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Retirement tax questions
Hi, me again!
Just to follow up, I itemize my deductions to a tune of about $22K-$25K per year and claim head of household with two dependents. Each year I receive a tax refund anywhere from $7K-$10K federal and $600-$1.2K state. I took your advice and was able to add the $2700 to my federal & state, but my refund only increased $800 instead of the $2700 on state, which I already over paid and nothing happened on my federal. In my head, since I over paid on both and am receiving refunds this year, my federal should go up slightly and my state should go up $2700 since no additional income was added. I was wondering if you had any advice for that. Thanks.
‎February 4, 2021
4:44 AM