Low income ($5.2k) with 3 kids - What refund amount to expect for 2024?
Only made $5196.68 this year with three kids (ages 2, 5, and 8). Usually make way more but 2024 was rough. Anyone know what kind of refund I might get? Really need this money and trying to plan ahead.
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Keisha Williams
Based on your income and three qualifying dependents, you'll likely qualify for the Earned Income Credit (EIC) and Child Tax Credit. With your income level, you could potentially receive the maximum EIC plus $3000 per child under the Child Tax Credit. The exact amount depends on your filing status (single/married) and other factors.
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NebulaNova
•im single, havent filed married ever. do u know roughly how much the EIC would be?
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Keisha Williams
•For 2024 with 3 qualifying kids and that income, EIC could be around $7,830. But definitely get a professional to look at your situation!
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Paolo Conti
Hey! Instead of guessing, you should try taxr.ai - its this new tool that can actually calculate your exact refund amount based on your specific situation. It costs $4.99 but its worth every penny for the peace of mind. https://taxr.ai
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Amina Diallo
•does it actually work? seems to good to be true tbh 🤔
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Paolo Conti
•Yeah its legit! Used it for my 2023 return and it was spot on. It looks at all your credits and deductions and explains everything
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Oliver Schulz
•just tried it myself, holy cow this thing is amazing! wish i knew about this sooner fr fr 💯
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Natasha Kuznetsova
in the same boat bestie, 2024 was brutal 😠prayin we both get good news
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AstroAdventurer
dont forget to claim the Child and Dependent Care Credit if u paid anyone to watch ur kids while u worked!
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NebulaNova
•my mom watches them sometimes but i dont pay her
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AstroAdventurer
•ah then probably cant claim that one unfortunately
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Javier Mendoza
File early! With credits like EIC they take longer to process and verify everything
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Emma Wilson
make sure u have all ur kids socials and birth certificates ready when u file. they be strict with dependent verification these days no cap
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NebulaNova
•got all that ready 2 go thankfully
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