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How are the results of your tax returns coming along?

Posted on 4/9/24 at 7:17 am
Posted by ApexTiger
cary nc
Member since Oct 2003
53770 posts
Posted on 4/9/24 at 7:17 am
Money owed about what your expected?

Any of you self employed?

Run a business?

Posted by lgtiger
LA
Member since May 2005
1140 posts
Posted on 4/9/24 at 7:20 am to
Self employed.........still waiting on CPA.........usually owe a ton ( more than my salary) ( damn pass thru taxes)
This post was edited on 4/9/24 at 7:21 am
Posted by Yaboylsu63
Member since Mar 2014
1525 posts
Posted on 4/9/24 at 7:20 am to
Owed about $2500.
Pretty pissed about it.
Wasn’t expecting a refund but did think it was going to be in the 500-1000 range.
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
65703 posts
Posted on 4/9/24 at 7:20 am to
ours is basically the same every year. we either have to pay less than $100 or we get back less then $100.
Posted by Loup
Ferriday
Member since Apr 2019
11233 posts
Posted on 4/9/24 at 7:22 am to
Got a small refund. I know that means that my withholdings were correct throughout the year but when I see how much I paid and think about how much easier my life would be if I had that money I get pissed AF. I'd feel a little bit better about it if I thought it were being used responsibly but just a little bit.
Posted by Dixie2023
Member since Mar 2023
1401 posts
Posted on 4/9/24 at 7:23 am to
Went ok. Owed about $100 to feds and refund of same from state. I try to make it so it’s even or in this range owed vs a “refund” of my money or a surprise of owing several thousand.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48450 posts
Posted on 4/9/24 at 7:23 am to
quote:

Owed about $2500.

About the same but I expected it.
Posted by bikerack
NH
Member since Sep 2011
2126 posts
Posted on 4/9/24 at 7:29 am to
We pay estimated taxes and I track things through the year to try to be as close to $0 as possible.

This year, we owed $48....closest I've ever been.
Posted by GreatLakesTiger24
COINTELPRO Fan
Member since May 2012
55559 posts
Posted on 4/9/24 at 7:32 am to
I didn't work for most of the year so I actually got some back. I paid plenty the year before though.
Posted by ATL_Tigerfan
Atlanta, GA
Member since Feb 2022
113 posts
Posted on 4/9/24 at 7:35 am to
Self employed.
Run a few small businesses.
Getting a bit back, adjusting withholdings on my payroll to give the government less during the year of my money. Would rather owe them a little bit so they haven't had my money interest free during the year.
Posted by BottomlandBrew
Member since Aug 2010
27074 posts
Posted on 4/9/24 at 7:38 am to
Got mine back from the accountant yesterday. Only owe $277 on personal this year . I owed $7k last year. My new accountant doing work.
Posted by RealDawg
Dawgville
Member since Nov 2012
9370 posts
Posted on 4/9/24 at 7:39 am to
Owe a few thousand.
Posted by Evil Little Thing
Member since Jul 2013
11218 posts
Posted on 4/9/24 at 7:42 am to
Owed $185 to Feds; got $135 back from state. About as close to breaking even as we could hope.

Anticipating our 2024 returns to be more of a mess between income changes & having an out of state employer.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 4/9/24 at 7:43 am to
quote:

know that means that my withholdings were correct throughout the year but when I see how much I paid and think about how much easier my life would be if I had that money I get pissed AF.


The world would be a better place if withholdings were not a thing and we all had to write gigantic checks in April. Taxes and rampant government spending would get fixed with a quickness
Posted by Rize
Spring Texas
Member since Sep 2011
15764 posts
Posted on 4/9/24 at 7:44 am to
Got back around 4.5k but owe the state $500. I always end up paying and this is the 1st year I’ll get a refund in about 10 years.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65553 posts
Posted on 4/9/24 at 7:46 am to
As always I’m waiting on my CPA to let me know at the 11th hour.

I’m just hopeful I’ll be close (+/-), I know I won’t be getting much back best case.
Posted by tigersownall
Thibodaux
Member since Sep 2011
15304 posts
Posted on 4/9/24 at 7:49 am to
I already got my money back.
Posted by ApexTiger
cary nc
Member since Oct 2003
53770 posts
Posted on 4/9/24 at 7:53 am to
quote:

I owed $7k last year. My new accountant doing work.



that part is amazing isn't it?

you could give 10 accountants the same information, and you might get 10 different results back...

our tax code is stupid

My son is upset he owes 1082.00...

he is a student who did door dash and moving type work, earned about 7400 dollars...he is 1099

he didn't pay taxes yet...still the 1082 was a lot more than he expected

CPA said it had to do with "self employment taxes"... plus NC has state income taxes...

tough lessons




Posted by TheJunction
Mississippi
Member since Oct 2014
951 posts
Posted on 4/9/24 at 7:57 am to
Getting back about $1500. Got back $1000 last year and made adjustments to get that number close to zero, but had a kid so I guess we didn’t adjust enough.
Posted by LSUJML
BR
Member since May 2008
45305 posts
Posted on 4/9/24 at 7:58 am to
Still waiting on K-1
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