Did my 2018 taxes last night...

Discussion in 'The Dungeon' started by wood600rr, Jan 29, 2019.

  1. Phl218

    Phl218 Lemme ask my wife

    Made more in 18, got more back than for 17

    Would have been less but got more for having a kid
     
  2. Banditracer

    Banditracer Dogs - because people suck

    Taking all our stuff to the accountant Friday evening, should have the results in a week. We'll see if it's good news.
     
  3. Mongo

    Mongo Administrator

    I used to work as a contractor for Pro Series and did mine quarterly, you can still do it and get close to a wash at the end of the year.
     
  4. auminer

    auminer Renaissance Redneck

    Getting back more isn't a measurement of success, nor is it a measurement of the effects of the tax law changes.
     
  5. Motofun352

    Motofun352 Well-Known Member

    But it is an indication of the terrible lack of financial knowledge on the part of the general population. Even the ones who say it's a way of forced savings...lord, just how stupid (or lazy) can you get. What's even worse is the government won't send out refunds until after 2/15...even if you submit early. That way they get to keep your money for a few weeks longer. May not seem like much when you're talking about a thousand bucks but when you multiply that out it could easily amount to many millions in interest.
     
    TurboBlew likes this.
  6. kangasj

    kangasj Well-Known Member

    Ya, no shit. I take the interest-free loan every year and just give Sam $1200.ooish around April 15th...
     
    TurboBlew, Jon Wilkens and Motofun352 like this.
  7. Kolbe

    Kolbe Well-Known Member

  8. BigBird

    BigBird blah

    owe about $5k this year :Puke:
    The property tax/state tax cap limits suck. swing of about $6k from last year.

    Everything pretty much the same, except in 2017 tax year last year we moved from NY to NJ, so there was 1/2 residency in each state.
     
    SuddenBraking and Motofun352 like this.
  9. Motofun352

    Motofun352 Well-Known Member

    Talk about the frying pan or the fire. :crackup:
     
    BigBird and Marid2apterbilt like this.
  10. crashman

    crashman Getting slower every day

    Just got all of my stuff back. Paid $1,300 less total tax on approximately $15,000 more income than in 2017. Ended up cutting a check to the Feds for $38 so this was a pretty happy tax year for me!:D
     
    Jon Wilkens likes this.
  11. jrsamples

    jrsamples Banned

    Between '17 and '18 there were a lot of variables in AGI, section 179, etc. It is tough to tell from a glance. But from Kentucky windage, it seems that I'm paying about 15% less than what I would have under the 2017 system. Sending in an additional 8500 and 2500 state. Could have bought an MT-07 and new gear. :mad:
     
    sill'r B sill'd likes this.
  12. rd400racer

    rd400racer Well-Known Member

    Paid $2500 last year, paying $5000 this year on pretty much the exact same income.
     
  13. R Acree

    R Acree WTF

    I got back a little less, income was slightly lower. The biggest factor was the dependent mini-blonde is now independent (more or less).
     
  14. had to pay for the first time this year. Sux
     
  15. R Acree

    R Acree WTF

    I got back less, but my take-home was higher. Works for me.
     
  16. In Your Corner

    In Your Corner It's a little-known fact...

    I had to pay almost $600.
     
  17. sheepofblue

    sheepofblue Well-Known Member

    Be interesting to see how many said there take home went up that are now saying refund went down :Pop: Effective rate is all that matters (mine stayed about the same but I had changes that should have made it rise) :rtfrb:
     
    lrrs517 likes this.
  18. lrrs517

    lrrs517 Internet Investigative Officer

  19. nigel smith

    nigel smith Well-Known Member

    Obviously, Trump is aware of your political affiliation and is using the IRS to target you.
    If your income and withholding stayed constant, yet your tax burden increased, I assume that you lost a credit or an exemption somewhere along the way?
     
    kangasj likes this.
  20. rd400racer

    rd400racer Well-Known Member



    Lots of exemptions went away.
     

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