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re: Will You Get a Tax Refund or Do You Owe?

Posted on 3/22/23 at 12:12 pm to
Posted by Bryno1960
Off River Road
Member since Aug 2013
3785 posts
Posted on 3/22/23 at 12:12 pm to
I have not done mine yet but have owed every year since I retired and am working again.
Posted by Macfly
BR & DS
Member since Jan 2016
10387 posts
Posted on 3/22/23 at 12:12 pm to
Fed refund and owe state every year.
Posted by tylerlsu2008
Monaco
Member since Jul 2015
1528 posts
Posted on 3/22/23 at 12:13 pm to
Owe a lot. A lot of it due to supplemental income taxation in bonuses at the federal level.
Posted by jrodLSUke
Premium
Member since Jan 2011
26236 posts
Posted on 3/22/23 at 12:14 pm to
I hope all of you that owe taxes enjoyed your choices on election night.
Posted by danilo
Member since Nov 2008
25683 posts
Posted on 3/22/23 at 12:16 pm to
Return from Fed, paying great state of Loosianna. Net positive. Not a baller.
This post was edited on 3/22/23 at 12:17 pm
Posted by The Torch
DFW The Dub
Member since Aug 2014
29535 posts
Posted on 3/22/23 at 12:17 pm to
Owe
Owe
Owe
It's off to work I go

Have to pay for Joe
Posted by Wolfhound45
Member since Nov 2009
127363 posts
Posted on 3/22/23 at 12:18 pm to
Most I have ever owed ($10k). Pay raises and bonuses killed me (in a good way).
Posted by madamsquirrel
The big somewhere out there
Member since Jul 2009
56212 posts
Posted on 3/22/23 at 12:20 pm to
quote:

Return from Fed, paying great state of Loosianna. Net positive
that was usually how we ended up. Fed return did not cover LA that we owed most years. We aim to break even.
Posted by cheobode
Member since Dec 2017
1545 posts
Posted on 3/22/23 at 12:30 pm to
I usually figure it out beforehand to where I break even federal, but always get back $70 via state.
Posted by Palomitz
Miami
Member since Oct 2009
2699 posts
Posted on 3/22/23 at 12:32 pm to
Got a miserable refund of $270.
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 3/22/23 at 12:32 pm to
quote:

I just finished filing my taxes and I owe $6600.


thats why you should prepay your taxes each quarter so you dont have to write that big check.

i know what my income is, and my estimated taxes based on that, so each quarter i pay it and at tax time im even or just get a small refund of $100 or so.

i also pay taxes on my IRA required withdrawal at the same time when i take it.

Posted by CHEDBALLZ
South Central LA
Member since Dec 2009
23242 posts
Posted on 3/22/23 at 12:34 pm to
Believe it or not, I owe $348 and a lil change, very close to 350
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
73580 posts
Posted on 3/22/23 at 12:34 pm to
As of right now it’s looking like we will land somewhere in the $5k ballpark.
Posted by Breauxsif
Member since May 2012
22340 posts
Posted on 3/22/23 at 12:37 pm to
No state income tax, but we get F’ed over on property tax

Going to end up owing the Feds.
Posted by CunningLinguist
Dallas, TX
Member since Mar 2006
19239 posts
Posted on 3/22/23 at 12:39 pm to
Owe around $4k
Posted by bikerack
NH
Member since Sep 2011
2550 posts
Posted on 3/22/23 at 12:41 pm to
Owed $955 this year on top of the quarterly payments made through the year.

My goal every year is between $500 refund and $500 owed. My wife started a new job last year with variable hours and it screwed up my calculations.
Posted by SlimTigerSlap
Member since Apr 2022
4313 posts
Posted on 3/22/23 at 12:43 pm to
quote:

First time in my life I owe, even though my wife and I do the max withholding.

FJB

Coonass causation.
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
76193 posts
Posted on 3/22/23 at 12:45 pm to
close to a wash.

we adjust our withholding where we either get nothing back or pay a little
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
63399 posts
Posted on 3/22/23 at 12:46 pm to
I.O.
Posted by BottomlandBrew
Member since Aug 2010
29869 posts
Posted on 3/22/23 at 12:47 pm to
Owe this year. It came out of my account today, actually. Not happy.
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