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The People's Choice
Tax season
Been using turbo tax for the past few years for my filing. This year, it's saying I have to pay back, or, have a refund of or about $79. It doesn't make sense.
In the past, I've gotten back $1200+. I know with the new administration, people are seeing less returns. I'll have to go to an accountant to file sometime soon. Anyone had this issue?
What are your refunds looking like? What are you doing with your returns?
Was going to use the refund on a nice vacation.
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Free the banned users.
Re: Tax season
If you paid less in throughout the year, your refund will be smaller.
New tax laws have people paying less in.
But we got 5,300 because we have two kids.
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wet brain
Re: Tax season
sucks because i unknowingly paid less tax through the year and am getting back chump change...
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NBA Legend and Hall of Famer
Re: Tax season
Originally Posted by Draz
Been using turbo tax for the past few years for my filing. This year, it's saying I have to pay back, or, have a refund of or about $79. It doesn't make sense.
In the past, I've gotten back $1200+. I know with the new administration, people are seeing less returns. I'll have to go to an accountant to file sometime soon. Anyone had this issue?
What are your refunds looking like? What are you doing with your returns?
Was going to use the refund on a nice vacation.
In the past you gave too much money to the government. If you have a smaller refund, you got paid more money throughout the year which is generally better.
https://www.irs.gov/newsroom/filing-...-march-15-2019
Refunds are about on the same as last year as this time.
People should really look at their paycheck.
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The People's Choice
Re: Tax season
Idk.. I've been getting paid exactly the same since last year, actually saw a decrease in pay per paycheck this year by $30 and last year I had a refund
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King Heno
Re: Tax season
Used Credit Karma for the first time and it was so much smoother and quicker than turbo Tax, and fully free.
I got more back this year than any other year, but that was due to my planning ahead of time and messing nwith my exemptions.
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Paid shill
Re: Tax season
this. big refund means u gave the government an interest free loan with ur money
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The People's Choice
Re: Tax season
Originally Posted by qrich
Used Credit Karma for the first time and it was so much smoother and quicker than turbo Tax, and fully free.
I got more back this year than any other year, but that was due to my planning ahead of time and messing nwith my exemptions.
I didn't know credit karma does taxes. Looking into it now.
I understand when you get a refund you had given the govt interest free money, but nothing changed in my pay since last time. Maybe my wife? Mhm.
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Stephen Kerry
Re: Tax season
Getting a little more then 3k refunded.
1k from state and 2k federal.
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The People's Choice
Re: Tax season
$80 back. Looks like Uncle Sam didn't get shit from me in free interest this time. Definitely considering having a kid for refunds.
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The Chosen King
Re: Tax season
I hate being self-employed. Always owe $7k+, never send in my estimated taxes.
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Barefoot Bandit
Re: Tax season
I've owed money the last couple years even though I'm claiming 0 on my W4.
But it's because I'm married filing taxes separately (to save money on my student loan payments)
At least my wife usually gets back $1-2K
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wet brain
Re: Tax season
Originally Posted by Raymone
I hate being self-employed. Always owe $7k+, never send in my estimated taxes.
any fiscal benefit from sending in estimated taxes (quarterly i'm assuming)?
also, i read on reddit how CEO's take 1$ salary since their real compensation is made other ways so they can claim capital gains. i need to visit a CPA to learn all these loopholes for self employment tax benefits.
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The People's Choice
Re: Tax season
Originally Posted by Raymone
I hate being self-employed. Always owe $7k+, never send in my estimated taxes.
My barber paid his accountant $7k alone just to file his taxes lol being a business owner sucks
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The Chosen King
Re: Tax season
Originally Posted by highwhey
any fiscal benefit from sending in estimated taxes (quarterly i'm assuming)?
I think I'm required to. Pretty sure I get fined every year for not doing it but the fine is pretty minimal, iirc.
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