Tax question (1 Viewer)

[JasonS]

Hey all, we're all going to have to be thinking of taxes soon, and I have a quick question. We had a baby in April, and I was wondering what tax situation will be like this year. Any tips?

Here's a little background. We will have owned our home for 2 years in April, and we make a little over $100k combined.

Any good sneaky ways to get a bigger refund?

 

[SteveK]

Jason- I don't know about any "sneaky" ways to get a bigger refund...but you will probably get a bigger refund anyway. You're obviously entitled to another deduction, plus I think there's a $500 tax credit for each minor child (but I don't have any kids, so don't quote me on that). Plus, I think the tax rates may be slightly lower this year than last. So overall you may be pleased at the size of your refund....even without "sneaky" tricks.

Good luck!
Steve K.