General Discussion

Ron Obvious

(6,261 posts)

62. We earned less, so we owe less.

Thu Mar 7, 2019, 07:50 PM

Mar 2019

We still were able to itemise deductions, but investment expenses (consulting & advisory) were not deductible this year and that's a lot of money.

As we owe, we're not going to pay until April 15th.

Actually, I'm proud of myself for finishing in early March! Woohoo!

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How did your tax return come out? I usually get back $3000. This year, I have to pay $2000. [View all] Squinch Mar 2019 OP

About the same as you. pwb Mar 2019 #1

actually any of this should talk about the taxes paid, NOT refunds.... beachbum bob Mar 2019 #2

Nobody's gonna listen to you dumbcat Mar 2019 #7

refunds mean nothing because of withholdings, if people wish to look foolish in discussing so be it beachbum bob Mar 2019 #49

They don't wish to look foolish dumbcat Mar 2019 #50

As George Carlin once said.... MichMan Mar 2019 #58

Yes, but an issue is that America in general was suckered Hortensis Mar 2019 #10

Suckered? JayhawkSD Mar 2019 #24

YES, suckered. The Trump admin knows perfectly well Hortensis Mar 2019 #28

Who decided on the underwithhold? DeltaLitProf Mar 2019 #60

As I said, nothing much changed in terms of income or deductions, so this is as legitimate a Squinch Mar 2019 #15

Was your withholding unchanged? onenote Mar 2019 #17

Withholding was unchanged. Squinch Mar 2019 #21

Whitholding what was unchanged. JayhawkSD Mar 2019 #25

Just for this exact reason I did not change anything from last year.... no change in refund mitch96 Mar 2019 #37

$416 reduction in OP's monthly income Bad Thoughts Mar 2019 #30

Refunds are a great way... lame54 Mar 2019 #46

Sounds like he was talking about both. haele Mar 2019 #55

Mine was less than last year Sherman A1 Mar 2019 #3

I got a modest increase in my paycheck, 15 bucks a check, and did about the same on refund. Thomas Hurt Mar 2019 #4

Did your withholding drop, as it did for so many? Hortensis Mar 2019 #5

No. Squinch Mar 2019 #16

Yes watoos Mar 2019 #18

Watoos, my sympathy also if you're taking a hit, but Hortensis Mar 2019 #23

:) No. Yes. So Squinch, no significant changes to point to Hortensis Mar 2019 #22

Getting face bent, middle class family of more than 4 ... missing whole deduction owing big time uponit7771 Mar 2019 #6

$1000 increase... Baconator Mar 2019 #8

Increase in what? Tax bill? Percentage paid? Income? Refund? Heartburn? Lucid Dreamer Mar 2019 #12

Refund received when compared to last year... Baconator Mar 2019 #14

Lasr year owed 1100 this year got back 140 but i dropped Fullduplexxx Mar 2019 #9

Taxes are complicated. Shell_Seas Mar 2019 #11

I got a bigger refund than last year dumbcat Mar 2019 #13

This message was self-deleted by its author Dennis Donovan Mar 2019 #19

I got a little bit more of a refund back than last year with about the same income. watoos Mar 2019 #20

I lost about 50% of what I normally get back. Johonny Mar 2019 #26

What state are you in? lagomorph777 Mar 2019 #27

I don't make enough to pay federal income tax so no change for me. Kaleva Mar 2019 #29

Last year I got back $500. This year I owe $3000. scheming daemons Mar 2019 #31

I made a little more this year but paid a slightly smaller hughee99 Mar 2019 #32

I usually get about 7k, this year I got 3k JDC Mar 2019 #33

IRS was ordered to lower withholding tables in February to make tax cuts visible Cicada Mar 2019 #34

Increase in refund but we relocated last year and missed out on about 6 weeks of income so I don't Luciferous Mar 2019 #35

I'm going to pay about $2.5K more maxrandb Mar 2019 #36

My total taxes end up being about $3800 less this year. whopis01 Mar 2019 #38

My total tax went down. What I have to send in went up a little fescuerescue Mar 2019 #39

I'm getting the impression from reading these kinds of threads that the amount of tax people are ooky Mar 2019 #40

Federal taxes paid last year, about $4,000. Taxes paid this year, $0. cbdo2007 Mar 2019 #41

Amazingly, we came out ahead of the game. All I can figure is we did better on the Vinca Mar 2019 #42

I did okay, considering I had almost $5K in unemployment, with no withholding for that, trackfan Mar 2019 #43

Income was $4000 more as I started SS marlakay Mar 2019 #44

I just got my returns back itcfish Mar 2019 #45

On about the same income as 2017... roamer65 Mar 2019 #47

Just sent my $2K check out last week Recursion Mar 2019 #48

I still do not have my k-1 Gothmog Mar 2019 #51

We made more. We are paying a bit more. MissB Mar 2019 #52

small fed refund extvbroadcaster Mar 2019 #53

Same as you iamateacher Mar 2019 #54

Our refund nearly doubled in 2018 vs. 2017. Quemado Mar 2019 #56

last year got $980 back, this year got $960 back nt EX500rider Mar 2019 #57

We are one of the lucky ones Paula Sims Mar 2019 #59

Last year $1900 back. This year $1600. trof Mar 2019 #61

We earned less, so we owe less. Ron Obvious Mar 2019 #62