Submitted by tradingext t3_zzc1r2 in personalfinance
shinebock t1_j2dbk7h wrote
Reply to comment by -Sylphrena- in Early 30s, Houston suburb budget: does it look healthy? by tradingext
> How are your taxes so low?!?!
Just back of the envelope MFJ math, $125k of taxable income and assuming the standard deduction of $26k, OP's federal tax ought to be about $13k, so a bit higher than they withheld.
They're benefiting from the married filing jointly status, which is basically double the single status, and one of the two of the couple earns almost nothing.
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