Post
by eCat » Sat Feb 09, 2019 2:35 pm
I knew it was probably going to happen but taxes kicked my ass this year.
Up until now, tax planning was pretty simple - claim my deductions, make sure I give away stuff to goodwill throughout the year and everything falls into place, count on the cost of the kids to break even.
now I can't itemize enough to go past the standard deduction so I'm writing a sizeable check and if I do it again next year I have to pay a penalty.
looks like I'm going to have to sit down and do some planning for 2019
I"m not the only one - however it would appear many people have forgot they were getting a little extra in the paycheck when it comes time to file taxes....
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The new tax law does result in some people paying higher taxes (especially over the long term), but the specific issue here is tax refunds rather than total taxes paid. Whether you get a refund or owe extra to the IRS at filing time is a function not just of your total taxes owed, but also of how much tax is withheld from your paycheck by your employer on paydays. And the big story here is that as a result of the new tax law, the Treasury Department tweaked things so that on average taxpayers’ withholdings fell by more than their actual taxes owed.
I like the stinky pinky but only up to the first knuckle, I do not want a GD thumb up there--I've told her multiple times and I always catch her when she tries to pull a fast one---it's my butthole for Chrissakes I'm gonna know--so cut out the BS.