Sweet. Should save my friend thousands!1/2 deductible meals and entertainment
I would suggest filing an extension with a payment. Better than filing and doing and amended later.Never had to before but thinking you are right.....or should I just let them file it and make the payment and amend later?
As of course I'm doing a refi on a rental property that needs my return to close next week.
Yes. They return excess amounts.So you do your taxes (or have someone do them for you)...and you calculate that you're either due a refund based on what's been taken out during the year, or owe.
I almost always owe more, and have to send a follow up payment. I don't really care about that. When I have gotten a refund, I've just taken it without question that it's the right amount. It's never that much, but it's the principle of the thing that has me thinking
Has anyone here ever filed for a State/Federal refund, and gotten a response back that you're actually owed more than you calculated, and they send you a check greater than what you calculated you are owed? Or is it generally considered your tough cookies if you're incorrect about the amount you are owed, and the govt. keeps mistakes in their favor?
Simple example: you calculate you are owed $100, but you're actually owed more. Does the govt send you a response with a check for $100+X?
Has anyone here made a payment to State/Federal, and gotten a response back that you sent in too big of a check, and they refund you the difference? Or is it generally considered your tough cookies if you're incorrect (to the governments benefit), and they just keep the extra, sorry about your luck? Not talking about estimated tax overpayment, just sending them too large a check with your return?
Simple example: you calculate you owe $100, but you actually owe less. Does govt send you a response with a check for $100-X?
Just filed mine today. Always plug everything in early to see if I'm getting a refund.
Oregon had a special stockpile tax refund kicker in their budget this year and I'm getting $4,500 back from the state!!
i have to sit down and figure stuff out - i messed up with my son and never claimed school stuff the first year so I want to be sure I do it correctly
You too?I was a little aghast last year when my wife gave me her W2 and there were NO Fed taxes withheld. She hadn't worked since the twins were born in 2015, so I figured just a little oversight, not a big deal (she didn't make all that much). Had our accountant fill out a new W4 for her to give to her employer (public school district) and figured all was well.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
You too?I was a little aghast last year when my wife gave me her W2 and there were NO Fed taxes withheld. She hadn't worked since the twins were born in 2015, so I figured just a little oversight, not a big deal (she didn't make all that much). Had our accountant fill out a new W4 for her to give to her employer (public school district) and figured all was well.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
My wife started a new job last year. February-ish. I saw one of her first paychecks and said something like "they sure aren't taking out much federal. you may want to double-check your W4"
Started doing the taxes last Thursday and looked at her W2 and said out loud: "Well, we are FUUUC.............."
And we are. Huge tax bill this year. An innocent mistake but painful. I couldn't say anything of course other then let's go fix this. But man, this one reaaaaaaalllllly hurts. Bad.
i have to sit down and figure stuff out - i messed up with my son and never claimed school stuff the first year so I want to be sure I do it correctly
I spend about $350 a year for my guy to do our taxes. Best money I spend every year.
I have whole spreadsheet where I track all of our tax-related data throughout the year to try to manage my refund/bill, so I'm always aware of my wife's withholding. When you fill out the W4 and you're the much smaller earner in a married-filed-jointly situation, it's going to withhold very little so I utilize the field for withholding extra and adjust mine.You too?I was a little aghast last year when my wife gave me her W2 and there were NO Fed taxes withheld. She hadn't worked since the twins were born in 2015, so I figured just a little oversight, not a big deal (she didn't make all that much). Had our accountant fill out a new W4 for her to give to her employer (public school district) and figured all was well.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
My wife started a new job last year. February-ish. I saw one of her first paychecks and said something like "they sure aren't taking out much federal. you may want to double-check your W4"
Started doing the taxes last Thursday and looked at her W2 and said out loud: "Well, we are FUUUC.............."
And we are. Huge tax bill this year. An innocent mistake but painful. I couldn't say anything of course other then let's go fix this. But man, this one reaaaaaaalllllly hurts. Bad.
Da ****?.he's getting back $80K.
I was going to but I'll just leave it aloneshe has 50 IQ points on me
99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a homei have to sit down and figure stuff out - i messed up with my son and never claimed school stuff the first year so I want to be sure I do it correctly
I spend about $350 a year for my guy to do our taxes. Best money I spend every year.
