Taxes owed for single male age 40 in Washington State for 2018.?
Qualified business expense: 1500
IRS Early distribution: 15000
Federal Tax Paid: 9300
Mortgage Interest Paid: 5000
Student Loan Interest Paid: 500
Tax Year: 2018
I have an estimate between 7000-7500 due to the IRS. I would like to avoid hiring a tax professional and wanted to see if my estimate sounds within a reasonable range? About 9000 is from income for contracting, and was able to qualify $1500 as business expenses. I did buy a house and had to qualify for an FHA loan, which was an extra $5000, I didn't find that any of that qualified as being wrote off. I am not a first time home owner. I have two younger buys, but their mom claims them as dependents. They spend 40/100 of the time with me.