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Zambero

(9,981 posts)

62. Winning on taxes!

Reply to Achilleaze (Reply #2)

Sun Jan 27, 2019, 02:09 PM

Jan 2019

Too bad it's not the guy who finds himself getting trickled on. This analogy will be occurring millions of times over.

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Just did my taxes...there is going to be a lot of pissed people [View all] Drahthaardogs Jan 2019 OP

Also, many of us will be losing a boatload of deductions. I know I am going to owe thousands. Squinch Jan 2019 #1

I did! Drahthaardogs Jan 2019 #3

Yeah. And my sister lives in a co-op. Her property taxes and building mortgage are Squinch Jan 2019 #7

Didn't know about that exboyfil Jan 2019 #9

And very pinpointed to urban coastal areas where that is a common kind of home-buying structure. Squinch Jan 2019 #14

"Urban coastal areas"....that tend to be in blue states? regnaD kciN Jan 2019 #78

The $10,000 SALT Limit Does NOT Include Mortgage Interest Indykatie Jan 2019 #66

I didn't say it did. They are 2 different things. But there is also a cap on the mortgage interest Squinch Jan 2019 #69

NJ is a donor state. It loses $31 Billion a year to bail out other states, more than NJ's budget. TheBlackAdder Jan 2019 #74

We pay for the red states' roads, so we HAVE to levy high state taxes so we can have roads too! Squinch Jan 2019 #79

This is why I'd like to see a Transfer Payment Equalization Act. roamer65 Jan 2019 #93

I just read this article and WOW! Drahthaardogs Jan 2019 #90

Someone posted here a while back who had IRS Laura PourMeADrink Jan 2019 #96

"Tee hee. Tuff nuts, suckers." - Dirty Donny* & KGOP republican cronies Achilleaze Jan 2019 #2

Winning on taxes! Zambero Jan 2019 #62

That's the cruel narcissist pattern -- they need Hortensis Jan 2019 #71

Good analysis Achilleaze Jan 2019 #72

Tried to do our taxes Maeve Jan 2019 #4

Yes, I've done mine but can't file until TrishaJ Jan 2019 #50

Maybe the people who do that were furloughed. llmart Jan 2019 #67

Check the IRS website to see if the form has been updated nitpicker Jan 2019 #98

Gangsters, robbers, liars, thieves. GOP! lindysalsagal Jan 2019 #5

That'd be a great title when they start making movies about this administration NotASurfer Jan 2019 #18

Every damn one connected, even remotely connected to tRump in orange jumpsuits a kennedy Jan 2019 #19

No steak, no Big Mac, NotASurfer Jan 2019 #48

Straight up Nutriloaf for those fuckers, day-in, day-out ... (nt) mr_lebowski Jan 2019 #49

I LOVE your cat gif. Haggis for Breakfast Jan 2019 #91

Yup - I got rid of my exemptions and took more out for withholding jpak Jan 2019 #6

I increased my quarterly estimate payments Turbineguy Jan 2019 #8

My return increased FreeJoe Jan 2019 #10

Husband does taxes for H&R Block. The season really just livetohike Jan 2019 #11

I am going to do better exboyfil Jan 2019 #12

The deficit increase is a big deal to me FreeJoe Jan 2019 #43

I think this board is very Pollyanna about exboyfil Jan 2019 #47

Well, at least one Dem running for President wants to tax the wealthy at 70%. llmart Jan 2019 #68

The proposal won't even eliminate deficit, much less begin reducing debt. Hoyt Jan 2019 #80

Please - note that the tax would not start until $50 million and only the amount above that karynnj Jan 2019 #82

I don't mind taxing the shit out of the rich, but I do worry about what she wants to spend it on jmowreader Jan 2019 #84

Meh, it's all just based on your situation... cbdo2007 Jan 2019 #13

I will also owe money this year because of losingnthebpersonal exemption. Lonestarblue Jan 2019 #15

I don't know how I will make out. My income is pension and S.S. 3Hotdogs Jan 2019 #16

We are a GM retiree family KentuckyWoman Jan 2019 #17

I don't think you will get hosed. It is un-earned income and taxed at around 20% at most. 3Hotdogs Jan 2019 #20

traditional IRA withdrawals are taxed at the ordinary tax rate, not the lower cap gains / qualified progree Jan 2019 #21

The good news is that unemployment, SS, and medicare are not deducted. 3Hotdogs Jan 2019 #25

