|
|
|
View Poll Results: What are you getting/owing the government for 2023? | |||
I owe the government > $5000 | 3 | 12.00% | |
I owe the government > $1000 | 2 | 8.00% | |
I owe the government $101-999 | 2 | 8.00% | |
I nailed my withholding EXACTLY +/- $100 because I am a wizard | 2 | 8.00% | |
I loaned the government $101-999 | 2 | 8.00% | |
I loaned the government > $1000 | 8 | 32.00% | |
I loaned the government > $5000 | 6 | 24.00% | |
Voters: 25. You may not vote on this poll |
|
Thread Tools | Display Modes |
02-15-2024, 10:52 PM | #1 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
|
2023 Tax Refund thread
looks like I forgot to do it last year and orndog stepped in
So how much money are you getting refunded from your tax return? wait for teh pohl
* Registered users of the site do not see these ads.
|
02-15-2024, 11:01 PM | #2 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
|
I loaned the govt a ton of money this prior tax year. sprung for audit protection via TurboTax as my section 179 deduction for the mountain house renovations may raise an eyebrow. it may or may not be legit.
|
02-15-2024, 11:02 PM | #3 | |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
|
re child tax credits, they might be increased retroactively for 2023, but don't wait to file:
Quote:
|
|
02-15-2024, 11:06 PM | #4 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
|
also re filing timelines, today was when Betterment (and probably other brokerages?) turned on their auto-import of 1099-B and -DIV to TurboTax. this was what I was waiting for, so I filed today duly. the IRS electronically accepted my return something like 20 minutes after I filed, so I guess that's good?
|
02-16-2024, 12:37 AM | #5 |
Scooby Specialist
Member#: 11571
Join Date: Oct 2001
Chapter/Region:
RMIC
Location: Park City, UT
|
What's a refund?
I make too much and don't have enough deductions |
02-16-2024, 04:19 AM | #6 |
Scooby Specialist
Member#: 34670
Join Date: Mar 2003
Chapter/Region:
South East
Vehicle:2016 slowmobile |
I got enough back for a nice mattress.
|
02-16-2024, 06:31 AM | #7 |
Scooby Guru
Member#: 442
Join Date: Oct 1999
Chapter/Region:
NESIC
Location: RI/SE Mass
Vehicle:17 Imp Spurt 00 S2k |
|
02-16-2024, 09:31 AM | #8 |
Scooby Newbie
Member#: 13772
Join Date: Dec 2001
Chapter/Region:
RMIC
Location: -=OT SQUIRREL HERDER=-
Vehicle:16 Frontier Red |
Wife's salary (teacher) will fluctuate anywhere from $0-$10,000 extra each year. Pending if she works zero, part, or full time over the summer. So I withhold a bit extra in case she decides to go full time (usually doesn't decide until May). At which point I could adjust my withholding, but that's like 5 min. extra work. But then I'd have to remember to adjust withholding again in Jan. And that's like entering a calendar reminder and ANOTHER 5 min. of work.
|
02-16-2024, 10:47 AM | #9 | |
Scooby Specialist
Member#: 21356
Join Date: Jul 2002
Chapter/Region:
NESIC
Location: Can't catch me!
Vehicle:2017 Subaru Corolla STI Limited SE-R Type (R) |
Quote:
Before I got married, my wife used to do her taxes at one of those "we will fill it out" places. They were making up numbers to bring in a big refund She got audited and needed to come up with documentation as to why deduction x was used. I helped her with that and cleared it out, but we went to the same place for them to refile it. There was a line of people to go in for the same exact problem. Everyone was being audited for the same deduction. I reported those bastards. Wonder if anything came out of it. |
|
02-16-2024, 11:15 AM | #10 | |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
|
Quote:
|
|
02-16-2024, 11:17 AM | #11 |
Scooby Specialist
Member#: 58504
Join Date: Mar 2004
Chapter/Region:
South East
Location: Ready to try OpenECU.org!!!
Vehicle:2004 STi Aspen White / Silver |
We usually pay. While my job's income is generally predictable, the income from our small biz is not.
