Anonymous wrote:Married, 2 kids and high mortgage
HHI 330k
Nanny and preschool
Fed owed: 17k (including Nanny tax of 8k)
Sate refund: 2k
Anonymous wrote:HHI $200k
Mortgage deduction
Child care deduction
Max out both 401ks
Max out HRA
Married, filing jointly, withholding as single (both)
Owed DC $450
Federal return $6k
We get it wrong every year, either owe a ton or get a big return...time to consult a CPA.