Tax implications of $4k 1099R with 44k income and 4 dependents?

Tax professional here! With 4 dependents and 44k income, you'll likely owe much less than you think. The child tax credit and earned income credit could significantly offset any tax liability. I'd recommend running your numbers through a tax calculator to get a better estimate.

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i was in the same boat last year! ended up owing way less than i thought bc of my kids.

Dont panic! The tax bracket for 44k isnt that high, plus those dependents will help alot

bruh the irs website is str8 garbage rn trying to figure this stuff out

Make sure you check if any taxes were already withheld on that 1099R! Should show in box 4