Tax Returns FTW

I ALWAYS pay state

i usually get back a whopping $50 or so from state. just on 1 of my w-2’s it says they withheld almost $600 state, i’ll get like $60. :wtf

Gotta love the car crowd.

im only getting around 450, somehow i always owe the state 140 dollars each year, i dont get it

You guys just finding out NY is a highly taxed state?

ya for some reason, i owe state 134, i dont get it either. i pay state every year, never get back i HATE ny tax system

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.

Fair tax FTMFW

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.

ya sry but F people that u go to do your taxes, use turbo tax

And whats with this tax incentive for like 600 a person

^^^ yeah if you make under $70K i believe you get $600.00. supposedly its suppose to be to your door by no later than june 1st. we will see indeed.

That bill is still with Congress.

I personally thinks its lame. Giving $600 checks to people that don’t even pay taxes is unreal. What a joke

Someone needs to tell Congress that the average Joe needs more than $70K a year to survive these days.

very broad statement. You can do pretty well in the capitol region area making half that.

where you are, 70k is like the min wage

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. :frowning:

$70K in my area is poverty, IMHO.

wtf i live on 23k a year :rofl

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

It depends on your situation. $23K a year income won’t even pay part of my rent.

I have no idea either. :slight_smile:

: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

i completely agree with that!!!