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Reply to "Post your 2013 Tax Refund or Tax Burden"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI 90k Taxable income this year under 20k Rental loss Capital gains loss Other losses Mortgage deduction Child credits Charitable donations etc Federal refund = $5500 DC refund = $2k We typically break even so this year is highly unusual. We had some unusual situations and considerable deductible losses. We actually ended up with a tax liability of zero. [/quote] I don't understand?[/quote] You don't understand what? What I was saying was that our refund consists of everything we paid this year. We are having all our withheld taxes refunded to us because we have ZERO tax liability for 2013 and had already paid $5500 for federal and 2k for DC. [/quote]
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