Skylar Neal
•yeah its legit! used it last week and it was spot on with my refund amount
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Vincent Bimbach
•just tried it and WOW 🤯 gave me way more detail than I expected. totally worth the 5 bucks!
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Kelsey Chin
whatever u do make sure u file soon, refunds taking forever these days 🐌
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Norah Quay
dont forget about state taxes too! might get something there depending were you live
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Connor Rupert
•im in texas so no state tax thank goodness lol
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Leo McDonald
use a free filing service like cash app taxes if ur income under 73k
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Jessica Nolan
•turbotax free edition works too but they try to upsell u everything 🙄
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