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Old 02-12-2019, 08:05 AM   #1
CrookedArrow
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I keep trying to figure this tax stuff out and it just ****** me off to hi helll. Last yr we paid 1600. This yr we are getting 29 dollars back. Whooooooooooo

Our youngest goes to UTSA. She doesn't qualify for nothing, due to our income? Yeah I'm talking NO Grants.We pay cash for all her tuition etc

Oldest is out and on her own. My wife and I barley break 6 figures. Cops pay and teachers pay so yeah no joke.

Whatever happen to the middle class income return with a bit of help from what we have put in? BTW the 29 is still not free. Wife paid 50 to do the taxes, so yea still 21 in the hole.

If we are doing something wrong please tell me. I would love to see a lil bit at the end of the yr.
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Old 02-12-2019, 08:13 AM   #2
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Quote:
Originally Posted by CrookedArrow View Post
I keep trying to figure this tax stuff out and it just ****** me off to hi helll. Last yr we paid 1600. This yr we are getting 29 dollars back. Whooooooooooo

Our youngest goes to UTSA. She doesn't qualify for nothing, due to our income? Yeah I'm talking NO Grants.We pay cash for all her tuition etc

Oldest is out and on her own. My wife and I barley break 6 figures. Cops pay and teachers pay so yeah no joke.

Whatever happen to the middle class income return with a bit of help from what we have put in? BTW the 29 is still not free. Wife paid 50 to do the taxes, so yea still 21 in the hole.

If we are doing something wrong please tell me. I would love to see a lil bit at the end of the yr.
What kind of exemptions are you guys claiming through your wí2s? Generally people look at this two ways- we have them take out the max and get money back and budget to live on what we have and the return is extra money for us. Then you will have people who want to play the get as close as they can game because they donít feel like giving the government a free ďloanĒ. So they return is just about a wash but every paycheck is bigger so they have there money during the year that they would get the return on. Iíve got two kids and claim 0 exemptions so money thatís ďmineĒ gets taken out when I could have more every month. Just kinda depends on which way you want to view it. At least that is my ignorant attempt at understanding the mess that is accounting. Iím sure someone who knows a whole lot more will be along shortly
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Old 02-12-2019, 08:14 AM   #3
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Originally Posted by CrookedArrow View Post
I keep trying to figure this tax stuff out and it just ****** me off to hi helll. Last yr we paid 1600. This yr we are getting 29 dollars back. Whooooooooooo

Our youngest goes to UTSA. She doesn't qualify for nothing, due to our income? Yeah I'm talking NO Grants.We pay cash for all her tuition etc

Oldest is out and on her own. My wife and I barley break 6 figures. Cops pay and teachers pay so yeah no joke.

Whatever happen to the middle class income return with a bit of help from what we have put in? BTW the 29 is still not free. Wife paid 50 to do the taxes, so yea still 21 in the hole.

If we are doing something wrong please tell me. I would love to see a lil bit at the end of the yr.
What's a refund. I've heard about these and thought it was an Urban legend.
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Old 02-12-2019, 08:17 AM   #4
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If you want more of a refund have more deducted from your pay check each pay period. I don't recommend this as you will be giving Uncle Sam a free loan.

You pretty much nailed it if you got $29 back.
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Old 02-12-2019, 08:23 AM   #5
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You pretty much nailed it if you got $29 back.
Not to mention last year you paid, this year you received a return. I'd call that a win.

Can't say you are in the hole when you paid to have your taxes done, that's a personal decision.

Sent from somewhere
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Old 02-12-2019, 08:39 AM   #6
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Some are complaining that the refunds are less this year - it’s because of the government wastaking less taxes out throughout the year - duh.

Just like EM12 said.
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Old 02-12-2019, 08:43 AM   #7
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you have a lot of learnin to do dang thts not how anything works
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Old 02-12-2019, 08:44 AM   #8
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C
P
A

You're welcome.
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Old 02-12-2019, 08:44 AM   #9
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Get $29 back? You won.....Good job. That is almost perfect.

The IRS is not a saving account. Take $100 a month and put in a bank account until April 15. There is your $1202 tax return
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Old 02-12-2019, 08:50 AM   #10
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Taxes suck......the only reason we get anything back is child care costs and tuition for my wife. Tuition drops off this year and child care next year, then we will get the $100 or so refund we usually get. We like our money up front and not giving free loans.

Whats frustrating is the people who get 8-10k back and dont pay in near what others pay in.
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Old 02-12-2019, 08:53 AM   #11
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What is a refund? Havenít gotten one in years. I feel lucky if I pay less than $10,000.


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Old 02-12-2019, 09:03 AM   #12
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Originally Posted by CrookedArrow View Post
I keep trying to figure this tax stuff out and it just ****** me off to hi helll. Last yr we paid 1600. This yr we are getting 29 dollars back. Whooooooooooo

Our youngest goes to UTSA. She doesn't qualify for nothing, due to our income? Yeah I'm talking NO Grants.We pay cash for all her tuition etc

Oldest is out and on her own. My wife and I barley break 6 figures. Cops pay and teachers pay so yeah no joke.

Whatever happen to the middle class income return with a bit of help from what we have put in? BTW the 29 is still not free. Wife paid 50 to do the taxes, so yea still 21 in the hole.

If we are doing something wrong please tell me. I would love to see a lil bit at the end of the yr.
Your perspective sucks..........
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Old 02-12-2019, 09:05 AM   #13
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We all got a "tax break" throughout the year. They held out less taxes from everyone's paycheck. That means you "made" more money each paycheck.

Less taxes paid in = less refund...

This is simple math, not common core...


And I haven't received a refund in almost 20 years....
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Old 02-12-2019, 09:06 AM   #14
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I long for the day where we live in a world where folks can understand that a tax refund is not a bonus. It means you paid in too much in the first place. No reason to give Uncle Sam a free loan on your money all year. You should set your withholdings up accordingly so you don't get a refund. Put that money in the bank all year.



As long as I don't have to pay, I am happy.
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Old 02-12-2019, 09:08 AM   #15
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Some of yall need to get into the cattle business
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Old 02-12-2019, 09:09 AM   #16
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If you donít claim your daughter then she can get grants and financial aid.


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Old 02-12-2019, 09:19 AM   #17
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With Trumps new tax laws, you most liked dropped brackets is why you dont owe as much.



Quote:
Originally Posted by CrookedArrow View Post
I keep trying to figure this tax stuff out and it just ****** me off to hi helll. Last yr we paid 1600. This yr we are getting 29 dollars back. Whooooooooooo

Our youngest goes to UTSA. She doesn't qualify for nothing, due to our income? Yeah I'm talking NO Grants.We pay cash for all her tuition etc

Oldest is out and on her own. My wife and I barley break 6 figures. Cops pay and teachers pay so yeah no joke.

Whatever happen to the middle class income return with a bit of help from what we have put in? BTW the 29 is still not free. Wife paid 50 to do the taxes, so yea still 21 in the hole.

If we are doing something wrong please tell me. I would love to see a lil bit at the end of the yr.
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Old 02-12-2019, 09:20 AM   #18
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This is a possible candidate for dumbest thread for 2019. Long way to go yet though.
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Old 02-12-2019, 09:24 AM   #19
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I long for the day where we live in a world where folks can understand that a tax refund is not a bonus. It means you paid in too much in the first place. No reason to give Uncle Sam a free loan on your money all year. You should set your withholdings up accordingly so you don't get a refund. Put that money in the bank all year.



As long as I don't have to pay, I am happy.
But for millions of Americans it is just that, a bonus, or another form of welfare I suppose. With child tax credits & the earned income credit, millions of people get more money than they paid in back. Pay in $2000 throughout the year in withholding, get a $6,000 refund because you have 3 kids and don't make much money. Merica!
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Old 02-12-2019, 09:26 AM   #20
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Taxes while maybe not many will face this situation there is a TAX PENALTY called Windfall Elimination Tax and it hits you at 85% and at 85% it will certainly take your breath away. This was my first year to experience this pentaly.
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Old 02-12-2019, 09:27 AM   #21
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If you donít claim your daughter then she can get grants and financial aid.


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not quite that simple. Dependency status for federal student aid purposes is not the same as dependency status for federal income tax purposes.
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Old 02-12-2019, 09:29 AM   #22
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This is a possible candidate for dumbest thread for 2019. Long way to go yet though.
x2


I wish some of these folks would educate themselves a little better. You'd think they would know where THEIR OWN $ is going.
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Old 02-12-2019, 09:33 AM   #23
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But for millions of Americans it is just that, a bonus, or another form of welfare I suppose. With child tax credits & the earned income credit, millions of people get more money than they paid in back. Pay in $2000 throughout the year in withholding, get a $6,000 refund because you have 3 kids and don't make much money. Merica!
Exactly, know a few people that do just this.
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Old 02-12-2019, 09:36 AM   #24
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You pay taxes?
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Old 02-12-2019, 10:01 AM   #25
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The more tax threads I read on TBH the more I see the need for a basic personal finance class to be taught in schools.
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Old 02-12-2019, 10:07 AM   #26
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My brother-in-law's baby mama has 4 kids from 4 different men. They all have to pay her child support. She works like 20 hours a week when she feels like it and always gets a few grand back on her tax return, which she promptly spends wisely on things like concert tickets. 100% certain she is already teaching her daughters that babies are paychecks.

Just listening to her talk makes my skin crawl.
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Old 02-12-2019, 10:10 AM   #27
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Originally Posted by duckmanep View Post
But for millions of Americans it is just that, a bonus, or another form of welfare I suppose. With child tax credits & the earned income credit, millions of people get more money than they paid in back. Pay in $2000 throughout the year in withholding, get a $6,000 refund because you have 3 kids and don't make much money. Merica!



Which is exactly why I said I long for the day.....


No kids here so I'm stuck with adjusting my withholdings..

Last edited by Smart; 02-12-2019 at 10:12 AM.
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Old 02-12-2019, 10:11 AM   #28
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Maybe I am wrong but I dang sure like my taxes this year compared to last year. I paid around $2000 last year and this year i will get back a little over $120. No change in income to speak of this year compared to last year. $2000+ tax break this year
(I like it!!)
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Old 02-12-2019, 10:15 AM   #29
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Ask a simple question. Get a bunch of dik wad respones? SMH

MERICA
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Old 02-12-2019, 10:24 AM   #30
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Quote:
Originally Posted by TA_Fab View Post
If you donít claim your daughter then she can get grants and financial aid.


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In order to do that before they are a certain age you have to meet a few requirements, 99% of college kids donít meet them.
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Old 02-12-2019, 10:32 AM   #31
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Originally Posted by CrookedArrow View Post
Ask a simple question. Get a bunch of dik wad respones? SMH

MERICA
if you want a tax refund in future years, go change your W4 to withhold at the single and 0 allowance rate. Your employer will take more money from your check, send it to the gov, then when you file your taxes you can get your money back.

your rant is what triggered the dik wad responses.

Last edited by duckmanep; 02-12-2019 at 10:34 AM.
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Old 02-12-2019, 10:35 AM   #32
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Originally Posted by BitBackShot View Post
My brother-in-law's baby mama has 4 kids from 4 different men. They all have to pay her child support. She works like 20 hours a week when she feels like it and always gets a few grand back on her tax return, which she promptly spends wisely on things like concert tickets. 100% certain she is already teaching her daughters that babies are paychecks.

Just listening to her talk makes my skin crawl.
Any pics???
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Old 02-12-2019, 10:37 AM   #33
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Originally Posted by duckmanep View Post
if you want a tax refund in future years, go change your W4 to withhold at the single and 0 allowance rate. Your employer will take more money from your check, send it to the gov, then when you file your taxes you can get your money back.

your rant is what triggered the dik wad responses.
There ya go
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Old 02-12-2019, 10:38 AM   #34
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Any pics???

It's a small miracle she found 1 man to knock her up, much less 4. Whatever you're imagining, it's probably not that good. If you're imagining a bowling ball with legs sitting on a pile of feces squirting milk at her fatherless children across the room, you're in the ballpark.
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Old 02-12-2019, 10:39 AM   #35
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Quote:
Originally Posted by duckmanep View Post
if you want a tax refund in future years, go change your W4 to withhold at the single and 0 allowance rate. Your employer will take more money from your check, send it to the gov, then when you file your taxes you can get your money back.

your rant is what triggered the dik wad responses.



