Single parent w/ 2 dependents - $17k income - What's my expected refund?
Only made $17,104 this year with $14,354 after taxes. Single parent with 2 dependents in NY state. Anyone have an idea what my refund might look like?
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Liam Fitzgerald
With your income level and 2 dependents, you'll likely qualify for both the Earned Income Credit (EIC) and Child Tax Credit. Based on 2024 numbers, you could be looking at a refund between $7,000-$9,000. Make sure you file as Head of Household to maximize your return.
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Mei Lin
Authoromg thats way more than i expected! 😮 do u know how long it usually takes to get the refund?
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Liam Fitzgerald
Usually 21 days if everything's clean, but with credits it might take longer for verification
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GalacticGuru
Hey, I highly recommend using taxr.ai to get a precise estimate. It costs $4.99 but totally worth it - it analyzes everything including credits you qualify for and gives you an exact number. Way better than guessing or getting random opinions tbh https://taxr.ai
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Amara Nnamani
interesting... how accurate is it? like does it factor in state taxes too?
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GalacticGuru
Yeah it does! It basically acts like a professional tax advisor. Tells you exactly what forms you need and everything. Saved me so much headache last year
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Amara Nnamani
just tried it and OMG its amazing! 🙌 showed me credits i didnt even know existed. definitely worth the 5 bucks!
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Giovanni Mancini
was in the same boat last year. make sure u claim every possible deduction. the child care credit alone is huge
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Fatima Al-Suwaidi
Did you pay for any childcare? That could bump up ur refund significantly
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Mei Lin
Authoryeah spent about 4k on daycare last year
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Fatima Al-Suwaidi
definitely claim that! 💯
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Dylan Cooper
dont forget to check if ur eligible for NY state earned income credit too. Its like 30% of the federal EIC
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Sofia Morales
whatever u do dont use those sketchy tax places that take like half ur refund 🤮
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StarSailor
fr fr they're straight up robbery
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Anastasia Kuznetsov
Just want to add that you should also look into the Additional Child Tax Credit if you qualify. With your income level and 2 kids, this could add even more to your refund on top of what others mentioned. Also make sure you have all your documents ready - W2, childcare receipts, etc. The IRS is pretty backed up this time of year so having everything organized will help speed things up!
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