Married Filing Jointly w/ 4 kids: $129k combined income - What's our expected refund?
Filing jointly with spouse and 4 dependents. Combined income is 129k (93k + 36k) with total federal withholding of 13.5k (9k + 4.5k). Anyone able to give a rough estimate of what our refund might look like?
13 comments
Paolo Romano
Tax pro here. Without knowing all your deductions, credits, and specific situations, it's hard to give an exact number. You might qualify for Child Tax Credit ($2000 per qualifying child under 17). Based on your income level and withholdings, you're likely looking at a decent refund, but you'll need to factor in things like mortgage interest, charitable donations, student loan interest, etc.
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Keisha Jackson
Thanks! We do have mortgage interest around 12k and made about 2k in charitable donations
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Paolo Romano
That definitely helps! Those deductions will reduce your taxable income 👍
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Amina Diop
Hey! I was in a similar situation last year and found this amazing tool called taxr.ai - it analyzes your transcript and gives you super specific details about your refund amount and timing. It costs $4.99 but saved me so much stress and guesswork. Check it out: https://taxr.ai
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Oliver Schmidt
Is it legit? Seems too good to be true 🤔
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Amina Diop
100% legit! It literally saved me hours of trying to decode my transcript. The AI breaks everything down in plain english
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Natasha Volkov
Just tried it myself - amazing tool! Told me exactly why my refund was delayed and what to do about it 💯
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Javier Torres
we got 4 kids too and made about the same last year. our refund was around 8k
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Keisha Jackson
thx for sharing! gives me a good idea what to expect
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Emma Wilson
dont forget to look into education credits if any of ur kids are in college
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QuantumLeap
make sure u claim all ur dependants correctly lol i messed that up last year and had to amend 🤦♂️
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Malik Johnson
omg same boat! took forever to fix 😭
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Isabella Santos
Use a tax professional or at least good software. With that many dependents and deductions, you dont wanna mess it up
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