Today-First Day Tax Season Officially Starts

[SirMarco]

I got mine done Saturday. I was happy with the return. I claim 0 so I usually get back a decent amount. This was more then I thought. I also made $14K more then I did the previous year...

 

[1quick]

I just got my w2 on Saturday first year for being married it should be good since she worked for cash most of last year, were going to get hosed next year tho she just started her new job today

 

[P40E]

Ive got a $7000 toolbox to write off for work and first full year or house ownership

But I am still waiting on a W2 from a previous employer

I wrote $5,200 off on my taxes and it did noticeably raised my return . If you are a mechanic you can write off more things that are related to work also .

For the house , if you have pmi insurance , you can add that monthly bill too .

 

[CrawlinTBSS]

is anyones taxes drastically lower then last year?

I made a little more this year then last year but last year i got like 1300, and just checked mine on TT and its saying 875. 425$ difference?

Coworker of mine just did hers and she made more then i did by a few Gs and she said she got about 1300 this year, just like last year.

Should i not trust turbotax? Not really looking to pay my accountant 125 again to do something as simple as what turbotax did for me, that only costs $20. ( import my whole w2 and last years info) So it was done in like 15mins.

Still havent submitted it yet. Dont have anything to write off. But is turbo hiding shit from me and not giving me the max tho, they claim its the max?

 

[OffshoreDrilling]

if you're doing a simple form, only have a W2 and aren't itemizing deductions I really don't think there is any way money could be hiding

 

[Frank Dukes]

agreed. and btw.. multitude of websites will do all that for free.99

ive used FreeTaxUSA® FREE Tax Filing, Online Return Preparation, E-file Income Taxes for a few years now and every year it has all my shit saved just put in this years numbers and bam.

 

[Stink Star]

I usually do my own taxes but this is my first year owning a house and buying enough tools to make it worth going itemized..... I'm not sure I should do them myself.

 

[importcrew]

I have my aunt do them all the time. Same for this year. But I also went on turbotax and wanted to see what I'd get if I did them myself. My aunt got me a little over $500 more. Makes a difference. I always do itemized. Especially since I work construction and drive location to location, all my gas and miles are deductible plus tools and what not.

If you want bigger returns then claim 0 on your w-4 but then that means the government holds your money interest free. I see it as extra spending money at the end of the year (forced savings account).

 

[syP]

is anyones taxes drastically lower then last year?

I made a little more this year then last year but last year i got like 1300, and just checked mine on TT and its saying 875. 425$ difference?

Coworker of mine just did hers and she made more then i did by a few Gs and she said she got about 1300 this year, just like last year.

Should i not trust turbotax? Not really looking to pay my accountant 125 again to do something as simple as what turbotax did for me, that only costs $20. ( import my whole w2 and last years info) So it was done in like 15mins.

Still havent submitted it yet. Dont have anything to write off. But is turbo hiding shit from me and not giving me the max tho, they claim its the max?

guilty.


I made almost 3x as much as the prior year... I went from a $1700 tax return... I owe $475 this year.

 

[Dasfinc]

guilty.


I made almost 3x as much as the prior year... I went from a $1700 tax return... I owe $475 this year.

The 'middle class' bracket is a 10% jump right? Goes from 15% to 25% if you cleared $36,250.

Gross Pay Calculator

I know you are heavy commission (which can fluctuate all over), so your work may not have expected you to clear as much as you did. Or they don't care and just pull your base pay tax rate.

 

[syP]

not sure... my 3 other co-workers (before they owned their houses) said they used to OWE all the time.


Gotta pay to play right? :/


What about you Dan, we are close in salaries, are you getting anything back?


edit: cancel... you are married... big difference

 

[Dasfinc]

not sure... my 3 other co-workers (before they owned their houses) said they used to OWE all the time.


Gotta pay to play right? :/


What about you Dan, we are close in salaries, are you getting anything back?

Filed married this year, and Wifey took classes, so we were eligible to write off quite a bit, and were eligible for a tax break due to schooling as well. Sizable refund, vastly more than my $900 from last year.

 

[syP]

when I got my schooling back (part of it) I had a $3900 tax return

 

[Angus]

We need a flat rate tax. Maybe 10% or so.

You make $1, you pay $0.10. You make $1,000,000, you pay $100,000.

This terrible tax code and ideology of incentivizing certain actions is utter BS.

 

[importcrew]

I admit this year is quite a bit less than previous years. Last year I got around $9k or so. The year before that $12k. This year around $4k. But a couple years ago I also paid over $25k in FEDERAL taxes. Last year I made a little less than the previous year, and this year I made SIGNIFICANTLY less than the previous years.

But all in all, I got back just about what I expected. So I'm content.

 

[CrawlinTBSS]

The 'middle class' bracket is a 10% jump right? Goes from 15% to 25% if you cleared $36,250.

Gross Pay Calculator

I know you are heavy commission (which can fluctuate all over), so your work may not have expected you to clear as much as you did. Or they don't care and just pull your base pay tax rate.

ah that would be my answer then. im above that, so maybe i moved brackets. but still odd that my coworker with same w9 filing from start of employment. She made a little more and still got her usual like last year.

 

[Dasfinc]

ah that would be my answer then. im above that, so maybe i moved brackets. but still odd that my coworker with same w9 filing from start of employment. She made a little more and still got her usual like last year.

Maybe she didn't claim herself to get a bigger return intentionally?

Or maybe your work is just crappy at taxing its employees correctly.

 

[CrawlinTBSS]

we both claimed a 1 on the w9. she went to H&R to have it done. no write offs

 

[1quick]

Got mine done today, getting married and having my second kid got me a nice return

 

[importcrew]

Just checked and got my refund today. Just need the state refund and I'll be set.

 

[Ti28]

Mine were done 1/31 and this AM my Fed was deposited. Nine days, not bad!

 

[OffshoreDrilling]

still waiting on a 1099, I want my monies!

 

[Ti28]

I'm betting the state take 30 days.

 

[importcrew]

I was told around the 17th of the month. So I'll figure around that time for state.

 

[Shawn1112]

Did my taxes on the 29th of Jan, was very surprised to see it already in my checking account. Was deposited on the 6th of Feb