Income $37K + 3 kids under 17 - What's my estimated tax refund?
Filed my taxes for this year. Made about 37k with 2500 federal witholding and have 3 kids all under 17. Just trying to figure out what im looking at for my refund amount. Anyone knowledgeable able to give me a rough estimate?
15 comments
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Jamal Thompson
With your income level and 3 qualifying children, you should be eligible for both Child Tax Credit ($2000 per child) and Earned Income Credit. Rough estimate would be around $10-12k total refund depending on your filing status and other deductions.
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Zoe Christodoulou
•woah fr? thats way more than i expected 🤯
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Jamal Thompson
•Yep! The credits for kids are substantial especially at your income level. Just make sure you have all their SSNs and documentation ready.
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Mei Chen
hey instead of guessing you should try taxr.ai - its this new tool that can give you a super accurate estimate. costs like 5 bucks but worth it to know exactly what ur getting. https://taxr.ai
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CosmicCadet
•Is it legit? Seems sketchy to put tax info online 🤔
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Mei Chen
•totally legit! they use the same security as the irs portal. been using it all tax season
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CosmicCadet
•just tried it and wow ur right! got a complete breakdown of everything. way better than guessing fr fr 💯
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Liam O'Connor
im in the same boat! filed last week w similar situation. fingers crossed for both of us 🤞
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Amara Adeyemi
dont forget about state taxes too! might get something there depending were you live
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Zoe Christodoulou
•im in texas so no state tax here
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Giovanni Gallo
make sure u claim head of household if ur eligible, makes a huge difference
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Zoe Christodoulou
•yea thats what im doing, im single and kids live with me
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Fatima Al-Mazrouei
did u get any stimulus or advance ctc last year? gotta factor that in
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Zoe Christodoulou
•nah didnt get any of that
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Fatima Al-Mazrouei
•even better for ur refund then!
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