Started By
Message

re: "I owe taxes" non poors check in here

Posted on 4/15/19 at 9:31 am to
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 4/15/19 at 9:31 am to
My first year self employed, I estimated way high and got a refund of like $8k.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
79742 posts
Posted on 4/15/19 at 9:31 am to
I always withhold enough to get a refund.

I get the "don't let them hold your money" argument, but being honest with myself I don't think income on that 3k every year is going to sway my retirment savings that greatly.

I hate the feeling when writing that fricking check.
Posted by yellowfin
Coastal Bar
Member since May 2006
99034 posts
Posted on 4/15/19 at 9:35 am to
But you could have made tens of dollars on that 3k throughout the year!
Posted by bee Rye
New orleans
Member since Jan 2006
34623 posts
Posted on 4/15/19 at 9:38 am to
I owed $19 this year :winning:
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 4/15/19 at 9:39 am to
Still got money back! Ah! Went and upped my W4 for 2019.
Posted by MLCLyons
Member since Nov 2012
4790 posts
Posted on 4/15/19 at 9:41 am to
quote:

Happy Government theft day.


I bet you also bitch about traffic, the condition of our roads, our shitty schools, etc.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
79742 posts
Posted on 4/15/19 at 9:42 am to
quote:

But you could have made tens of dollars on that 3k throughout the year!


It put me retiring on a thursday instead of the tuesday.
Posted by Quidam65
Q Continuum
Member since Jun 2010
20520 posts
Posted on 4/15/19 at 9:47 am to
I owed because I failed to update my W-4 after selling off all my rental properties since I no longer have the tax losses. I fixed that problem this year. If I owe next year it won't be nearly as much.
Posted by Quidam65
Q Continuum
Member since Jun 2010
20520 posts
Posted on 4/15/19 at 9:51 am to
quote:

I owed $19 this year


That's my goal, keep the bill/refund in a narrow range.
Posted by Tester1216
South Louisiana
Member since Jul 2018
22149 posts
Posted on 4/15/19 at 9:52 am to
I owe $300
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 4/15/19 at 9:54 am to
Got a return for the first time in years. Had my wife taking out extra at work each month since they typically don't tax her enough. But with the new changes, and some poorer than normal stock trading performance on my end, it came out that we got a couple thousand back. Usually I'm paying several thousand.
Posted by BACONisMEATcandy
Member since Dec 2007
46743 posts
Posted on 4/15/19 at 9:54 am to
quote:

I get the "don't let them hold your money" argument, but being honest with myself I don't think income on that 3k every year is going to sway my retirment savings that greatly.


My problem is having to ask for my money back and having to "prove" they owe it to me
Posted by MSTiger33
Member since Oct 2007
21754 posts
Posted on 4/15/19 at 9:55 am to
Called cap gains and my nanny fed tax withholdings.
Posted by c on z
Zamunda
Member since Mar 2009
131087 posts
Posted on 4/15/19 at 9:59 am to
Got over 2300 from fed/state this year.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
44798 posts
Posted on 4/15/19 at 10:00 am to
Posted by SanFranTiger
Santa Fe, NM
Member since Sep 2003
5048 posts
Posted on 4/15/19 at 10:02 am to
Yeah I owed almost $6,000
to feds because I didnt change my withholding in anticipation of selling my SF house.

But getting a $1500 refund from California because they allow moving expenses.

Also the last year I had to
file
married filing separately. Divorced in 2019.
Posted by TheOtherWhiteMeat
Fort Smith
Member since Nov 2009
20734 posts
Posted on 4/15/19 at 10:03 am to
quote:

My first year self employed, I estimated way high and got a refund of like $8k.



Same, self-employed. I broke even on fed tax, though. I owe the state a whopping $26.
Posted by PCRammer
1725 Slough Avenue in Scranton, PA
Member since Jan 2014
1977 posts
Posted on 4/15/19 at 10:03 am to
quote:

This year is the first refund I've gotten in probably a decade

Conversely, this is the first I've owed in a decade. Although I would have last year if not for building a new house and claiming all the taxes paid on building materials.
Posted by Landmass
Premium Member
Member since Jun 2013
26056 posts
Posted on 4/15/19 at 10:04 am to
My goal with taxes is to break even. If I owe, then I did not pay enough. If I get a return, I just gave our federal government a-holes an interest free loan and missed having that money in an account that gains value.
Posted by Thib-a-doe Tiger
Member since Nov 2012
36799 posts
Posted on 4/15/19 at 10:04 am to
I’m smart enough to figure out how much my taxes are beforehand
first pageprev pagePage 3 of 7Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram