I just did my taxes

[42graystreet]

Is it true that the IRS provided employers with an updated way of calculating federal tax withholding for employees based on their pay and W-4 allowances? If so, did that new method result in tax withholdings that were closer to the true amount...hence smaller refunds?

[scrock25]

Made zero changes and got back about a grand more than usual. Not sure what everybody is complaining about.

[neumdogg]

Originally Posted by scrock25

Take my dream home, for example - I've feigned over this house since I've been a little kid driving past it year after year after year...

https://www.zillow.com/homedetails/7...30844882_zpid/

$32,595.19 in combined County/City/School taxes annually.

Only $1.15M for 4,231 square feet? Ughhhhhhhh

[scrock25]

Nobody is forcing you to live in LA, Paulie.

[neumdogg]

Originally Posted by scrock25

Nobody is forcing you to live in LA, Paulie.

I mean, you're right. But industry-wise, it's hard to escape. And family is here.

[smokew11]

Originally Posted by scrock25

Made zero changes and got back about a grand more than usual. Not sure what everybody is complaining about.

did you have kids, get a raise, or anything else?

don't see how someone would get more $ in their paychecks AND the same refund unless something changed

[scrock25]

Originally Posted by neumdogg

I mean, you're right. But industry-wise, it's hard to escape. And family is here.

I understand that, believe you me.

Originally Posted by smokew11

did you have kids, get a raise, or anything else?

don't see how someone would get more $ in their paychecks AND the same refund unless something changed

Small raise, nothing crazy. Witholdings stayed the same. No kids born last year, although I have two.

[JRS1386]

Originally Posted by scrock25

Take my dream home, for example - I've feigned over this house since I've been a little kid driving past it year after year after year...

https://www.zillow.com/homedetails/7...30844882_zpid/

$32,595.19 in combined County/City/School taxes annually.

My dream home

https://imgur.com/a/AB6MnOT Not sure of how to find the taxes on it, but pretty sure they would be high

[Benny003]

Originally Posted by scrock25

Small raise, nothing crazy. Witholdings stayed the same. No kids born last year, although I have two.

Unless you actively changed your withholding, then the actual $ amount withheld would not have stayed the same after February last year when the IRS issued their new withholding tables. Did you update your withholding amount to try to keep it the same as it was before the new tax law?

[scrock25]

Originally Posted by Benny003

Unless you actively changed your withholding, then the actual $ amount withheld would not have stayed the same after February last year when the IRS issued their new withholding tables. Did you update your withholding amount to try to keep it the same as it was before the new tax law?

Did not. I'm telling you, besides a meager raise nothing changed.

[RiotAct]

Woohoooo, federal tax refund is scheduled to hit my savings account on Monday.

~4 weeks since I mailed in the return (I'm a stupid Luddite and did them by hand). Not bad.

[Benny003]

Originally Posted by scrock25

Did not. I'm telling you, besides a meager raise nothing changed.

Not sure what to say then other than everyone's situation will be different.

[scrock25]

Originally Posted by Benny003

Not sure what to say then other than everyone's situation will be different.

I ain't complaining

[Dave&Tim41]

I have heard an equal amount of people saying they got more, the same, or less back than in previous years. As someone aptly said, everyone's situation will be different.

[neumdogg]

And we owe $2,900. Fantastic.

[Benny003]

Originally Posted by neumdogg

And we owe $2,900. Fantastic.

Ouch, that sucks. One year my CPA came back and said I owed like $12,000 or something and I just about had a heart attack. Turned out he made a mistake on some business income and the fix resulted in me getting a massive refund instead.

[YouNeverKnow25]

I owe more than that every damn year. it sucks

[cry_minarets458]

i way overpaid all last year. whoops

[Benny003]

Originally Posted by YouNeverKnow25

I owe more than that every damn year. it sucks

You need to change your withholding or pay quarterly estimated taxes. If you owe a lot every year, then you're also paying penalties for underpaying throughout the year. It's not enough for the IRS to get their money by April 15th. They want it paid properly throughout the year or they assess penalties.

[cry_minarets458]

My accountant filed 3/25. Haven’t received anything from fed or state yet. I checked last year and I had my refund by now. What’s other’s time table been this year?


Edit: is there a way to check the status of this?

[smokew11]

Originally Posted by cry_minarets458

My accountant filed 3/25. Haven’t received anything from fed or state yet. I checked last year and I had my refund by now. What’s other’s time table been this year?


Edit: is there a way to check the status of this?

we filed on 3/6 and had our refund in less than a week, but right now it's probably backed up because of all the people doing it at the last minute

[scrock25]

Originally Posted by cry_minarets458

My accountant filed 3/25. Haven’t received anything from fed or state yet. I checked last year and I had my refund by now. What’s other’s time table been this year?


Edit: is there a way to check the status of this?

You need to know the exact amount of your refund for both.

https://sa.www4.irs.gov/irfof/lang/e...fgetstatus.jsp

For state just Google “specific state” refund status.

[42graystreet]

Could take 3 weeks or longer depending on how they filed. Could take that regardless if they're getting backed up due to the April rush.

[cry_minarets458]

thanks for the input, guys and gals.

[LillywhiteisGod]

my dumbass dad used to do my taxes and thought I owed like $12,000 cuz I got a big scholarship and he thought that got taxed but it does for room and board not for tuition scholarships which that was. Had me nervous tho.

[42graystreet]

Stupid dad

[Mickey Carson]

Adjusted withholding early in 2018. Getting $288 back. This is the closest I've gotten to $0 in several years, so I'm happy about that.

[Noles20]

Can't believe no one posted this year. Getting my refund on 4/1. My Pelosi payment should be following shortly. Looking forward to the extra cash!!

[cry_minarets458]

pretty bummed. submitted all my stuff third week of march...still listed as in process on IRS' website. the state just cashed my check today. covid delays man

anyone have similar issues here?

[Noles20]

Anyone ever use the Turbo Tax app to do their taxes? My desktop is old the I can't get an OS that will work with TT and I can't download it on to my work laptop. While it will be annoying to do it on the phone, not sure of any other options.