Anyone know how their taxes look yet?

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Anyone know how their taxes look yet? (Page 1)

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Author	Topic: Anyone know how their taxes look yet?
Catalina Knowflake Posts: 6587 From: shamballa Registered: Aug 2013	posted February 08, 2019 09:17 PM Seems things are a little messy for many http://www.nbcnews.com/business/taxes/tax-code-changes-leave-americans-asking-what-happened-my-refund-n969366? IP: Logged
shura Knowflake Posts: 1477 From: kamaloka Registered: Jun 2009	posted February 08, 2019 10:41 PM yeah, I do. More than the past three years despite no significant changes. IP: Logged
Randall Webmaster Posts: 110142 From: From a galaxy, far, far away... Registered: Apr 2009	posted February 10, 2019 12:34 AM We already knew people in high tax states were going to lose state and local tax deductions. And taxpayers receive more take-home pay, so obviously that translates into less in "theft with no interest" refunds, because they aren't having the money grabbed at the source. IP: Logged
ballerina Moderator Posts: 1673 From: A Place on Earth Registered: Feb 2014	posted February 10, 2019 01:04 AM Perfectly logical! ------------------ All my love, with all my Heart lotusheartone/Emeraldopal IP: Logged
juniperb Moderator Posts: 11291 From: Blue Star Kachina Registered: Apr 2009	posted April 02, 2019 05:25 PM I had mine done today. I got hit with $980.00 higher tax outlay. Self employment is not productive with the dons tax cuts. ------------------ Partial truth~the seeds of wisdom~can be found in many places...The seeds of wisdom are contained in all scriptures ever written… especially in art, music, and poetry and, above all, in Nature. Linda Goodman IP: Logged
Randall Webmaster Posts: 110142 From: From a galaxy, far, far away... Registered: Apr 2009	posted April 02, 2019 07:58 PM Sole-proprietorships get the same 20% tax cut as partnerships, S corps, LLCs, and LLPs. Maybe your tax preparer is not up to par? http://www.mileiq.com/blog/pass-through-tax-deduction/ IP: Logged
iQ Moderator Posts: 5762 From: Lyra Registered: Apr 2009	posted April 04, 2019 07:12 AM https://twitter.com/girlsreallyrule/status/1097511699182174208 Millions of GOP voters are going to be unpleasantly surprised by April 15th. IP: Logged
jwhop Knowflake Posts: 12750 From: Madeira Beach, FL USA Registered: Apr 2009	posted April 04, 2019 10:50 AM quote: Originally posted by iQ: https://twitter.com/girlsreallyrule/status/1097511699182174208 Millions of GOP voters are going to be unpleasantly surprised by April 15th. Oh good, your source is Twitter. A well known source for 'credible' news! NOT! Twitter is a well known source for political lies from those with the 'Lying Gene'! There are those who enjoyed making the federal government 'Interest Free' loans with every paycheck. They're in the small minority. Most people enjoy having bigger paychecks each and every pay period and a smaller tax refund from Uncle Sam at the end of the tax year. Most people across America are tired of paying the state sales taxes and property taxes of clueless morons who live in high tax states run by moronic leftists who tax every thing that moves or is nailed down. Now, they have to pay their own state taxes because they can't take federal tax deductions for taxes their states lay on them. They have a choice. Vote the clueless leftist morons who run the high tax states...and cities out of office...or pack up and get the hell out. IP: Logged
juniperb Moderator Posts: 11291 From: Blue Star Kachina Registered: Apr 2009	posted April 04, 2019 03:14 PM Sure Randall, must be the accountant. ------------------ Partial truth~the seeds of wisdom~can be found in many places...The seeds of wisdom are contained in all scriptures ever written… especially in art, music, and poetry and, above all, in Nature. Linda Goodman IP: Logged
Randall Webmaster Posts: 110142 From: From a galaxy, far, far away... Registered: Apr 2009	posted April 04, 2019 03:40 PM The tax cut applies to self-employed. You also get to take the full deduction for equipment instead of depreciating. It sounds like your accountant doesn't understand the new law. IP: Logged
jwhop Knowflake Posts: 12750 From: Madeira Beach, FL USA Registered: Apr 2009	posted April 04, 2019 03:54 PM quote: Originally posted by juniperb: Sure Randall, must be the accountant. Did you forget to declare your Llama herd as a business...and business expense, depreciation etc.? IP: Logged
