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Re: My Tax Return is way less? [Re: Jakethesnake] #3037250
02/09/20 09:56 PM
02/09/20 09:56 PM
Joined: Feb 2011
Posts: 3,740
RBC, AL
D
Drake322 Online content
10 point
Drake322  Online Content
10 point
D
Joined: Feb 2011
Posts: 3,740
RBC, AL
The mileage piece is great new for some. It was not there last year. Hit me pretty hard on side business.

Re: My Tax Return is way less? [Re: Drake322] #3037254
02/09/20 09:57 PM
02/09/20 09:57 PM
Joined: Feb 2002
Posts: 44,211
North Alabama
W
Wiley Coyote Offline
Freak of Nature
Wiley Coyote  Offline
Freak of Nature
W
Joined: Feb 2002
Posts: 44,211
North Alabama
Originally Posted by Drake322
The mileage piece is great new for some. It was not there last year. Hit me pretty hard on side business.


Me too. It and another hiccup cost me $1K.


I firmly believe that a double gallows should be constructed on the East Lawn of The White House. Politicians who willfully and shamelessly violate their oath to uphold and defend the Constitution of the United States of America should be swiftly tried and, upon conviction, publicly hanged at sunup the day after conviction. If multiple convicts are to be hanged they can choose with whom to share the gallows or names shall be drawn from the hangman's hat to be hanged 2 at a time.




NRA Life Member
Re: My Tax Return is way less? [Re: Jakethesnake] #3037265
02/09/20 10:04 PM
02/09/20 10:04 PM
Joined: Aug 2007
Posts: 1,294
Brierfield, AL
C
Chancetribe Offline
8 point
Chancetribe  Offline
8 point
C
Joined: Aug 2007
Posts: 1,294
Brierfield, AL
Originally Posted by Jakethesnake
So like every year i do my taxes myself on turbotax online. Well no changes this year. 2k difference in my income. I made 2k less due to health down time. So i did my taxes and im getting about $1500 less this year! Im pissed. .Did anyone else know why im getting screwed? Im pretty dissappointed. I support 1 kid and my full time student wife. I get screwed while the folks with 5 kids and a house wife make a fortune. I wonder why im getting way less this year?

I have checked it over and over. Im gonna try H and R block online before i send it. It gets old working for everything i have and see illegal children get free healthcare while we get denied Allkids. We are broke cause my wife is a student while her friends with 5 kids and no education or job gets 10k? Thats whats wrong with this country as well. The average joe just trying to have a simple life is getting screwed the most.



My wife does not have a job outside of the house, as she is home taking care of our 6 kids, well 5 now that I have one in college. I am still stroking a check for about $3800.... Getting anything back sounds pretty good to me.

Jeremy

Last edited by Chancetribe; 02/09/20 10:04 PM.
Re: My Tax Return is way less? [Re: Jakethesnake] #3037304
02/09/20 10:28 PM
02/09/20 10:28 PM
Joined: Jan 2011
Posts: 38,489
N. Bama
257wbymag Offline
Boo Boo Head
257wbymag  Offline
Boo Boo Head
Joined: Jan 2011
Posts: 38,489
N. Bama
The new American way. Work less. Expect more


Quietly killing turkeys where youre not!!!
My tank full of give a fraks been runnin on empty
I'm the paterfamilias
Re: My Tax Return is way less? [Re: Remington270] #3037309
02/09/20 10:33 PM
02/09/20 10:33 PM
Joined: Jan 2001
Posts: 10,607
Birmingham
W
wew3006 Offline
Booner
wew3006  Offline
Booner
W
Joined: Jan 2001
Posts: 10,607
Birmingham
Originally Posted by Remington270
I agree with y'all that getting a big refund isn't good, but you wouldn't be getting much interest on that $1,000 during the year. 1% equates to $10, and after taxes more like $7. Stroking a check at the end of the year isn't fun either.

Would not even be that much; you don't have the $1000 at the start of the year. Really not that big a deal

Re: My Tax Return is way less? [Re: Jakethesnake] #3037345
02/09/20 11:16 PM
02/09/20 11:16 PM
Joined: Jan 2013
Posts: 19,619
Pelham
Ben2 Offline
Old Mossy Horns
Ben2  Offline
Old Mossy Horns
Joined: Jan 2013
Posts: 19,619
Pelham
The goal should be to get 0 refund every year that means you kept your money and did not let the government borrow it interest free. Congrats you did better than last yr.

Re: My Tax Return is way less? [Re: Jakethesnake] #3037354
02/09/20 11:43 PM
02/09/20 11:43 PM
Joined: Dec 2004
Posts: 25,070
Guntersville, AL
IDOT Offline
I am Cornholio
IDOT  Offline
I am Cornholio
Joined: Dec 2004
Posts: 25,070
Guntersville, AL
After paying the state, I’ll have a grand total of a $12 refund. I can live with that


Originally Posted by Patricia Heaton
If you’re a common sense person, you probably don’t feel you have a home in this world right now. If you’re a Christian, you know you were never meant to.


Re: My Tax Return is way less? [Re: Jakethesnake] #3037463
02/10/20 08:19 AM
02/10/20 08:19 AM
Joined: Oct 2001
Posts: 25,325
Tampa
B
Beer Belly Offline
Freak of Nature
Beer Belly  Offline
Freak of Nature
B
Joined: Oct 2001
Posts: 25,325
Tampa

Fill this out with these 6 numbers and it may help you:

--------

------------------------------------2018------------------2019
taxable income................________............_________
taxes owed......................________............_________
taxes paid........................________............_________

You will find that:
The tax that you owed was about the same. 2018 will probably be ~$400 more owed than 2019 due to your salary.
Then you will see than in 2019 the "taxes paid" was ~$1800 less than you paid in 2018.

In other words you did not pay enough in 2019

OR you stopped paying into you 401k and in 2019 you had higher taxable income.

Now it is 2020: Be sure that they are taking out enough tax in your pay check, or set aside ~$2000 to pay taxes next year.


--------------
For what it is worth: I still agree with me!
A big man will stand up for himself; a great man will stand up for others.
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Re: My Tax Return is way less? [Re: hunterbuck] #3037568
02/10/20 10:05 AM
02/10/20 10:05 AM
Joined: Dec 2012
Posts: 1,160
Opelika
N
noeyeddeer Offline
6 point
noeyeddeer  Offline
6 point
N
Joined: Dec 2012
Posts: 1,160
Opelika
Originally Posted by hunterbuck
Originally Posted by AU7MM08
In my perfect utopia I owe the Feds $1.00 and I owe the state $1.00.


True. If you're getting big refunds, you're doing it wrong.


I owed Alabama exactly $1.00 this year and was thrilled. I did get a large return from Feds because of having a child near the end of the year. Already changed my withholding to try and lessen the refund. I'd prefer to see it in my month to month paychecks.

Re: My Tax Return is way less? [Re: Jakethesnake] #3037576
02/10/20 10:10 AM
02/10/20 10:10 AM
Joined: Jul 2011
Posts: 39,377
Marshall County
FurFlyin Offline
Freak of Nature
FurFlyin  Offline
Freak of Nature
Joined: Jul 2011
Posts: 39,377
Marshall County
I can tell you how to remedy EVER getting a tax refund. Buy a business and make a profit. I should get a thank you card from everyone on aldeer who receives a refund.


If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land. 2 Chronicles 7:14
Re: My Tax Return is way less? [Re: FurFlyin] #3037589
02/10/20 10:22 AM
02/10/20 10:22 AM
Joined: Jun 2013
Posts: 52,010
Gee's Bend/At The Hog Pen
James Offline
Freak of Nature
James  Offline
Freak of Nature
Joined: Jun 2013
Posts: 52,010
Gee's Bend/At The Hog Pen
Originally Posted by FurFlyin
I can tell you how to remedy EVER getting a tax refund. Buy a business and make a profit. I should get a thank you card from everyone on aldeer who receives a refund.


Lol hear that. My Stepdad has been a business owner for nearly 43 years now 😯


How many people am i willing to sacrifice for freedom?
Everyone. All of them...

Do not regret growing older, it's a privilege denied to many!

Re: My Tax Return is way less? [Re: Jakethesnake] #3037632
02/10/20 10:48 AM
02/10/20 10:48 AM
Joined: Nov 2013
Posts: 10,253
coffee county
goodman_hunter Online content
Booner
goodman_hunter  Online Content
Booner
Joined: Nov 2013
Posts: 10,253
coffee county
i know one thing, the hood is jumping right now. Used cars, tattoo's, sneakers, rims and speaker shops are super busy. I'm sure they appreciate all our hard work through the year though.


For without victory, there is no survival
Re: My Tax Return is way less? [Re: goodman_hunter] #3037665
02/10/20 11:30 AM
02/10/20 11:30 AM
Joined: Jan 2014
Posts: 4,262
North AL
just_an_illusion Offline
10 point
just_an_illusion  Offline
10 point
Joined: Jan 2014
Posts: 4,262
North AL
Originally Posted by goodman_hunter
i know one thing, the hood is jumping right now. Used cars, tattoo's, sneakers, rims and speaker shops are super busy. I'm sure they appreciate all our hard work through the year though.

