My Tax Return is way less?

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Re: My Tax Return is way less? [Re: Jakethesnake] #3036913 02/09/20 04:28 PM 02/09/20 04:28 PM
Joined: May 2012 Posts: 12,481 Pike County, AL Fuzzy_Bunny Booner
Fuzzy_Bunny Booner Joined: May 2012 Posts: 12,481 Pike County, AL	Originally Posted by hoggin Because the government “borrowed” less of your money for free all year or your getting less of someone else money they you didn’t earn. Plain and simple. Really there is no other reason It blows my mind how many people don’t understand that. Originally Posted by Jakethesnake It doesn't add up. 2k less income shouldnt mean 1500 less in return is my point. I knew id have to spell it out. Somebody needs it spelled out.

Re: My Tax Return is way less? [Re: Jakethesnake] #3036917 02/09/20 04:35 PM 02/09/20 04:35 PM
Joined: Dec 2017 Posts: 1,149 Wetumpka, Al B bdw32 6 point
bdw32 6 point B Joined: Dec 2017 Posts: 1,149 Wetumpka, Al	$700 less than last year. Paid in more but I also made more. Not complaining tho since I’ve owed money every year before Trump.

Re: My Tax Return is way less? [Re: Wiley Coyote] #3036919 02/09/20 04:36 PM 02/09/20 04:36 PM
Joined: Sep 2001 Posts: 940 AL J jhardy 6 point
jhardy 6 point J Joined: Sep 2001 Posts: 940 AL	Originally Posted by Wiley Coyote Originally Posted by imadeerhntr Originally Posted by Wiley Coyote Trump ended several tax deductions. BUT he also cut taxes. I don't get to claim mileage on my truck any more but overall I pay less in than before. If you want to get more back, just loan the guvment more and then file to get it back. Wiley is the mileage deduction gone away this year? Yes. Fed vs state is two different animals.

Re: My Tax Return is way less? [Re: Jakethesnake] #3036921 02/09/20 04:37 PM 02/09/20 04:37 PM
Joined: Nov 2011 Posts: 4,525 limestone al scrape 10 point
scrape 10 point Joined: Nov 2011 Posts: 4,525 limestone al	I got the turbo tax program, entered my daughters college expenses and my tax acually went up. makes no sense why a college credit would increase state taxes by alot more than the $50 it took off federal.

Re: My Tax Return is way less? [Re: Fuzzy_Bunny] #3036933 02/09/20 04:53 PM 02/09/20 04:53 PM
Joined: Apr 2017 Posts: 15,360 Ourtown, AL BCLC Old Mossy Horns
BCLC Old Mossy Horns Joined: Apr 2017 Posts: 15,360 Ourtown, AL	Originally Posted by Fuzzy_Bunny Originally Posted by hoggin Because the government “borrowed” less of your money for free all year or your getting less of someone else money they you didn’t earn. Plain and simple. Really there is no other reason It blows my mind how many people don’t understand that. Originally Posted by Jakethesnake It doesn't add up. 2k less income shouldnt mean 1500 less in return is my point. I knew id have to spell it out. Somebody needs it spelled out. We’re not dead. We just smell that way. Dayum. - AC870 Yessir! I’m always gonna shoot what makes me happy and I want everyone else to do the same! If you shoot one be proud of it and don’t worry what anyone else thinks. - SJ22

Re: My Tax Return is way less? [Re: Jakethesnake] #3036939 02/09/20 04:59 PM 02/09/20 04:59 PM
Joined: Jan 2002 Posts: 7,159 In The Stack G General 14 point
General 14 point G Joined: Jan 2002 Posts: 7,159 In The Stack	Never understood folks who paid in more just to get a refund every year. "I'd rather go down the river with seven studs than with a hundred ****heads" - Colonel Charlie Beckwith Founder Delta Force

Re: My Tax Return is way less? [Re: General] #3036943 02/09/20 05:05 PM 02/09/20 05:05 PM
Joined: Nov 2008 Posts: 10,308 Alabama W whack-n-stack Booner
whack-n-stack Booner W Joined: Nov 2008 Posts: 10,308 Alabama	Originally Posted by General Never understood folks who paid in more just to get a refund every year. They aren’t disciplined enough to put it in a savings account.

Re: My Tax Return is way less? [Re: hunterbuck] #3036975 02/09/20 05:41 PM 02/09/20 05:41 PM
Joined: Dec 2009 Posts: 5,517 Land of the free because of th... mike35549 12 point
mike35549 12 point Joined: Dec 2009 Posts: 5,517 Land of the free because of th...	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. Unless you are a low income earner with kids. Then you pay in 1k or so and get back 8k-9k. If you're gonna be stupid you better be tough.

Re: My Tax Return is way less? [Re: Jakethesnake] #3037006 02/09/20 06:02 PM 02/09/20 06:02 PM
Joined: Jun 2007 Posts: 5,738 McCalla Big AL 76 12 point
Big AL 76 12 point Joined: Jun 2007 Posts: 5,738 McCalla	I pay every year.. I’ll probably owe the state $1500 and if I had to guess $1000 or more for the feds🤬

Re: My Tax Return is way less? [Re: Jakethesnake] #3037015 02/09/20 06:13 PM 02/09/20 06:13 PM
Joined: Nov 2005 Posts: 8,381 Chelsea, AL lefthorn 14 point
lefthorn 14 point Joined: Nov 2005 Posts: 8,381 Chelsea, AL	This is the first year I have to pay

Re: My Tax Return is way less? [Re: Jakethesnake] #3037022 02/09/20 06:28 PM 02/09/20 06:28 PM
Joined: Dec 2015 Posts: 22,169 blount county alabama jwalker77 Pumpkin
jwalker77 Pumpkin Joined: Dec 2015 Posts: 22,169 blount county alabama	One sure way to get an american mad at you is to let them find out youre getting more out of the govt than they are, boy that makes people mad. Everybody gets away with every penny they can and its all well and good till they find out that fella over there got by with a little more than they did. Not pointed at you Jake, just a general observance about the american public.