?? They were never deducted before. But SS and unemployment benefits are taxed .... progree Jan 2019 #30

They are deducted when you work for a salary. 3Hotdogs Jan 2019 #32

They are deducted from your paycheck. But not on taxes progree Jan 2019 #36

" I don't know how I will make out." mitch96 Jan 2019 #64

The standard deduction is now $12000 TexasBushwhacker Jan 2019 #81

Still wondering how joewicker_TX Jan 2019 #22

Are you an independent contractor? StatGirl Jan 2019 #63

How do you do "extra withholding" nycbos Jan 2019 #23

either by reducing the number of "dependents" or just fill out the deduction form (W-2?) to include 3Hotdogs Jan 2019 #27

I don't have any dependents at all so I put 0 nycbos Jan 2019 #33

There is a line on the form where you can add additional Drahthaardogs Jan 2019 #52

Change your W-4 for extra withholding jpak Jan 2019 #44

I did that, would get $3-4K back every year. The IRS got pissed and locked my W-4 from changes. TheBlackAdder Jan 2019 #73

Why would the IRS be pissed ... KelleyKramer Jan 2019 #97

I'm worse off because my itemized deductions exceed both the old and the new progree Jan 2019 #24

They tried to hide the fact that the personal deduction was eliminated, which really hurts... George II Jan 2019 #28

The "tax cut" is a big shell game, just like Reagan's big "tax cut" in the 1980s. George II Jan 2019 #26

Does the doubling of the child tax credit make up for that ? MichMan Jan 2019 #34

Probably not - the credit is "up to" $2,000 - it could be lower depending upon other factors.... George II Jan 2019 #38

A $4050 exemption is equivalent to a $891 credit in the 22% tax bracket progree Jan 2019 #45

More people running from the liar trump and the gop , and this will only increase the numbers. duforsure Jan 2019 #29

I did the same Hangdog Slim Jan 2019 #31

Our property taxes are $9,725 (Texas) and we are both retired and have zero income. flying_wahini Jan 2019 #35

That is why replacing state income taxes with property taxes isn't always good MichMan Jan 2019 #39

For the procrastinators among us: CrispyQ Jan 2019 #37

For middle income and low income folks... safeinOhio Jan 2019 #40

I retired in 2010, watoos Jan 2019 #41

I'm in PA and retiring soon Freddie Jan 2019 #53

I haven'r done mine yet, but I'm ready to pay up. nt Kahuna7 Jan 2019 #42

I have friends who didn't adjust withholdings and will get much lower refunds than they expected wishstar Jan 2019 #46

The problem is that too many people are ignorant about taxes MichMan Jan 2019 #54

A friend who is a CPA told me the same thing a few months ago. guillaumeb Jan 2019 #51

I'm getting a nice refund Freddie Jan 2019 #55

This is exactly what I am talking about Drahthaardogs Jan 2019 #56

We did too thank goodness. redstatebluegirl Jan 2019 #57

You could have increased your witholding by an additional $50 per week over what you owe MichMan Jan 2019 #59

I never let them have my money. redstatebluegirl Jan 2019 #60

I usually get money back...does that mean I'll get less money back? nt UniteFightBack Jan 2019 #58

THIS is why Eddie Munster..... dawnie51 Jan 2019 #61

"Heh, heh. Screwed the taxpayers again." - Eddie M. (R) Achilleaze Jan 2019 #70

You mean I'm not going to get my $4,000? ooky Jan 2019 #65

Divide that by 10, and you will be closer. StTimofEdenRoc Jan 2019 #77

I came out ahead, mainly due to the upped stand deduction Amishman Jan 2019 #75

Just for the fun of it, put last years income into this years software. StTimofEdenRoc Jan 2019 #76

I always shot for about an $1100 refund - enough for a bit of mad money in the spring The Polack MSgt Jan 2019 #83

Call it a wake-up call to the MAGAts jmowreader Jan 2019 #85

I'm getting less back this year shanti Jan 2019 #86

We owe taxes for the very first time... helpisontheway Jan 2019 #87

This message was self-deleted by its author roamer65 Jan 2019 #94

What did people expect? D_Master81 Jan 2019 #88

My son also had to adjust his withholding Gothmog Jan 2019 #89

Anyone who used to itemize from NY or CA? roamer65 Jan 2019 #92

The tax changes are very beneficial to single income, standard deduction w/no children. roamer65 Jan 2019 #95