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Started By
Message
Anyone else see a big difference in tax returns this year?
Posted on 2/5/19 at 8:50 pm
Posted on 2/5/19 at 8:50 pm
My gross wages went up by $15k, but my taxable income went up by $30k 
. I miss my tax credits
. I miss my tax credits 
20
Posted on 2/5/19 at 8:57 pm to MontyFranklyn
Yeah, looks like I’m no longer middle class, and I lost big deductions this year.
Posted on 2/5/19 at 9:10 pm to MontyFranklyn
Mine went down over 3k or so.
Have always itemized but now I take the standard deduction.
Have always itemized but now I take the standard deduction.
This post was edited on 2/5/19 at 9:11 pm
Posted on 2/5/19 at 9:14 pm to MontyFranklyn
I'm still young but i'm making right at 60k in a small town... i can't believe i paid like 18k in taxes... literally paid for somebody's life for a year through my taxes... i spend 2 dollars just to make 1
Posted on 2/5/19 at 9:18 pm to Codythetiger
You aren’t paying for people. You’re paying for things.
Posted on 2/5/19 at 9:20 pm to Codythetiger
Yea man. You don't use roads or parks or emergency services and shite.
Posted on 2/5/19 at 9:20 pm to MontyFranklyn
Judging by my anecdotal evidence your situation is pretty rare
ETA: this brag thread could've used more subtlety
ETA: this brag thread could've used more subtlety
This post was edited on 2/5/19 at 9:23 pm
Posted on 2/5/19 at 9:21 pm to Lakefront-Tiger
These tax laws expire in 2023, but the corporate tax laws don't expire
Posted on 2/5/19 at 9:26 pm to Codythetiger
quote:
literally paid for somebody's life for a year through my taxes
No, you subsidized much larger tax cuts for folks who make millions of dollars per year. Oh, and corporations.
Don't worry, we've been hearing for 39 years that that money you're giving to the rich will eventually trickle back down...I'm sure it will happen any year now. Be a little more patient.
Posted on 2/5/19 at 9:30 pm to mmmmmbeeer
quote:
mmmmmbeer
I love your posts
Because I love to laugh
This post was edited on 2/5/19 at 9:43 pm
Posted on 2/5/19 at 9:32 pm to MontyFranklyn
We normally get some money back from federal and state. Have owed in the past and would rather they take out more and get a small refund.
This year we owe for federal and are getting a much smaller refund from our state. But at least the refund will cover our federal tax bill and still leave us $500.
I was a little bummed. Was expecting our usual refund and was gonna pay off some debts with it.
This year we owe for federal and are getting a much smaller refund from our state. But at least the refund will cover our federal tax bill and still leave us $500.
I was a little bummed. Was expecting our usual refund and was gonna pay off some debts with it.
Posted on 2/5/19 at 9:32 pm to MontyFranklyn
We owed a little this year. Didn’t withhold enough
Posted on 2/5/19 at 9:34 pm to MontyFranklyn
Thanks Trump.
Posted on 2/5/19 at 9:34 pm to MontyFranklyn
The SALT limit is gonna hurt.
Posted on 2/5/19 at 9:34 pm to MontyFranklyn
Lapsed in medical insurance coverage for 3 months. They sure ate my arse up for that.
Posted on 2/5/19 at 9:36 pm to Codythetiger
Btw, you seriously fricked up somewhere btw. I’m in a high tax state and last year I didn’t have to pay half that.
Posted on 2/5/19 at 9:36 pm to Codythetiger
You made 60 and paid 18 in federal? No chance. You need a CPA.
Posted on 2/5/19 at 9:38 pm to JudgeHolden
quote:
You made 60 and paid 18 in federal? No chance. You need a CPA.
Yeah that can't be right.
He must be thinking of EVERYTHING taken out of his check. Federal, state, etc.
Posted on 2/5/19 at 9:38 pm to PipelineBaw
Slow down. You should be paying under 10 in federal worst case. They hit you for 8 for lapsed health insurance?
Posted on 2/5/19 at 9:39 pm to lsunurse
If he’s SE, then the extra social security might explain some of it.
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