Re: My Tax Return is way less? [Re: whack-n-stack] #3037029 02/09/20 06:31 PM 02/09/20 06:31 PM
Joined: Aug 2001 Posts: 63,835 Luverne, AL Skinny GUVNER
Skinny GUVNER Joined: Aug 2001 Posts: 63,835 Luverne, AL	Originally Posted by whack-n-stack Originally Posted by General Never understood folks who paid in more just to get a refund every year. They aren’t disciplined enough to put it in a savings account. Or a simple brokerage account. Never Trust Government "You can be broke but you cant be poor." Ruthie-May Webster

Re: My Tax Return is way less? [Re: imadeerhntr] #3037054 02/09/20 07:02 PM 02/09/20 07:02 PM
Joined: Jan 2001 Posts: 10,725 Birmingham W wew3006 Booner
wew3006 Booner W Joined: Jan 2001 Posts: 10,725 Birmingham	Originally Posted by imadeerhntr Originally Posted by Wiley Coyote Trump ended several tax deductions. BUT he also cut taxes. I don't get to claim mileage on my truck any more but overall I pay less in than before. If you want to get more back, just loan the guvment more and then file to get it back. Wiley is the mileage deduction gone away this year? IR-2019-215, December 31, 2019 WASHINGTON — The Internal Revenue Service today issued the 2020 optional standard mileage rates (PDF) used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile driven for business use, down one half of a cent from the rate for 2019, 17 cents per mile driven for medical or moving purposes, down three cents from the rate for 2019, and 14 cents per mile driven in service of charitable organizations. The business mileage rate decreased one half of a cent for business travel driven and three cents for medical and certain moving expense from the rates for 2019.

Re: My Tax Return is way less? [Re: wew3006] #3037059 02/09/20 07:09 PM 02/09/20 07:09 PM
Joined: Feb 2002 Posts: 44,211 North Alabama W Wiley Coyote Freak of Nature
Wiley Coyote Freak of Nature W Joined: Feb 2002 Posts: 44,211 North Alabama	Originally Posted by wew3006 Originally Posted by imadeerhntr Originally Posted by Wiley Coyote Trump ended several tax deductions. BUT he also cut taxes. I don't get to claim mileage on my truck any more but overall I pay less in than before. If you want to get more back, just loan the guvment more and then file to get it back. Wiley is the mileage deduction gone away this year? IR-2019-215, December 31, 2019 WASHINGTON — The Internal Revenue Service today issued the 2020 optional standard mileage rates (PDF) used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile driven for business use, down one half of a cent from the rate for 2019, 17 cents per mile driven for medical or moving purposes, down three cents from the rate for 2019, and 14 cents per mile driven in service of charitable organizations. The business mileage rate decreased one half of a cent for business travel driven and three cents for medical and certain moving expense from the rates for 2019. That's GOOD news! Looks like they snuck it back in on the last day of the year. My tax man told me last year that it was being ended and it appears that it WAS as of December 30 but got rescinded. Awesome!!! 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] #3037130 02/09/20 08:22 PM 02/09/20 08:22 PM
Joined: Feb 2012 Posts: 1,419 NE AL duxlayer 8 point
duxlayer 8 point Joined: Feb 2012 Posts: 1,419 NE AL	First year Iv ever got a refund . I usually have to pay on the farm .

Re: My Tax Return is way less? [Re: Jakethesnake] #3037138 02/09/20 08:32 PM 02/09/20 08:32 PM
Joined: Dec 2013 Posts: 50 Tuscaloosa County kimbrell224 spike
kimbrell224 spike Joined: Dec 2013 Posts: 50 Tuscaloosa County	If you get a refund, you’re getting screwed. Breaking even at the end of the year means you got more than you’ll ever get from a refund.

Re: My Tax Return is way less? [Re: kimbrell224] #3037161 02/09/20 08:50 PM 02/09/20 08:50 PM
Joined: Jan 2001 Posts: 10,725 Birmingham W wew3006 Booner
wew3006 Booner W Joined: Jan 2001 Posts: 10,725 Birmingham	Originally Posted by kimbrell224 If you get a refund, you’re getting screwed. Breaking even at the end of the year means you got more than you’ll ever get from a refund. Huh?

Re: My Tax Return is way less? [Re: wew3006] #3037195 02/09/20 09:15 PM 02/09/20 09:15 PM
Joined: Nov 2008 Posts: 10,308 Alabama W whack-n-stack Booner
whack-n-stack Booner W Joined: Nov 2008 Posts: 10,308 Alabama	Originally Posted by wew3006 Originally Posted by kimbrell224 If you get a refund, you’re getting screwed. Breaking even at the end of the year means you got more than you’ll ever get from a refund. Huh? The govt gets a loan from you without paying interest, and you don’t get to use your money until they decide how much and when to give back to you

Re: My Tax Return is way less? [Re: Jakethesnake] #3037210 02/09/20 09:24 PM 02/09/20 09:24 PM
Joined: Nov 2011 Posts: 21,783 USA R Remington270 Freak of Nature
Remington270 Freak of Nature R Joined: Nov 2011 Posts: 21,783 USA	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.

Re: My Tax Return is way less? [Re: Jakethesnake] #3037234 02/09/20 09:43 PM 02/09/20 09:43 PM
Joined: Jan 2005 Posts: 33,437 Your mom’s house doekiller Freak of Nature
doekiller Freak of Nature Joined: Jan 2005 Posts: 33,437 Your mom’s house	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.

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