jwhop Knowflake Posts: 12750 From: Madeira Beach, FL USA Registered: Apr 2009	posted April 10, 2019 12:31 AM So, a VOX writer praises leftist liars for lying to Americans about Trump Administration's tax cuts. A new low for so called journalists. Vox Writer Praises Progressives for Misleading Americans on Tax Cuts Mikhael Smits April 9, 2019 Vox writer Matthew Yglesias praised progressive groups for misleading Americans about their taxes Monday. In a tweet, Yglesias praised the "messaging success" over President Donald Trump's Tax Cuts and Jobs Act. The president signed the bill into law in December 2017. At the time, then-Speaker of the House Paul Ryan (R., Wis.) said the bill would save families making $73,000 per year more than $2,000. "[P]rogressive groups did a really good job of convincing people that Trump raised their taxes," Yglesias said. The Washington Post gave the latter claims two and four Pinocchios, respectively. According to the Tax Policy Center, the average middle class family is keeping almost $1,000 which would have previously gone into government coffers. Monday, Yglesias admitted the bill had in fact been a success. Despite Democratic insistence to the contrary, "the facts say a clear majority got a tax cut."...... http://freebeacon.com/issues/vox-writer-praises-progressives-for-misleading-americans-on-tax-cuts/ IP: Logged
jwhop Knowflake Posts: 12750 From: Madeira Beach, FL USA Registered: Apr 2009	posted April 13, 2019 11:43 PM April 13, 2019 MAGA: H&R Block average customer paid 25% less tax in 2018 Chriss Street H&R Block reported that due to Pres. Trump's Tax Cuts and Jobs Act, its average customer paid 25 percent less in taxes in 2018 than in 2017. As America's largest tax preparer, the Kansas City, Missouri company operates 12,000 retail offices across the nation and filed 19.9 million tax returns in 2017. For 2018 tax returns filed through March 31, H&R Block reported that its average customer paid $1,200 in federal tax. That amounted to a 25-percent savings, or about $400 less than the $1,600 paid in 2017. Despite fears that residents of states with high tax rates would suffer due to the Trump tax cuts' $10,000 limitation for state and local tax deductions, H&R Block reported that New Jersey customers saved 29.1 percent, or $809; Massachusetts customers saved 27.6 percent, or $715; and California customers saved 27.1 percent, or $630. ..... http://www.americanthinker.com/blog/2019/04/maga_hr_block_average_cust omer_paid_25_less_tax_in_2018.html IP: Logged
Randall Webmaster Posts: 110142 From: From a galaxy, far, far away... Registered: Apr 2009	posted April 15, 2019 10:43 PM The average family making $75,000 a year saved $2,300 on their taxes. IP: Logged
jwhop Knowflake Posts: 12750 From: Madeira Beach, FL USA Registered: Apr 2009	posted April 15, 2019 11:14 PM quote: Originally posted by Randall: The average family making $75,000 a year saved $2,300 on their taxes. Yes, so anytime anyone hears a lying demorat talk about how the middle class got shafted with Trump's tax cuts, they should be called out for the liars they are. IP: Logged
Randall Webmaster Posts: 110142 From: From a galaxy, far, far away... Registered: Apr 2009	posted April 17, 2019 11:08 PM Facts don't matter to the far left fringe. IP: Logged
jwhop Knowflake Posts: 12750 From: Madeira Beach, FL USA Registered: Apr 2009	posted April 17, 2019 11:46 PM quote: Originally posted by Randall: Facts don't matter to the far left fringe. Yes, facts are very inconvenient to the far left fringe! IP: Logged
Randall Webmaster Posts: 110142 From: From a galaxy, far, far away... Registered: Apr 2009	posted April 18, 2019 04:40 PM Reality doesn't matter. IP: Logged
StubbornVirgo Knowflake Posts: 2528 From: Welcome to Mercury Registered: Jul 2015	posted April 26, 2019 12:05 AM I made less than last year (which was below $75,000). I had to pay state taxes - which is not unusual for my state, unfortunately. I usually break even for state, but not this year. My federal return was pretty sad. I think I got about $400 back. BUT I have no dependents, no child tax credits, etc. Plus I was penalized for various interest that I received...which I did not know was a thing, but apparently it is. IP: Logged
Randall Webmaster Posts: 110142 From: From a galaxy, far, far away... Registered: Apr 2009	posted April 27, 2019 10:42 PM It does favor families and those who run businesses. IP: Logged
StubbornVirgo Knowflake Posts: 2528 From: Welcome to Mercury Registered: Jul 2015	posted April 28, 2019 04:05 AM quote: Originally posted by Randall: It does favor families and those who run businesses. That explains it! IP: Logged
Randall Webmaster Posts: 110142 From: From a galaxy, far, far away... Registered: Apr 2009	posted April 28, 2019 10:00 AM Us single folk got the short end of the stick. IP: Logged
StubbornVirgo Knowflake Posts: 2528 From: Welcome to Mercury Registered: Jul 2015	posted April 28, 2019 10:18 AM Ain't that the truth! A coworker of mine got a $13,000 refund. She has 3 kids. IP: Logged
teasel Knowflake Posts: 11883 From: Registered: Apr 2009	posted April 28, 2019 03:12 PM quote: Originally posted by StubbornVirgo: Ain't that the truth! A coworker of mine got a $13,000 refund. She has 3 kids. A friend of mine has kids, and is raising her grandchild. She and her husband somehow owe $12,000, even though nothing changed for them. IP: Logged
StubbornVirgo Knowflake Posts: 2528 From: Welcome to Mercury Registered: Jul 2015	posted April 28, 2019 04:14 PM I should add that my friend is the only one in her family that works. And her pay was rather modest for last year, so I think she falls in a lower tax bracket in general. I wonder if I could get away with listing my cat as a dependent. IP: Logged

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