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Started By
Message
re: “I’ll probably put my $1200 stimulus check in saving”
Posted on 4/13/20 at 6:14 pm to fallguy_1978
Posted on 4/13/20 at 6:14 pm to fallguy_1978
quote:
couple that makes 130k pays plenty of federal taxes.
Add two kids, and you don't really pay anything.
Then again, if you make enough to not qualify for any stimulus, and you pay a lot in taxes, you're doing it wrong. A couple more years and that's where we will fall, but still won't pay much due to non standard deductions.
4
Posted on 4/13/20 at 6:15 pm to Steadyhands
quote:
Then again, if you make enough to not qualify for any stimulus, and you pay a lot in taxes, you're doing it wrong.
How so?
quote:
A couple more years and that's where we will fall, but still won't pay much due to non standard deductions.
What kind of deductions are you taking?
Posted on 4/13/20 at 6:17 pm to Steadyhands
quote:
Add two kids, and you don't really pay anything.
We have a kid, make a little more than that and paid something like 16k in federal taxes last year.
Posted on 4/13/20 at 6:21 pm to Steadyhands
quote:
Add two kids, and you don't really pay anything.
That’s still going to be ~$10-12k
This post was edited on 4/13/20 at 6:25 pm
Posted on 4/13/20 at 6:27 pm to Steadyhands
Me and the wife brought in $142,000 combined, and paid $17,000 in taxes (I had to pay $942 after filing). We have two kids. That’s almost $18,000. I would hardly call that “nothing”. Then again, maybe you’re a millionaire and $18,000 is a joke to you.
As far as deductions, good luck coming up with more than $24,000 to file non standard deductions.
As far as deductions, good luck coming up with more than $24,000 to file non standard deductions.
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