my tax return sucks | TigerDroppings.com

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Batdawg
Georgia Fan
Member since Dec 2012
360 posts

my tax return sucks



I'm getting $1500 back federal and $150 back on state.

I made $40,000, no kids, I rent, filed zero.

Wtf. Is it just this shitty tax bracket or what?



This post was edited on 2/5 at 5:37 pm



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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
32543 posts

re: my tax return sucks


I don't understand.





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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
31105 posts
 Online 

re: my tax return sucks


quote:

my rax return sucks


Calm down, Scoob.






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Janky
LSU Fan
Team Primo
Member since Jun 2011
8329 posts

re: my tax return sucks


Sounds to me like you are having too much withheld. The goal would be to get zero back and owe nothing.





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Crimsonsaint24
Alabama Fan
Alabama
Member since Jul 2011
549 posts

re: my tax return sucks








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Lsut81
USA Fan
Member since Jun 2005
64946 posts

re: my tax return sucks


quote:

I'm getting $1500 back federal and $150 back on state.

I made $40,000, no kids, I rent, filed zero.

Wtf. Is it just this shitty tax bracket or what?








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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
16007 posts
 Online 

re: my tax return sucks


Oh, you got a return? Quit being a pussy





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TDsngumbo
LSU Fan
Member since Oct 2011
5471 posts
 Online 

re: my tax return sucks


Return??

HA! Be happy you're getting something back.






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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120715 posts

re: my tax return sucks


quote:

I'm getting $1500 back federal and $150 back on state.


How much are you really expecting to get back on that income?






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Lsut81
USA Fan
Member since Jun 2005
64946 posts

re: my tax return sucks


quote:

How much are you really expecting to get back on that income?



No shit, with no itemized deductions, that sounds about right






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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
41814 posts

re: my tax return sucks


So how much in taxes did you pay? If you witheld at 5 I don't really feel sorry for you.





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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
19369 posts

re: my tax return sucks


quote:

Sounds to me like you are having too much withheld. The goal would be to get zero back and owe nothing.


Yuuup.

My tax return this year is huge. My first year on the job so I let it ride and have already corrected it for next year so I can get it around zero.

What's great is I got used to that "smaller" paycheck, and have effectively replaced the "added" money from changing my return by being newly eligible for 401K and started an HSA, so I am even with last year.






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GoCrazyAuburn
Auburn Fan
Member since Feb 2010
15008 posts
 Online 

re: my tax return sucks


Why do you want a big tax return? All that means is you loaned the government your money at basically 0 interest.


So, I guess, congratulations on not giving the gov't as much of your hard earned money up front this year

Still room for improvement though.



This post was edited on 2/4 at 4:16 pm


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Batdawg
Georgia Fan
Member since Dec 2012
360 posts

re: my tax return sucks


I paid like $5000 something in taxes to federal, somewhere around that throughout the year and $2000 to state. Got $1500 back from federal and $150 from state. Sound about right?





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Lsut81
USA Fan
Member since Jun 2005
64946 posts

re: my tax return sucks


quote:

I paid like $5000 something in taxes to federal


Does that include SS and medicare/medicaid?






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Batdawg
Georgia Fan
Member since Dec 2012
360 posts

re: my tax return sucks


No.





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Croacka
UNLV Fan
Denham Springs
Member since Dec 2008
51595 posts

re: my tax return sucks


quote:

Calm down, Scoob








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Lsut81
USA Fan
Member since Jun 2005
64946 posts

re: my tax return sucks


quote:

No.


Sucks to be you... My illegitimate children thank you for your contribution






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LSUSUPERSTAR
LSU Fan
TX
Member since Jan 2005
9799 posts

re: my tax return sucks


No one is going to feel sorry for you when you are getting money back. Most on here still have to pay in more including me. It just sucks. I had to make an adjustment to pay an additional amount each week to try to break even next tax season. I hate the tax man.





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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
30155 posts

re: my tax return sucks


quote:

I paid like $5000 something in taxes to federal, somewhere around that throughout the year and $2000 to state. Got $1500 back from federal and $150 from state. Sound about right?


No. It sounds like you should have paid about $3500 federal and $1500 to state.






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