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Started By
Message
re: How's the new tax laws treating you?
Posted on 1/23/19 at 9:10 am to Flanders
Posted on 1/23/19 at 9:10 am to Flanders
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
4
Posted on 1/23/19 at 9:15 am to Mingo Was His NameO
I'm going to have to see once I'm done with this year's.
I think it will be pretty close despite losing about $4k on SALT deductions.
Our incomes have been changing so much I can't just look at the liability, payment/refund amount on their own and know right away.
I think it will be pretty close despite losing about $4k on SALT deductions.
Our incomes have been changing so much I can't just look at the liability, payment/refund amount on their own and know right away.
This post was edited on 1/23/19 at 9:17 am
Posted on 1/23/19 at 11:11 am to Mingo Was His NameO
quote:2% less withholding this year I take it is the root cause.
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
Posted on 1/25/19 at 10:32 am to Mingo Was His NameO
I would also be curious to know if he input the information in to the calculator accurately compared to what actually came back on his W2
Posted on 1/30/19 at 11:39 am to Mingo Was His NameO
quote:
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
I’m amazed at how many people don’t realize this. I’ve seen and heard a lot of people bitch because they aren’t getting as much back or have to pay.
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