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Joined: Jan 2006
Posts: 69,403 Likes: 5
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Jan 2006
Posts: 69,403 Likes: 5 |
You would rather they keep it all?
I would rather not give them an interest free loan. If your income and deductions are fairly fixed from year to year, it's very simple to adjust the withholding to minimize the size of a payout or refund. Its especially easy if you take a standard deduction.
“In a time of deceit telling the truth is a revolutionary act.”
― George Orwell
It's not over when you lose. It's over when you quit.
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Joined: Nov 2013
Posts: 28,819 Likes: 6
Campfire Ranger
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Campfire Ranger
Joined: Nov 2013
Posts: 28,819 Likes: 6 |
Seems they adjusted the withholding again. Getting less back than last year on the same income, more or less.
I’m one that the new regs were pretty much a wash on money-wise, but I’m sure enjoying not doing all that itemizing! Wham, Bam, file.
What fresh Hell is this?
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Joined: Nov 2014
Posts: 1,375
Campfire Regular
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Campfire Regular
Joined: Nov 2014
Posts: 1,375 |
I'll have to do an extension again, it seems some side hustle income stream messes me up every year.
One year I'll pay too much and get a refund, but I'm not sure how they can take much more and I still always owe.
Damn socialists. I have had to pay every single year since Obama took office. My wife and I have adjusted our withholdings to pay in more every year but somehow we still owe. I thought married couples got a better tax rate than single. I'm almost to the point of claiming single to break even.
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Joined: Jan 2009
Posts: 5,190
Campfire Tracker
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Campfire Tracker
Joined: Jan 2009
Posts: 5,190 |
Did mine on 2/12 thru FreeTaxUSA. Federal is free, State cost $13. We’ll see how long it takes.
Governor Halfwit screwed me out of my Homestead Property tax credit. For 2019 I got $1450 of it back, 2020 I only got $450. Thanks gretchen. Got the Federal refund today on the 23rd - in just 11 days. I wonder how long Governor Half-wit will drag her ass before I get my State refund?
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Joined: May 2012
Posts: 1,464
Campfire Regular
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Campfire Regular
Joined: May 2012
Posts: 1,464 |
I’m all about net zero. Income from all sources is pretty volatile, mostly positive. It makes it tough and the recent changes to charitable, itemizations, and state tax contribute to unknowns. We generally get a return regardless of how I setup deductions. I’m not super familiar with tax nuances yet either so could be a gap on my side.
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Joined: May 2012
Posts: 1,464
Campfire Regular
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Campfire Regular
Joined: May 2012
Posts: 1,464 |
Reminds me to file my taxes....
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Joined: Nov 2020
Posts: 810
Campfire Regular
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Campfire Regular
Joined: Nov 2020
Posts: 810 |
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Joined: Apr 2011
Posts: 151,746 Likes: 15
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,746 Likes: 15 |
We gonna have to pay, ain’t in no hurry
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Joined: Aug 2008
Posts: 1,953
Campfire Regular
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Campfire Regular
Joined: Aug 2008
Posts: 1,953 |
Delaying writing that check as long as poss this year, since it’s going to fund [bleep] that 90% of I’ll disagree with The last two years it has been deducted from my checking account on 4/15. Not sure I feel good about how they do that. I guess the same as me writing a check, but I have mixed feeling about the government taking money out of my checking account. Not happy how it is spend when they get it either.
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Joined: Jul 2011
Posts: 6,170
Campfire Tracker
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Campfire Tracker
Joined: Jul 2011
Posts: 6,170 |
Delaying writing that check as long as poss this year, since it’s going to fund [bleep] that 90% of I’ll disagree with The last two years it has been deducted from my checking account on 4/15. Not sure I feel good about how they do that. I guess the same as me writing a check, but I have mixed feeling about the government taking money out of my checking account. Not happy how it is spend when they get it either. You don't have to. Tell your tax person you will write a check. I am getting back $1020 from the feds and $35 from the state.
Fight fire, save lives, laugh in the face of danger.
Stupid always finds a way.
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Joined: Nov 2010
Posts: 521
Campfire Regular
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Campfire Regular
Joined: Nov 2010
Posts: 521 |
Mine just got deposited today and was $600 less than expected. Funny, that is the same amount as the January "stimulus check."
I looked on the IRS website and it said that my return was still being processed. Gotta luv the government
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Joined: Jan 2006
Posts: 69,403 Likes: 5
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Jan 2006
Posts: 69,403 Likes: 5 |
Mine just got deposited today and was $600 less than expected. Funny, that is the same amount as the January "stimulus check."
I looked on the IRS website and it said that my return was still being processed. Gotta luv the government
The last $600 stimulus was based on your 2019 return. I'm guessing that you made enough in '20 to not be eligible so they took it back.
“In a time of deceit telling the truth is a revolutionary act.”
― George Orwell
It's not over when you lose. It's over when you quit.
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Joined: Nov 2010
Posts: 521
Campfire Regular
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Campfire Regular
Joined: Nov 2010
Posts: 521 |
The last $600 stimulus was based on your 2019 return. I'm guessing that you made enough in '20 to not be eligible so they took it back. I wish that I made that much, but that's a good thought, we'll see.
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Joined: Jan 2009
Posts: 5,190
Campfire Tracker
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Campfire Tracker
Joined: Jan 2009
Posts: 5,190 |
Did mine on 2/12 thru FreeTaxUSA. Federal is free, State cost $13. We’ll see how long it takes.
Governor Halfwit screwed me out of my Homestead Property tax credit. For 2019 I got $1450 of it back, 2020 I only got $450. Thanks gretchen.
Got the Federal refund today on the 23rd - in just 11 days.
I wonder how long Governor Half-wit will drag her ass before I get my State refund?State refund hit my account this morning the 26th - two weeks after filing, I’m impressed.
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