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smirkymonkey

(63,221 posts)

10. This is what I am worried about. I just noticed a change of about $200 more a month in my

Reply to modrepub (Reply #6)

Sun Feb 11, 2018, 09:45 AM

Feb 2018

paycheck per month, but I am kind of nervous about what is going to happen on my 2018 tax return. I am used to getting about $2,500 back in taxes every year and kind of depend on that to pay off Christmas debt and other bills, etc.

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If you're a wage-earner (W-2), read this - GOP praises, Dems question tax-cut boost in paychecks [View all] Snarkoleptic Feb 2018 OP

As a person who works for a living and does not live in a house, I am going to Squinch Feb 2018 #1

It seems to me that those with lots of children are going to get slammed. Snarkoleptic Feb 2018 #2

I was looking at that and couldn't make sense of it. I don't have kids, so tell me where my Squinch Feb 2018 #4

A tax credit is a dollar for dollar reduction in your actual tax owed... LuckyCharms Feb 2018 #7

I'm losing a boat load of deductions. Squinch Feb 2018 #8

Yes, that's the thing... LuckyCharms Feb 2018 #18

So is this right?: if I have 100K taxable, and I'm at that 28% tax bracket, the additional $1000 Squinch Feb 2018 #9

Well, I had a whole response typed up... LuckyCharms Feb 2018 #17

Well, thank you for the effort and for the suggestion. Squinch Feb 2018 #19

Feel better. I send you virtual hot tea and a Squinch Feb 2018 #20

Really, I agree w/ you...folks like you will be ... SWBTATTReg Feb 2018 #3

I have decided to withhold the same % as 2017 titaniumsalute Feb 2018 #5

This might help you decide if your W-4 needs to be updated. Snarkoleptic Feb 2018 #11

I take 4 deductions titaniumsalute Feb 2018 #16

Agree with Everything Said Here modrepub Feb 2018 #6

This is what I am worried about. I just noticed a change of about $200 more a month in my smirkymonkey Feb 2018 #10

Don't understand the thinking of those who overpay all year to get a refund MichMan Feb 2018 #12

Because, I wouldn't save it, I would probably spend it. smirkymonkey Feb 2018 #14

If you are worried about it put the $200 in a special saving account. former9thward Feb 2018 #13

In Smirky's Defense modrepub Feb 2018 #15

Others pay CC interest during the the year.... MichMan Feb 2018 #21