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Reply to "2013 HHI and paid tax"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Approx 90k Federal tax paid: Zero DC tax paid: Zero (I think, it might have been a couple of hundred for DC, don't remember exactly)[/quote] Wow! I am surprised you didn't pay anything! Do you have a ton of kids or a huge mortgage? Or gave away a lot to charity?[/quote] 2 kids, about 10k in mortgage deductions. Usually we pay about 5k federal but we had a ton of losses related to trusts/inheritance this year. Plus allowable losses due to a rental property. Plus child credits, charitable donations (a lot again due to inheritance and donating furniture). Then 401k and IRS deductions. I don't remember what else right now, but it was an unusual collection of events that bought our taxable income down below $20k.[/quote] Impressive! [/quote]
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