How's those taxes going this year?

[ElAzul]

No tax increases my ass.I got no dinner, drinks, couldn't even spare some spit for lube. When I came to I found a nice note "see you same time next year"

 

[RitcheyRch]

Usually we break even or get a small amount back. Owed $9963 to the Feds and $425 to the State.

 

[ElAzul]

Usually we break even or get a small amount back. Owed $9963 to the Feds and $425 to the State.

Sounds about right from what I've been hearing. I dunno if people have changed their filing or what codes have changed, if only we had a tax pro that could swoop in on their magic carpet and give is the scoop?

 

[beerrun]

Usually we break even or get a small amount back. Owed $9963 to the Feds and $425 to the State.

Ouch

 

[RitcheyRch]

Nothing changed on our filing.

Sounds about right from what I've been hearing. I dunno if people have changed their filing or what codes have changed, if only we had a tax pro that could swoop in on their magic carpet and give is the scoop?

My thoughts exactly.

Ouch

 

[Yldboyz]

I need more write offs...

 

[monkeyswrench]

When I had a real job, and thus made real money, my "best" year damn near killed me. They took more than I grossed the previous year! I looked at my wife and said, "Just us, our piddly household, supported 3 illegal families! And they're driving Escalade's!"
We get ours done next week, I'll report back. We don't make squat, and have 3 kids I can write off. Still going to suck!

 

[JFMFG]

Usually we break even or get a small amount back. Owed $9963 to the Feds and $425 to the State.

Ouch

 

[HNL2LHC]

Kind of a mess with everything that we had going on last year. Still waiting for the dust to settle and had a bit of a heart attack moment with and IRA rollover that we were given a 1099 for a fair amount of $$$$. LOL. The wife was a bit worri…. We shall see what happens. Might have to sell all the toys we bought last year.

LOL……NOT!!!!!

 

[Ol Man]

The only way folk are going to know how much their taxes are is if we did away with withholding. Make it hurt to write the check. People always talk about how much they get back and most don't know what they paid. This will never happen.

Plus in our lovely state, Newscumb always talks about the surplus. He doesn't admit to over taxing us.

 

[4Waters]

400 less back this year but still getting 5k back

 

[dread Pirate]

Lost so much last year we're getting more back than usual. I have a bunch of kids though,,

 

[Mr. C]

Usually we break even or get a small amount back. Owed $9963 to the Feds and $425 to the State.

Well shit this scares me. Last year owed a whopping 68 to feds. Got back ( from memory) 1400 ish from ,
CA. .
Nothing has changed. Same write offs etc.
I’m afraid to do mine now.

 

[Mr. C]

400 less back this year but still getting 5k back

I like this better than RR’s deal.

 

[MissB]

I lost another kid... damn productive member of society I raised.... so my filing status changed from HOH to single, and I owed the Fed 800+ and got 500 back from CA.
Immediately changed my withholdings. I usually get something back, or break even. Not sure if it was not having a child dependent or the "no new taxes" but screw this.

 

[Mr. C]

I lost another kid... damn productive member of society I raised.... so my filing status changed from HOH to single, and I owed the Fed 800+ and got 500 back from CA.
Immediately changed my withholdings. I usually get something back, or break even. Not sure if it was not having a child dependent or the "no new taxes" but screw this.

No withholdings to change on the fed anymore. They just take what they take I think. And yes. I lowered my state down to zero I think.

 

[BIGRED9158]

How Much should I expect back for writing off the kid

 

[4Waters]

How Much should I expect back for writing off the kid

About a grand

 

[Mr. C]

About a grand

Damn. I miss 3 kids and a stay at home wife to write off. (Don’t take that last one wrong. Much happier she was at home with the kids)

 

[Sandlord]

Just got back
Zero taxes paid
and Zero taxes owed.

 

[BIGRED9158]

About a grand

About a grand

Wtf really that’s it me and the old lady are not married until June who should claim him? Dose it matter

 

[TimeBandit]

Turbo tax just completed. I have been using "home and business" for the past 7 years.

Refund almost the same as last year, I did notice the standard deduction went up a few hundred.

plus I funded my 2022 IRA to increase my Federal tax return another $1100.

 

[4Waters]

Wtf really that’s it me and the old lady are not married until June who should claim him? Dose it matter

I can't answer that, maybe someone else can

 

[RIVERBORN]

Hey there! It sounds like you're having a bit of a rough time with your taxes this year, I'm sorry to hear that. Taxes can definitely be a headache, especially if you feel like you're not getting the return you were hoping for.

Uhhh. Okay.

 

[Shlbyntro]

Wtf really that’s it me and the old lady are not married until June who should claim him? Dose it matter

whoever makes more NET income if youre not filing together is the general rule

 

[Bigbore500r]

Hey there! It sounds like you're having a bit of a rough time with your taxes this year, I'm sorry to hear that. Taxes can definitely be a headache, especially if you feel like you're not getting the return you were hoping for.

