maddmaxx ★ Posted February 16, 2019 Share #1 Posted February 16, 2019 The government deposited my Federal tax refund in my bank account in just 1 week from the time I filed it? This is unprecedented. WTF has happened? 2 Link to comment Share on other sites More sharing options...
late Posted February 16, 2019 Share #2 Posted February 16, 2019 4 hours ago, maddmaxx said: The government deposited my Federal tax refund in my bank account in just 1 week from the time I filed it? This is unprecedented. WTF has happened? As a guess, a lot of cheaters will be getting away with it this year. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted February 16, 2019 Author Share #3 Posted February 16, 2019 8 minutes ago, late said: As a guess, a lot of cheaters will be getting away with it this year. Why? Link to comment Share on other sites More sharing options...
Road Runner Posted February 16, 2019 Share #4 Posted February 16, 2019 What software/method did you use to file? Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted February 16, 2019 Author Share #5 Posted February 16, 2019 15 minutes ago, Road Runner said: What software/method did you use to file? Turbo Tax. I've been with them for years. The situation was relatively easy this year however as the standard deduction covered us like a blanket. We just don't have any deductions left. 1 Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted February 16, 2019 Share #6 Posted February 16, 2019 5 hours ago, maddmaxx said: The government deposited my Federal tax refund in my bank account in just 1 week from the time I filed it? This is unprecedented. WTF has happened? Considering how efficient the IRS is in taking your income taxes from your paycheck, it's about time. I'm going to start on my taxes today using Turbo Tax. I've worked for 3 different employers; moved money from two 401k's to another fund; and just maxed out my traditional IRA for 2018. It' going to be more difficult than previous years. Link to comment Share on other sites More sharing options...
late Posted February 16, 2019 Share #7 Posted February 16, 2019 1 hour ago, maddmaxx said: Why? I'm guessing that to catch up, they aren't doing everything they usually do, specifically automated checks for cheating. Link to comment Share on other sites More sharing options...
Ralphie ★ Posted February 16, 2019 Share #8 Posted February 16, 2019 They must be working on a LIFO method, in which case I will never see my amended return get processed! Submitted 2.5 months ago and still not even acknowledged as received. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted February 16, 2019 Share #9 Posted February 16, 2019 54 minutes ago, maddmaxx said: Turbo Tax. I've been with them for years. The situation was relatively easy this year however as the standard deduction covered us like a blanket. We just don't have any deductions left. Gotta think there are two reasons: 1) better and better automation of returns, and 2) lower and lower risk of audits across the board. If the IRS just becomes a "trust" relationship, you have to assume it can be pretty easy to just process the tax stuff with mild automated checking for basic flags. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted February 16, 2019 Author Share #10 Posted February 16, 2019 39 minutes ago, late said: I'm guessing that to catch up, they aren't doing everything they usually do, specifically automated checks for cheating. I think that's mostly computerized these days. The returns least likely to be audited however are going to be standard deduction, that's it that's all folks. There's nothing there to cheat with. States are getting a bit hyper about you paying your sales tax, but most of the small business's I shop with are already collecting sales tax and I don't make large appliance or automobile purchases out of state so not much problem there either. Link to comment Share on other sites More sharing options...
Ralphie ★ Posted February 16, 2019 Share #11 Posted February 16, 2019 The large standard deduction is a nice simplification of taxes that was sort of overdue, but it comes at a big cost even to someone like me who has a paid off mortgage, due to the apparent discontinuance of the HSA deduction. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now