If you owe the state around that much every year have them take an extra $2.70 a week out and you’ll be damn near neutral at the end of the year.
Don’t complain about not getting much back, it means YOU(yes you control how much is taken out of your check) accurately predicted how much you’d owe, its a very poor financial move to make a large interest free loan to the government. You could, if you were dumb, give your whole paycheck to the government and get a bulk of it back, however if you owe a over a certain percentage of what you paid they charge you interest. If you make an error that needs correction in your favor the following year the government does give you interest, last year my accountant made a minor mistake, its forgivable because my taxes are a nightmare, anyway I got the 05 return last year and they paid me a touch over 12% interest on the money as well, best part is the interest earned was capital gains free, go figure.
I’m a fucking moron, apparently my losses didn’t add up to near as much as I anticipated and I made way more then I thought I did, I owe a lot, enough to make me upset with the government, I owe around, gulp, $120k should have an exact figure by the end of the week - ruined my freaking day :angry2
edit - and people on this board wonders why I want to leave this country.
Yes, a broad statement. My parents barely make it with $70K in a $100K house between a car each, taxes, their house, retirement, etc… They don’t even go on vacation.
I bought a 170K house, had the evo (was still making payments at the time) and a beater and I was making under 40k at the time. When I look back at it now, I have no idea how I did it, but I was not just scraping by either. Weird
editted: added bold words… didn’t really make sense before. I think way faster than I type
:lol I don’t think you understand how complicated my taxes are, it would probably crash turbo tax. That aside I ran into a HUGE problem with my payroll service last year and with out my accountant I would probably be in jail right now, or at least had all my assets froze, which would have been worse then going to jail. If you feel comfortable using a tax program, fantastic, but I’m not going to risk it, things are little more complicated then a W-2 or two and maybe a 1099.
When Bill Gates was at his peak he crashed the computers at the IRS, now there is a whole division there dedicated to the super wealthy with software designed by Gates.
im not complaining about the taxes, i only made 12k last year as a college student, got 1000 dollars taken out for federal and got almost half back, i really dont get taxed much, since i fall into a low tax bracket, i could get more back if my parents didnt claim me. oh well