Whoa whoa whoa there. - first things first
Pics of wife / girlfriends on your boat....then we'll talk

 

[4Waters]

Whoa whoa whoa there. - first things first
Pics of wife / girlfriends on your boat....then we'll talk

Don't forget, extra points if wife and girlfriend are in the same pic and since she is 27 there would be extra extra points for the above mentioned pic

 

[TCHB]

I need more write offs...

I forgot about the home interest write offs dropping off the table. For most of my life this was a deduction now the next generation gets very little.

 

[oldschool]

I don’t feel so bad paying all that tax money when I see all the wonderful things they are doing with the money.

 

[Hammer]

I lost another kid... damn productive member of society I raised.... so my filing status changed from HOH to single, and I owed the Fed 800+ and got 500 back from CA.
Immediately changed my withholdings. I usually get something back, or break even. Not sure if it was not having a child dependent or the "no new taxes" but screw this.

Looks like you need to have another kid.

 

[SoCalDave]

Whoa whoa whoa there. - first things first
Pics of wife / girlfriends on your boat....then we'll talk

With a screen name of IrenGreen she maybe able to provide some pics of herself.
Irene ball is in your court.

 

[farmo83]

Writing another 5 figure check.

 

[monkeyswrench]

I don’t feel so bad paying all that tax money when I see all the wonderful things they are doing with the money.

Snorted some coffee on that one

 

[MissB]

Looks like you need to have another kid.

yeah... no! LOL

 

[Hammer]

yeah... no! LOL

LOL..... I hope you are doing well. It's been awhile

 

[yuppie]

Not as bad as last year, but I'm going with a new firm and working with them to get every write-off I can!

 

[stephenkatsea]

The only thing good about our taxes owed is the AZ State tax. We opt to pay it to a designated charity instead of the state. We give it to Havasu High School.

 

[HNL2LHC]

I believe that all has been completed. I feel for the ones doing the real Work. Personal in AZ and Hawaii as well as business on booths sides and then the kicker that we did not know about was my MIL’s trust. That came up 2 weeks ago by our CPA. Thank God for him. fortunately both my MIL and wife are sweethearts and the Trust people LOVE them. They pulls strings and made it happen in time. But then again we just put things in their control the year and there is more to come so they are still nice to us. LOL

 

[TPC]

Getting $3K back.
CPA clipped us $800 for the tax prep is the eye opener.

 

[TimeBandit]

Getting $3K back.
CPA clipped us $800 for the tax prep is the eye opener.

I inherited my wife's CPA when we got married. Great gal who also charged $800 to do our taxes.

The next year I started using turbo tax with her last return as a template as to which forms I would need with the carry forward amounts etc.

Now TT Home and business is $80. and does a great job in about 90 minutes.

I think she was great, our situation just did not need a "great" CPA !

 

[boatpi]

Delayed all to get more time. But who knows. I paid quarterly’s of 140k. We will see, painful at all levels.

 

[dread Pirate]

I'd like to retract my previous statement. Yes we're still getting some back, but way f'ing less than we previously thought. On top of that it was better to have my 20yr old claim on her own as it would have cost us over $1200 if we claimed her. As it is she has to pay almost $300. Kids a full time student and although she works the stables, her summer job at the country club is where she makes her $. Most of her tips were on a cc, so there's that too... At least she doesn't have any school loans and is almost done with school....

 

[zhandfull]

Getting $3K back.
CPA clipped us $800 for the tax prep is the eye opener.

Those CPA’s suck! Lol.. when I was self employed it was 5k for business/payroll taxes and crap. Then he would still hit up both my business partner and I for another 6-700 dollars each. That was almost 10 years ago.

W2 employee now and spend about $100 on TurboTax each year.

 

[Mcob25rg]

We do Turbo also. Unless you are really doing something a little sketchy, it works fine. $80

 

[cofooter]

Turbo as well. Like that all the past info is in there and you just have to update/upload your new income/deductions and e-file There is not a lot of mystery involved as an individual tax payer (thats legal anyway) where a CPA is going to get you back the money you pay him. Corporation/small business for sure, I'd get one........

 

[TPC]

I did the Turbo tax, use the last refund as a template trick successfully for years but now its got more tricky.

Redeemed a lot of inherited bonds, and will again and again, have a special needs child living at home for life, and a student, liquidating investments, rolling over investments, transferring investments, inheritances, school and trusts funds of all kinds coming from all directions, going all over the place,, first time write offs, Tax system almost has me by the nut sac.

No, it has me by the nutsac.
Good thing I have a smart wife, that helps a lot.

 

[was thatguy]