Reply to $260K HHI. 2 Kids. Accountant or freebie software?

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Reply to "$260K HHI. 2 Kids. Accountant or freebie software?"

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[quote=Anonymous][quote=Anonymous]Does this return amount seem about right based on what I put in? I just want to make sure I'm not missing some moola! [/quote]

Just use TurboTax.  It walks you through your taxes.  It will ask a lot of questions to find out if there is any way you can get more back.  I've used it for 20+ years.  It has been through 2 primary houses, a secondary house, birth of twins, 6 years of daycare/preschool, high medical costs, an investment in a side business (schedule K1), a stock portfolio, separate pre-marital holdings and a lot more.

And to give you a ballpark, in 2018, we have a combined HHI of $280K and we paid about $44K in taxes.  But we itemize instead of the standard deduction (we are over the $24K standard deduction in part due to the two mortgages).  So, you are in the right general ballpark, but the only way to know for certain is to do your taxes.  Turbotax will handle your situation very easily and it should take you about 30-60 minutes if you have all of your tax documentation available when you sit down.  If not, it will take however long it takes to find the documents when TT asks you questions.[/quote]

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