My wife and I claim zero dependents throughout the year and receive a return every year of approximately $3,000.
We have an 18 month old son and have owned a home since 2011.
We ran the numbers in HR blocks 2014 calculator and the result was a return of $100. We have $7500 in mortgage interest and $7200 in child care expenses, and claim one dependent for our son.
The HR block calculator has always been accurate in years past.
How is this possible?
Read more: Is the mortgage interest deduction gone for 2014?
