- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: In a Shutdown, IRS Will Take Your Money, but Give No Refunds
Posted on 1/4/19 at 1:57 pm to Mingo Was His NameO
Posted on 1/4/19 at 1:57 pm to Mingo Was His NameO
I pretty much break even every year or owe a little.
Screw getting killed in taxes all year and getting a return
Screw getting killed in taxes all year and getting a return
1
Posted on 1/4/19 at 2:01 pm to Fat and Happy
quote:
Screw getting killed in taxes all year and getting a return
I would hope you file a return every year. If not you could be in for some serious misfortune.
Posted on 1/4/19 at 2:08 pm to Mingo Was His NameO
quote:
I would hope you file a return every year.
In this thread, there are several who don't know what a tax return is
Posted on 1/4/19 at 2:17 pm to foshizzle
They do it by taking in their last pay stub of the year in and base it on the info listed on it. There are places doing taxes right now where i live.
Posted on 1/4/19 at 2:19 pm to Mingo Was His NameO
3%+ gdp over the next 35-40 years.
Posted on 1/4/19 at 2:56 pm to TechDawg2007
quote:
So they will get to keep my money longer with ZERO penalty. fricking crooks
Well it’s not their fault you voluntarily gave them more than you actually owed.
Posted on 1/4/19 at 3:23 pm to Mudminnow
I disagree. Personally i try to set my withholdings to where i break even, or owe, and a lot of others do the same. If folks aren’t doing this, they should because all they are doing is giving the government an interest free loan. Those who expect $5000-$10000 deserve to be heartbroken waiting on THEIR money back for not setting their withholdings correctly. I’m in no hurry for my bill or $500 bucks TBH.
Posted on 1/4/19 at 3:25 pm to Jumbo_Gumbo
quote:
Personally i try to set my withholdings to where i break even, or owe, and a lot of others do the same. If folks aren’t doing this, they should because all they are doing is giving the government an interest free loan.
Or if you are bad with money you can view it as the government being the custodian of a savings account that you can't access but once a year.
Posted on 1/4/19 at 3:33 pm to Passing Wind
quote:
Scare tactics for poors by Democrats. If you get a large refund from IRS you’re doing it all wrong anyways. Goal is to have them draw enough out to break close to even at tax time. Otherwise you’re giving the government a loan interest free each year.
Actually, the goal is for you to owe money every year so you can make interest on their money for 25% of the year.
Posted on 1/4/19 at 3:52 pm to Passing Wind
quote:
Scare tactics for poors by Democrats. If you get a large refund from IRS you’re doing it all wrong anyways. Goal is to have them draw enough out to break close to even at tax time. Otherwise you’re giving the government a loan interest free each year.
Or like me, you had your first child so you get a big tax credit, your wife quit working in September thus increasing the return, and you paid off a bunch of student loan debt that is deductible.
Its not always that easy. I would like the few thousand dollars I'm gonna get
Posted on 1/4/19 at 3:56 pm to TheCaterpillar
quote:
thus increasing the return
Huh?
quote:
you paid off a bunch of student loan debt that is deductible.
$2.5k of interest is deductible. It's likely that's only a couple hundred bucks of taxes.
Posted on 1/4/19 at 3:58 pm to Mingo Was His NameO
quote:
$2.5k of interest is deductible. It's likely that's only a couple hundred bucks of taxes.
And that's not even an option to those who make over the threshold which is total bullshite.
Why do I not get to take advantage of that while the barista at Starbucks gets to?
Posted on 1/4/19 at 4:08 pm to Jumbo_Gumbo
If it's just going into checking it doesn't really matter either way.
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News