Awww yeah tax season

[radioguy6]

My employer taxes with the 2nd method, it sucks, because I have to wait for tax season to recoup the overtax, but at the same time I shouldn't complain because it is a bonus afterall.

 

[ChrisRac]

Fuck taxes. Wife does them. Entered all her stuff and had almost a $7K return. Then my W-2 came in, she entered it and now its down to $1K. Sucks.

 

[Primalzer]

Got my tax return already pending in my account

 

[RICH17]

Got it. Spent it.

 

[radioguy6]

good to hear they are paying out quickly, i'll be filing this week

 

[1quick]

I filed mine last Thursday, pending in my account already

 

[boostedguy05]

I was told not to even look for an update till after the 15th. Plans are being set to spend portions of it though.

 

[Dasfinc]

I filed mine last Thursday, pending in my account already

Mine was accepted on Thursday; I'd love to see it this weekend

 

[importcrew]

Filed mine the first day of filing (23rd), and still nothing. Not sure why some people got it while others are still waiting. I have to wait till the 15th for whatever reason. According to the irs site, something about earned income credit, or child tax credit getting processed the 15th.

I'm also still waiting for IL to send me mine. I did my brother in law's taxes using turbo tax and he already got his last Thursday.

 

[boostedguy05]

They want to make sure there is no double or triple dipping of the child credit/ eic.

 

[importcrew]

My brother claims several kids (he has 4) and claimed the additional child tax credit, and yet he received tax refund already. Would be nice to wake up and see a nice chunk of money.

 

[boostedguy05]

Not possible, anyone getting that credit wouldn't even be looking at till the 15th. He must have just had a good return. Unless he went to a place that gives him money and then they get your return.

 

[importcrew]

Not possible, anyone getting that credit wouldn't even be looking at till the 15th. He must have just had a good return. Unless he went to a place that gives him money and then they get your return.

He went to the same guy I went to. He actually referred me to him as he works with him in construction and the guy has his own business doing taxes and other stuff. I'm assuming my brother probably just didn't end up using the additional child tax credit. Has to be the only explanation.

 

[Rent Free]

File on militaryonesource.com got mine back a week ago 5700.

file early as you can every year to try avoid most delays.

 

[Eagle]

25% is the flat tax rate for bonuses. Your employer did it right, some employers choose the aggregate method, that taxes closer to 40%. You get the difference back when you file, but its an interest free loan to the government.



Bonus Time: How Bonuses Are Taxed and Treated by the IRS | The TurboTax Blog

Your bonus might be taxed at 25%, but if it puts you into a bracket that taxes higher than 25%, you'll owe the difference.

 

[JeffsLightning]

Took exactly 1 week from turbo taxing and into my bank account.[emoji106]

 

[torquelover]

Your bonus might be taxed at 25%, but if it puts you into a bracket that taxes higher than 25%, you'll owe the difference.

I usually switch to exempt before a heavy bonus. Works out great usually, at tax time we're usually just a few hundred up or down.

I like my money up front. No need to let the government make interest on it.

 

[Eagle]

I usually switch to exempt before a heavy bonus. Works out great usually, at tax time we're usually just a few hundred up or down.

I like my money up front. No need to let the government make interest on it.

Tax time would ruin me if I did that!

 

[1quick]

My brother claims several kids (he has 4) and claimed the additional child tax credit, and yet he received tax refund already. Would be nice to wake up and see a nice chunk of money.

There is a cut off on that child credit of you make more than a specified amount you can't get it, he May make to much to collect the credit and they paid him already

 

[blck10th]

Well fuck I don't qualify for that and I actually get to claim my kid this year. I forgot I did till my ex told me she'd sign the papers whenever I needed

 

[crooks]

Went to a new accountant Tuesday. She did much better then my old one did last year. Getting my last three years amended. Cant wait for my refund to get here.

 

[LikeABauce302]

I'll be doing my taxes this weekend. I usually get about $1500 back. I'm trying not to put it towards a Man O War 9.5 deck block for my fox body lol.

 

[DEEZUZ]

$2300 back, and I made $10k less in 16 than 15... Dafuq