I done did muh taxes

"Dr. Zoidberg - RIP Oppo" (thetomselleck) 02/04/2019 at 23:05 • Filed to: Feel the power of financial restraint!

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Remember when I said I wasn’t gonna buy a car this year? Well GUESS WHAT!!!... That still applies. [Puts paultry tax return r e f u n d in bank account] ...  Extreme living.

ttyymmnn > Dr. Zoidberg - RIP Oppo 02/04/2019 at 23:06

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If you get little to no tax return, you’re doing it right. But everybody likes a return.

Nothing > Dr. Zoidberg - RIP Oppo 02/04/2019 at 23:07

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What’s a “return”?

Dr. Zoidberg - RIP Oppo > ttyymmnn 02/04/2019 at 23:08

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Well mine was a non-zero number boosted by paying off a chunk of student loans so we were able to deduct the interest paid on that. So in other words, I spent thousands upon thousands of dollars and got back some fraction of that 

Dr. Zoidberg - RIP Oppo > Nothing 02/04/2019 at 23:09

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It's what us poor people get every year and act like it's free money that wasn't ours in the first place.

ttyymmnn > Nothing 02/04/2019 at 23:09

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That’s when the government gives you back your money and says “Thank you” for letting them earn interest on it.

benjrblant > Nothing 02/04/2019 at 23:10

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Its like giving an interest-free loan to the IRS. 

Highlander-Datsuns are Forever > Dr. Zoidberg - RIP Oppo 02/04/2019 at 23:12

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I can’t wait, we might go out to eat as a family where you don’t order from the counter and fill your own cup with Fanta.

WilliamsSW > Dr. Zoidberg - RIP Oppo 02/04/2019 at 23:13

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* refund ( not return). Everyone files a return, only some people get a refund.

But at least you don’t have to write a check!

vicali > Dr. Zoidberg - RIP Oppo 02/04/2019 at 23:14

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Ours were always close to $0 until the kids were i n daycare. Then it was a gravy train with biscuit wheels..

U nfortunately the dang kids got bigger and the childcare rebates went away..

Dr. Zoidberg - RIP Oppo > Highlander-Datsuns are Forever 02/04/2019 at 23:14

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Hey big spender

Clown Shoe Pilot > Nothing 02/04/2019 at 23:28

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I t’s what you file w/ the IRS and if you overpaid you get  your refund.

PowderHound > Dr. Zoidberg - RIP Oppo 02/05/2019 at 00:08

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I did mine and got roughly the same as as usual. I wonder how it would work out if I changed my stuff and got more per paycheck but I’m clueless on all that.

FTTOHG Has Moved to https://opposite-lock.com > ttyymmnn 02/05/2019 at 00:16

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It can be hard to darn near impossible to do right sometimes though. I had 3 employers this year and tried to get my W-4 set up to come close to zeroing out but somehow I’m getting $6300 back which is way more than I ever have.  

Svend > Dr. Zoidberg - RIP Oppo 02/05/2019 at 00:37

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Thankfully in the U.K. we don’t have to go through all that crap (unless your self employed) as we are mostly paid PAYE (pay as you earn) so an amount based on what you earned the previous year is taken out each paycheck over the whole year.

So I don't have to get wrung through the emotions of 'do I owe anything, or 'will I get a windfall back to buy that thing I've wanted'. 

AddictedToM3s - Drives a GC > Dr. Zoidberg - RIP Oppo 02/05/2019 at 00:37

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And here I am still waiting for my tax forms....

WRXforScience > Dr. Zoidberg - RIP Oppo 02/05/2019 at 00:41

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I keep my withholding low so I always end up paying around $500. One nice benefit is that I don’t have to worry about getting them done early since no one is going to steal owing the IRS money (and if they do I’d be happy, not upset).

Dr. Zoidberg - RIP Oppo > WRXforScience 02/05/2019 at 00:45

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I’ve been meaning to adjust mine, but my income is highly volatile so it’s a low priority and I can only think of 3 years total of getting a large tax return. Large, in this context, is measured in running Paseos.

Dr. Zoidberg - RIP Oppo > AddictedToM3s - Drives a GC 02/05/2019 at 00:47

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Mine were slow to arrive, but 4 or 5 were available online (mostly interest from accounts and debts). Because I bought and sold a house this year, that was a whole hurdle to fill out on the ol’ Turbo Tax.

random001 > Dr. Zoidberg - RIP Oppo 02/05/2019 at 06:50

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I will get a decent refund, which will go right into paying some stuff off, so no adventure van for me yet, either.

I did adjust my taxes to get a little bit more bring home.  NExt years refund should be significantly less.  I hope not too much less...  like negative...

BrianGriffin thinks “reliable” is just a state of mind > WRXforScience 02/05/2019 at 07:35

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Although you may think that logic is sound...it isn’t. Those that fake tax returns usually use two stolen SSNs and a totally fake W2, claiming like 40k in wages and 10 k in withholding, just enough to get like a $3-4K refund. Usually the filed ID Theft return has nothing to do with your actual income. 

BrianGriffin thinks “reliable” is just a state of mind > Dr. Zoidberg - RIP Oppo 02/05/2019 at 07:38

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I hit the $10k in taxes deduction with only adding half of my property taxes in (cause it’s $10k for not just property, but also state and local income tax) and I don’t even live in a high tax state. Stupid. 

nerd_racing > Dr. Zoidberg - RIP Oppo 02/05/2019 at 08:00

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My return was more or less unaffected by the new tax law.  I don’t escrow my taxes though, so I pretty much use my return for that.  If I didn’t have to do that, I would cut back on my deductions. 

MUSASHI66 > Dr. Zoidberg - RIP Oppo 02/05/2019 at 12:04

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I pay maximum plus $250 per paycheck and we owe every year. Wife has an option of doing her paycheck half as paycheck and half as a draw, and I think those draws kill us every year. I haven’t seen a return in more than a decade. 

GoodIdeaAtTheTime > Dr. Zoidberg - RIP Oppo 02/05/2019 at 12:14

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Turns out I owe the state and feds a little over 12,000. Still trying to work out how. My income was less than 50K last year. First tim e in a long time. I have top people looking into it. Top People. or just my cpa. 

Dr. Zoidberg - RIP Oppo > GoodIdeaAtTheTime 02/05/2019 at 12:20

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Brutal. That would imply you paid zero taxes, which is of course false.