Dirtyhip Posted March 21, 2022 Share #1 Posted March 21, 2022 We are getting back a chunk of change. This is good, as we need to replenish the emergency fund. I had a garden emergency this year. 2 1 Link to comment Share on other sites More sharing options...
bikeman564™ Posted March 21, 2022 Share #2 Posted March 21, 2022 Nice. Got my state, waiting for the feds 1 Link to comment Share on other sites More sharing options...
Dirtyhip Posted March 21, 2022 Author Share #3 Posted March 21, 2022 3 minutes ago, bikeman564™ said: Nice. Got my state, waiting for the feds Last year, we broke even. Almost at a level of 0. Tax lady told me not to change anything. It was likely all of our home selling fees. 1 Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted March 21, 2022 Share #4 Posted March 21, 2022 6 minutes ago, Dirtyhip said: We are getting back a chunk of change. This is good, as we need to replenish the emergency fund. I had a garden emergency this year. I sent off my pile of files to the tax guy. I expect a refund - and another stiff talking too for having that refund We'll see, but I am happy that it is out of my hands for now. 1 Link to comment Share on other sites More sharing options...
Parsnip Totin Jack ★ Posted March 21, 2022 Share #5 Posted March 21, 2022 $3100 to the feebs, $140 to the state. I changed my W4 to take out an extra $50 per check to soften next year’s impact. 1 Link to comment Share on other sites More sharing options...
donkpow Posted March 21, 2022 Share #6 Posted March 21, 2022 I'm glad you brought this up because I still have to do city taxes paperwork. It slipped my mind. 1 Link to comment Share on other sites More sharing options...
Parr8hed Posted March 21, 2022 Share #7 Posted March 21, 2022 We get ours done tonight. 1 Link to comment Share on other sites More sharing options...
Kirby Posted March 21, 2022 Share #8 Posted March 21, 2022 I shipped mine off to the tax guys a few weeks ago and got the draft documents this weekend. I need to go to the post office today to mail back the signed forms authorizing them to file as well as their payment. 2 Link to comment Share on other sites More sharing options...
Parr8hed Posted March 22, 2022 Share #9 Posted March 22, 2022 I freaking owe. First time ever. We even dropped to a lower tax bracket. It’s only going to end up being 200 dollars but still. 1 Link to comment Share on other sites More sharing options...
shootingstar Posted March 23, 2022 Share #10 Posted March 23, 2022 12 hours ago, Parr8hed said: I freaking owe. First time ever. We even dropped to a lower tax bracket. It’s only going to end up being 200 dollars but still. This will happen in a few years after retirement. My brain needs to adjust.. 1 Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted March 23, 2022 Share #11 Posted March 23, 2022 I got a huge rebate two years ago. Then had to pay half of that back last year. No change in my deductions, withholdings, anything. So I have no idea what this year will bring. I pay what my accountant tells me I need to. Link to comment Share on other sites More sharing options...
ChrisL Posted March 23, 2022 Share #12 Posted March 23, 2022 We have been paying the past few years. Like @Old No. 7 we have extra taken out of each check and this year we owe about $1,000 to Fed, pretty much break even with State. 1 Link to comment Share on other sites More sharing options...
shootingstar Posted March 23, 2022 Share #13 Posted March 23, 2022 On 3/21/2022 at 8:36 AM, Kirby said: I shipped mine off to the tax guys a few weeks ago and got the draft documents this weekend. I need to go to the post office today to mail back the signed forms authorizing them to file as well as their payment. I was annoyed I had to print off mine, because there's a mandatory form/notice from another govn't dept. to attach. I cannot submit two separate files online. For the first time in a decade, I had to use snail mail. My refund is smaller this yr., due to some life changes last yr., etc. Well, no one can plan everything in life and forecast what may happen. Link to comment Share on other sites More sharing options...
Page Turner Posted March 23, 2022 Share #14 Posted March 23, 2022 ...thank you for reminding me that I have not filed ours yet. Link to comment Share on other sites More sharing options...
Bikeguy Posted March 23, 2022 Share #15 Posted March 23, 2022 On 3/21/2022 at 9:04 AM, donkpow said: I'm glad you brought this up because I still have to do city taxes paperwork. It slipped my mind. I never knew this. I only had to deal with Fed and State income tax. I guess this is more common that I ever knew. https://www.thebalance.com/cities-that-levy-income-taxes-3193246 Link to comment Share on other sites More sharing options...
shootingstar Posted March 23, 2022 Share #16 Posted March 23, 2022 6 minutes ago, Bikeguy said: I never knew this. I only had to deal with Fed and State income tax. I guess this is more common that I ever knew. https://www.thebalance.com/cities-that-levy-income-taxes-3193246 So where do these states get income to run their state services: Link to comment Share on other sites More sharing options...
Bikeguy Posted March 23, 2022 Share #17 Posted March 23, 2022 7 minutes ago, shootingstar said: So where do these states get income to run their state services: This is an old article but the theory is the same. The state just finds 'other' ways to tax the people. https://www.fool.com/taxes/2014/08/19/where-the-7-states-with-no-income-tax-get-their-mo.aspx Link to comment Share on other sites More sharing options...
donkpow Posted March 23, 2022 Share #18 Posted March 23, 2022 Yeah there are local income taxes, property taxes, real property taxes, sales taxes, business taxes, ... If you can get it, the gov't can tax it. Link to comment Share on other sites More sharing options...
Dirtyhip Posted March 23, 2022 Author Share #19 Posted March 23, 2022 9 hours ago, Page Turner said: ...thank you for reminding me that I have not filed ours yet. You are welcome. I had a freak out moment last year. I thought we forgot. We had so much going on with the build that I thought we missed it. I called our tax lady in June freaking out. We were living in the box and travel trailer with limited record accessibility. She said, "I would never let you forget that." She is wonderful. Link to comment Share on other sites More sharing options...
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