Taxes

2003eclipse · 03-07-2005

Anyone else feel they got screwed? I paid in 3000 in taxes last year to federal not to mention state now they want me to pay in 500 more bastards.

ABV · 03-07-2005

You're not getting screwed (unless you're taxes were done wrong). Think of it as an interest free loan from the government, payable in one lump sum on, or before 4-15. It's alot better than letting the government borrow you're money interest free for a year, and then give you a check durring tax time. That's the way I look at it anyway. The last couple of years, the net amount that I had to pay in was around $60. Some people like to get a big refund check, but I would rather use that money throughout the year to either save it, or pay down my debts faster. It's better than letting the government use it for free for a year.

Onefast99gsx · 03-07-2005

How many are you claiming on your w2's? If you're having to pay that much, you're claiming too many. Claim zero exeptions. You'll get money back probably.

DSMPARTSGURU · 03-07-2005

We always get money back..... but we preffer that, not into suprises.....

**JET** · 03-07-2005

Hell, I paid $7,600 in for just federal taxes last year! I am getting $2,400 of it back though

Buying a house rocks!

DSMPARTSGURU · 03-07-2005

yeah our house saves our butt.... with out it we would be hearting

2003eclipse · 03-07-2005

Rockford your right but it sucks ass, It's still 3500 dollars I worked for and earned and dont get to see.

Onefast99gsx · 03-07-2005

Jet- you must have one helluva job to have paid that much in taxes unless it's a business. Wow! I don't know what i paid in but i don't think it was near that much.

Steeltwo · 03-07-2005

i had to pay in 300 last year.

hopefully I do not have to pay in this year. I'd like a little chunk back.

tpunx99GSX · 03-07-2005

I had to pay last year like $400, this year because i moved i received $400 to which $200 of it went to HR block. but i wasnt about to do the work of doing my own taxes, fuck that, then have to wait 3 weeks to get it back, I want my money now. so i did. lol

TalonFiero · 03-07-2005

I owe this year, quite a bit too I might add. I need to change what I claim on my paychecks, its worked out close to even in the past but this year I have to pay abou ~$600.

Jim

2003eclipse · 03-07-2005

WOOT I get 10 dollars from state.

carltalon · 03-07-2005

Quote:

Originally Posted by JET

Hell, I paid $7,600 in for just federal taxes last year! I am getting $2,400 of it back though

Buying a house rocks!

Pretty mutch the same here Im getting 3000$ between FED and state. Owning a house is the best

**JET** · 03-07-2005

Quote:

Originally Posted by Onefast99gsx

Jet- you must have one helluva job to have paid that much in taxes unless it's a business. Wow! I don't know what i paid in but i don't think it was near that much.

I do alright, but I am not bankin' by any means. Like I said, I am getting $2,400 of that back, so I paid in $5,200 to federal taxes and I only had my house for 7 months or it would have been more back. Single people with no dependants get pretty hosed. I bumped my W-4 to 3 dependants so I should be closer to even next year.

tpunx99GSX · 03-07-2005

who are you claiming as dependents? your dsms?

**JET** · 03-07-2005

Craig and Andy

No, a house counts as about 2 dependants if you are single and have a big mortgage.

Jana · 03-07-2005

Quote:

Originally Posted by JET

I do alright, but I am not bankin' by any means. Like I said, I am getting $2,400 of that back, so I paid in $5,200 to federal taxes and I only had my house for 7 months or it would have been more back. Single people with no dependants get pretty hosed. I bumped my W-4 to 3 dependants so I should be closer to even next year.

I haven't had mine done yet because I think I'm gonna end up having to pay in this year.

I paid over $5K in Federal tax, and over $2K in state taxes, but I also made over 10K more this year. Thankfully I do have my house, but is there anything else I can look at deducting? I wish I would have kept up with that kind of crap after college

. I always deduct the max for clothing contributions ($500 I think). Anything else I am missing that I might be able to look into?

Alpine TSi · 03-07-2005

I get to claim the house this year, so I should be looking at around 2800 plus state. My girlfriend gets to claim our daughter and since she made next to nothing she also gets a credit for low income with child. And it is all going to paying the wonderful credit card debts. Damn QPR...(not in a bad way, I just couldn't resist Alan's boyish charm last summer)

2003eclipse · 03-07-2005

Just finally did the math, I paid 5927 dollars in taxes last year. I need a house, I'll be dont bitching soon.

AJ · 03-07-2005

Quote:

Originally Posted by Alpine TSi

Damn QPR...(not in a bad way, I just couldn't resist Alan's boyish charm last summer)

Hey, what can I say. We had a love hate relationship with you and your cards. you hated it, I loved it. LOL j/k

I don't know what I am gonna do yet. Here's my breakdown:

Fed income tax held : $38.00
State taxes held: $4.00

$775.00 even in total pocketed income. no bullshit.