I think this was more of Jake's gripe than the actual money. Friends baby momma sitting at home cranking out kids and gets a fat "return" check on taxes that weren't even paid in. Chaps my ass too that deadbeats, stay at home, whoever don't work and pay taxes and get a fat check for what? You didnt make any money to pay taxes on why in the hell do you get a return. Oh yea, just like entitlemants.

Re: My Tax Return is way less? [Re: FurFlyin] #3037705
02/10/20 12:08 PM
02/10/20 12:08 PM
Joined: Jan 2005
Posts: 33,437
Your mom’s house
doekiller Offline
Freak of Nature
doekiller  Offline
Freak of Nature
Joined: Jan 2005
Posts: 33,437
Your mom’s house
Originally Posted by FurFlyin
I can tell you how to remedy EVER getting a tax refund. Buy a business and make a profit. I should get a thank you card from everyone on aldeer who receives a refund.


No kidding.

Re: My Tax Return is way less? [Re: doekiller] #3037722
02/10/20 12:19 PM
02/10/20 12:19 PM
Joined: Oct 2013
Posts: 3,229
Semmes, AL
HippieKiller Offline
10 point
HippieKiller  Offline
10 point
Joined: Oct 2013
Posts: 3,229
Semmes, AL
Originally Posted by doekiller
Stop bitching if you’re getting money back. Come write the check I have to give them every year and then you will be glad you are a W2 employee.


PREACH.

One thing I never considered much when becoming a business owner was taxes. I expected that my taxes would go up significantly, but wasn't expecting the joys of the quarterly installments just to keep the final bill somewhat affordable.

#TaxationIsTheft


"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." - Thomas Jefferson
Re: My Tax Return is way less? [Re: FurFlyin] #3037745
02/10/20 12:45 PM
02/10/20 12:45 PM
Joined: Jan 2009
Posts: 4,555
McCalla
H
hoggin Offline
10 point
hoggin  Offline
10 point
H
Joined: Jan 2009
Posts: 4,555
McCalla
Originally Posted by FurFlyin
I can tell you how to remedy EVER getting a tax refund. Buy a business and make a profit. I should get a thank you card from everyone on aldeer who receives a refund.


You got that shucks right!!!

Re: My Tax Return is way less? [Re: Jakethesnake] #3037772
02/10/20 01:16 PM
02/10/20 01:16 PM
Joined: Feb 2017
Posts: 1,539
FL-AL
Scout308 Offline
8 point
Scout308  Offline
8 point
Joined: Feb 2017
Posts: 1,539
FL-AL
My wife's sister in law gets a big check every year. She is married and has two kids, when she files she files as single with two dependents. My BIL hasn't filed in years.


"America First! Nothing Else Matters"
Re: My Tax Return is way less? [Re: Scout308] #3037784
02/10/20 01:30 PM
02/10/20 01:30 PM
Joined: Oct 2012
Posts: 10,502
Central, Al
Bustinbeards Offline
Booner
Bustinbeards  Offline
Booner
Joined: Oct 2012
Posts: 10,502
Central, Al
Originally Posted by Scout308
My wife's sister in law gets a big check every year. She is married and has two kids, when she files she files as single with two dependents. My BIL hasn't filed in years.

If it catches up to them one day they will get what they deserve, hopefully with interest


Originally Posted By: Wiley Coyote
Well, the way I see it is there's just too many assholes
On a good day there's a bunch of assholes in here. On a bad day there's too many assholes in here.
Re: My Tax Return is way less? [Re: Jakethesnake] #3037785
02/10/20 01:30 PM
02/10/20 01:30 PM
Joined: Dec 2004
Posts: 18,759
.
F
ford150man Offline
Old Mossy Horns
ford150man  Offline
Old Mossy Horns
F
Joined: Dec 2004
Posts: 18,759
.
I get a pretty good refund every year even though I claim the max in dependents, trying to get as much of my check as I can. It’s because I’m commission based and get a small salary check 3weeks of the month then get commission on the 4th week. The government views the difference in pay as a bonus which gets taxed higher, but then gets straightened out at the end of the year. I’ve asked four different accountants if there is anything I can do to change this and they have all said no. If anyone has any suggestions or experience in this, I’m all ears.


If voting made any difference, they wouldn’t let us do it.-Mark Twain
Re: My Tax Return is way less? [Re: Jakethesnake] #3038040
02/10/20 06:02 PM
02/10/20 06:02 PM
Joined: Feb 2012
Posts: 1,407
NE AL
duxlayer Offline
8 point
duxlayer  Offline
8 point
Joined: Feb 2012
Posts: 1,407
NE AL
I hope I have to pay a million dollars next year bc that means I’m making bank 🏦

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