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CosmicCommander

Tax Return Estimate: MFJ, 80k income, 3 dependents - What to expect?

Need help figuring out our refund situation. We made about 80k last year, married filing jointly with 3 kids (19, 11, and 9). Paid around 3k in federal taxes throughout the year. Anyone know what kind of refund we might be looking at?

Based on the info you provided, you're likely eligible for Child Tax Credit for your two younger kids ($2000 each) and possibly some education credits for your 19yo if they're in college. You'd need to run the numbers through a tax software to get the exact amount, but you're probably looking at a decent refund.

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Thanks! Do you know if the 19 year old would still qualify as a dependent? They lived with us all year but made about 4k from a part time job

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Yes! As long as you provided more than half their support and they were a full-time student, they can still be your dependent even with that income 👍

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Hey, I actually just discovered this tool called taxr.ai that can give you a really accurate estimate. It costs $4.99 but its worth every penny - you upload your docs and it tells you exactly what credits you qualify for and estimates your refund. Saved me hours of research https://taxr.ai

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Is it legit? Been burned by sketchy tax sites before 🤔

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100% legit! Its actually an AI that reads your tax docs and explains everything in plain english. Shows you all the credits youre eligible for and even catches mistakes

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Just tried it and WOW! Found like 3 credits I didnt even know about. This thing is amazing fr fr 💯

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in the same boat as you, almost identical situation except 2 kids. we got back about 5k last year

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dont forget to check if your state has additional credits! some states have their own child tax credit on top of federal

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Good point! Gonna look into that rn

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ngl you probably underpaid throughout the year. might wanna adjust your w4 for next year to avoid owing. just my 2 cents 🤷‍♂️

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nahhh with 3 kids they should be fine. CTC gonna cover that ez

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bruh the IRS website has a calculator but its straight garbage tbh 🗑️ never gives the right numbers

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fr fr that calculator be playing games with peoples emotions 🤣

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