hahahahahahaha........nailed it..
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Old 02-12-2019, 10:42 AM   #36
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It's a small miracle she found 1 man to knock her up, much less 4. Whatever you're imagining, it's probably not that good. If you're imagining a bowling ball with legs sitting on a pile of feces squirting milk at her fatherless children across the room, you're in the ballpark.
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Old 02-12-2019, 10:43 AM   #37
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Quote:
Originally Posted by BitBackShot View Post
It's a small miracle she found 1 man to knock her up, much less 4. Whatever you're imagining, it's probably not that good. If you're imagining a bowling ball with legs sitting on a pile of feces squirting milk at her fatherless children across the room, you're in the ballpark.
I just threw up in my mouth a little....
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Old 02-12-2019, 10:44 AM   #38
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I apologize, but if I have to live with it, so do you all.
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Old 02-12-2019, 10:45 AM   #39
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Originally Posted by BitBackShot View Post
My brother-in-law's baby mama has 4 kids from 4 different men. They all have to pay her child support. She works like 20 hours a week when she feels like it and always gets a few grand back on her tax return, which she promptly spends wisely on things like concert tickets. 100% certain she is already teaching her daughters that babies are paychecks.

Just listening to her talk makes my skin crawl.
Wrap that rascal...:-)
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Old 02-12-2019, 10:45 AM   #40
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At CPA now


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Old 02-12-2019, 10:50 AM   #41
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I'm getting $74 back. The first time I have gotten any refund in years. I adjusted my withholding a little, but started cramming a lot into my 457 plan. I like paying myself rather than the gubment. So between lowering my taxable income, my donations, etc. I finally get a refund. It was going to be close to $600, but the 1099 Misc for contract work negated most of it.

That's ok. If they don't owe me and I don't owe them, it's all good.
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Old 02-12-2019, 10:53 AM   #42
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Let me make sure I understand:

you make $100,000/yr

you are able to pay cash for your childs college

you had the government withhold almost EXACTLY the amount of money that they needed to (which kept a maximum amount of money in your pocket each month throughout the year without having to pay anything else additionally to them at the end of year)

AND YOU ARE UPSET ABOUT IT?

Do you realize how BLESSED you are?
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Old 02-12-2019, 10:58 AM   #43
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You are in a good spot. My goal is to be as close to break even as possible and save my money on my own terms. Only reason we get any back this year is because we now have two kids in day care.

Before kids we paid up to 300 one year and usually got back less than 200 others.
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Old 02-12-2019, 11:02 AM   #44
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It's a small miracle she found 1 man to knock her up, much less 4. Whatever you're imagining, it's probably not that good. If you're imagining a bowling ball with legs sitting on a pile of feces squirting milk at her fatherless children across the room, you're in the ballpark.

Hahahahahahaha....
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Old 02-12-2019, 11:08 AM   #45
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Originally Posted by cantexduck View Post
In order to do that before they are a certain age you have to meet a few requirements, 99% of college kids donít meet them.


Iím curious what the requirements are. When I was in college and no longer under an athletic scholarship my dad stopped claiming me and I was able to get some financial aid and grants. I was working through college though and paying for it myself.


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Old 02-12-2019, 11:15 AM   #46
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Originally Posted by BitBackShot View Post
It's a small miracle she found 1 man to knock her up, much less 4. Whatever you're imagining, it's probably not that good. If you're imagining a bowling ball with legs sitting on a pile of feces squirting milk at her fatherless children across the room, you're in the ballpark.
Ohhh. She's from East Texas...
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Old 02-12-2019, 11:22 AM   #47
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Iím curious what the requirements are. When I was in college and no longer under an athletic scholarship my dad stopped claiming me and I was able to get some financial aid and grants. I was working through college though and paying for it myself.


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https://studentaid.ed.gov/sa/fafsa/f...out/dependency
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Old 02-12-2019, 11:22 AM   #48
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Iím curious what the requirements are. When I was in college and no longer under an athletic scholarship my dad stopped claiming me and I was able to get some financial aid and grants. I was working through college though and paying for it myself.


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Current rules are..... be 24+, be married, have kids, veteran/active duty, or have a really unusual circumstance in which the school would issue a dependency override.

They may have been different in the past.
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Old 02-12-2019, 11:30 AM   #49
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Iím curious what the requirements are. When I was in college and no longer under an athletic scholarship my dad stopped claiming me and I was able to get some financial aid and grants. I was working through college though and paying for it myself.


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Out on your own ->working->paying your own taxes..kinda self explanatory - your financial aide is then based on your income and not your parents......
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Old 02-12-2019, 11:41 AM   #50
duckmanep
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Originally Posted by hbender1 View Post
Out on your own ->working->paying your own taxes..kinda self explanatory - your financial aide is then based on your income and not your parents......
and where did you get this information?
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