Have a Tax Question? Ask a Tax Expert
Hi. My name is ***** ***** I will be happy to help you.
Your tax liability depends on you filing status and your deductions. Depending on your tax bracket some of the long term capital gains may also be taxable. I can run an estimate for you but I will need more information.
What's your filing status? Assuming your depends are children younger than 16.
Based on the information 53K income, 70K capital gains), assuming married with 2 children younger than 16, you are in 25% bracket and after credits and deductions your tax liability is $1,580
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