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re: How's the new tax laws treating you?

Posted on 1/23/19 at 9:00 am to
Posted by Flanders
Bham
Member since May 2008
9847 posts
Posted on 1/23/19 at 9:00 am to
I expected the tax breaks to be highly in my favor. When I imported my W2's yesterday it was a punch to the gut.

I have fooled around with the tax calculators and predictions for a couple months now and those were telling me to expect anywhere from $2-3k in return. Not even close.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 1/23/19 at 9:10 am to
quote:

I have fooled around with the tax calculators and predictions for a couple months now and those were telling me to expect anywhere from $2-3k in return. Not even close.


That doesnt really mean anything. You need to look at your liability and effective rate compared to last year. It's very possible you just didn't have as much withheld therefore didn't get as much back
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