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First year in the Public Sector tax questions
Hi all,
I've been using Turbotax for years, but this year's taxes will be done with me working in the public sector for a local government entity.
I was trying out some tax refund estimators, both on Credit Karma, as well as TurboTax, and they keep saying I'll be owing over $1,000, when I've never owed taxes before. I've always gotten even a modest return of a few hundred dollars at the worst.
I'm wondering if they don't take into account all the different pre-tax options we have, such as an FSA, 457(b) deferred compensation, etc.
It doesn't seem like it should be, but is filing taxes this year going to be significantly different from previous years, moving from private into public sector work?
Any replies would be welcome, especially from fellow public sector employees.
Thanks!