MrsF4 files the requisite quarterly corp taxes. But by the end of the year when she starts totaling up expenses and deductions, sometimes we have to pay, sometimes we get some back. Typically less than +/-$2k. We've been audited twice. But MrsF4 is Type A meticulous about record keeping. Both times we got audited, the end result was the IRS owed us money back after it was all sorted out. |
02-16-2024, 01:13 PM | #12 |
Scooby Newbie
Member#: 203905
Join Date: Feb 2009
Location: MI
|
I'm guessing I probably owe. I usually wait until March to do them. Hard to believe we are almost there.
|
02-16-2024, 01:49 PM | #13 |
Scooby Specialist
Member#: 30733
Join Date: Dec 2002
Chapter/Region:
TXIC
Location: Houston texas
Vehicle:2007 tiny car striped |
took some mandated distributions from an inherited IRA this year, gonna owe quite a bit im afraid. I have no real idea how much or if I am liquid enough to pay comfortably. I should do better.
|
02-16-2024, 02:02 PM | #14 |
The Emperor Protects
Moderator Member#: 13
Join Date: Jun 1999
Chapter/Region:
SWIC
Location: Surprise, AZ
Vehicle:2019 Kia Stinger, 20 Bolt EV, 23 Jeep GC |
Fed taxes deposited last week. We intentionally have to hedge our bets because the egg donor for my 16yo is bat **** crazy and takes the deduction every year, even tho court ordered to me.
I am so done with that particular pile of crazy. |
02-16-2024, 06:05 PM | #15 |
Scooby Newbie
Member#: 512654
Join Date: Mar 2020
Vehicle:2019 wrx red |
1 penny!
|
02-17-2024, 01:12 AM | #16 |
Scooby Specialist
Member#: 5673
Join Date: Apr 2001
Chapter/Region:
BAIC
Location: Folsom, CA
Vehicle:05 LGT, 02 WRX Hellcat CTR LC500 GRC |
I only withhold the same amount as the taxes I paid the year before so I owe just a little bit every year.
Looks like the ebay 1099k reporting is pushed back again so one less schedule to file. |
02-17-2024, 07:48 PM | #17 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
|
That’s infuriating. You can’t claim it then explain at the audit?
|
02-18-2024, 03:20 PM | #18 |
Add Lightness
Moderator Member#: 13699
Join Date: Dec 2001
Chapter/Region:
NESIC
Location: Hopkinton, MA
Vehicle:2021 Building It Better |
Got the call today. $14k refund from Uncle Sam and I owe the state $300. Yay!
|
02-18-2024, 04:50 PM | #19 |
NASIOC Supporter
Member#: 9401
Join Date: Aug 2001
Chapter/Region:
NESIC
Location: Bis dat, qui cito dat...
Vehicle:. Truth is a pathless land... |
I love giving the government a nice fat loan...when I get my refund it's like hitting a nice scratchy!
|
02-19-2024, 01:03 PM | #20 | |
The Emperor Protects
Moderator Member#: 13
Join Date: Jun 1999
Chapter/Region:
SWIC
Location: Surprise, AZ
Vehicle:2019 Kia Stinger, 20 Bolt EV, 23 Jeep GC |
Quote:
We file without the dependent, getting a minor return, and then the IRS re-evaluates the situation, and refunds the dependent mid year. Usually around late July. |
|
02-19-2024, 01:04 PM | #21 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
|
|
02-19-2024, 01:19 PM | #22 |
Scooby Specialist
Member#: 21356
Join Date: Jul 2002
Chapter/Region:
NESIC
Location: Can't catch me!
Vehicle:2017 Subaru Corolla STI Limited SE-R Type (R) |
I would file with dependent, and make the organ donor explain to the IRS how she is violating court orders.
How else to get the problem resolved? |
02-19-2024, 04:50 PM | #23 |
The Emperor Protects
Moderator Member#: 13
Join Date: Jun 1999
Chapter/Region:
SWIC
Location: Surprise, AZ
Vehicle:2019 Kia Stinger, 20 Bolt EV, 23 Jeep GC |
So we always file with the dependent, but the last 2 years we get denied. We then file without dependent, and submit a paper "amended" return.
I want the Feds to audit her, but in reality, I am sure that going after a teacher for 2k worth of fraud is barely a blip on their radar. |
02-21-2024, 06:52 PM | #24 |
Scooby Specialist
Member#: 17797
Join Date: Apr 2002
Chapter/Region:
MAIC
Location: Pittsburgh, PA
|
I’ve done most of the taxes and should get about $5500 from fed and $150 from PA. I still don’t have my corporate tax forms from my old practice. And one of our HSA accounts doesn’t have their form; the site says it won’t be available until May. I’m not sure how that will work.
|
02-21-2024, 06:58 PM | #25 | |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
|
Quote:
|
|
Thread Tools | |
Display Modes | |
|
|