Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "2013 HHI and paid tax"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI: $198k (gross income) Federal Tax: $18,459 VA Tax: $6,289[/quote] How come is your federal tax so low? A lot of deductions? Did you reach AMT?[/quote] Roughly $17k in mortgage interest, $6k of charitable donations, max two 401ks, daycare spending account, property tax of roughly $6k, capital loss carry forward up to the limit. I think our AGI was just shy of $150. Our effective tax rate was roughly 12.3%, which I think it fairly standard for the under $200k set. Next year it will be more as we will just break over $200k and will likely get hit with the AMT this time. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