I've been doing my own through Tax Slayer. I've actually used their chat help or phone help line when my wife had 1099 income and received clear, quick answers. So, depending on why you think you might need to hire an accountant, you might be able to get the help through the online filing sites.99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a homei have to sit down and figure stuff out - i messed up with my son and never claimed school stuff the first year so I want to be sure I do it correctly
I spend about $350 a year for my guy to do our taxes. Best money I spend every year.
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a homei have to sit down and figure stuff out - i messed up with my son and never claimed school stuff the first year so I want to be sure I do it correctly
I spend about $350 a year for my guy to do our taxes. Best money I spend every year.
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
Just filed mine today. Always plug everything in early to see if I'm getting a refund.
Oregon had a special stockpile tax refund kicker in their budget this year and I'm getting $4,500 back from the state!!
I snooped on my boss....he's getting back $80K.
I need a raise.
I've been doing my own through Tax Slayer. I've actually used their chat help or phone help line when my wife had 1099 income and received clear, quick answers. So, depending on why you think you might need to hire an accountant, you might be able to get the help through the online filing sites.99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a homei have to sit down and figure stuff out - i messed up with my son and never claimed school stuff the first year so I want to be sure I do it correctly
I spend about $350 a year for my guy to do our taxes. Best money I spend every year.
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
Just filed mine today. Always plug everything in early to see if I'm getting a refund.
Oregon had a special stockpile tax refund kicker in their budget this year and I'm getting $4,500 back from the state!!
I snooped on my boss....he's getting back $80K.
I need a raise.
Unless he's making crazy money that doesn't seem very smart.
Yeah...been using handr for as long as I can remember and haven't had a need yet....I've been doing my own through Tax Slayer. I've actually used their chat help or phone help line when my wife had 1099 income and received clear, quick answers. So, depending on why you think you might need to hire an accountant, you might be able to get the help through the online filing sites.99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a homei have to sit down and figure stuff out - i messed up with my son and never claimed school stuff the first year so I want to be sure I do it correctly
I spend about $350 a year for my guy to do our taxes. Best money I spend every year.
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
Yeah...been using handr for as long as I can remember and haven't had a need yet....I've been doing my own through Tax Slayer. I've actually used their chat help or phone help line when my wife had 1099 income and received clear, quick answers. So, depending on why you think you might need to hire an accountant, you might be able to get the help through the online filing sites.99% of the time I have a stadndard deduction - im as close to being able to do a 1040ez as one can be owning a homei have to sit down and figure stuff out - i messed up with my son and never claimed school stuff the first year so I want to be sure I do it correctly
I spend about $350 a year for my guy to do our taxes. Best money I spend every year.
My wife used to go to one of those tax places - we went the first time we got married and I was like dude is just filling in boxes in Turbo tax.... I've done it ever since. When the guy said to me you should inquire about getting certified to doing tax prep i was like gtfo
I need to find an actual accountant soon I think
don’t take it all, take $3500 and roll over $1000 to next year’s bill.Just filed mine today. Always plug everything in early to see if I'm getting a refund.
Oregon had a special stockpile tax refund kicker in their budget this year and I'm getting $4,500 back from the state!!
E-file your federal income tax return and state income tax return online with OnLine Taxes at OLT.COM!
Online Taxes tax preparation service provides simple, fast and secure tax preparation software and online tax help for online filing of your income tax return. Online Taxes offers both Federal income tax forms and State income tax forms for IRS efile.www.olt.com
If you make under $40K this is COMPLETELY free. Yes, that includes state.
Screw Turbotax, Taxslayer, and H & R Block.
You do have to type in your W2(oh noooze) but, worth it.
aka The Blue State tax. this would benefit me, but will never be passed.I do my own taxes (I use H&R Block software ) and have finished but am waiting to file.
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
SALT Cap Deduction Hike Test Vote Slated for House This Week (1)
Legislation that would double the state-and-local tax deduction cap for joint filers is expected to get a procedural House vote Feb. 14, according to Democrats.news.bloombergtax.com
E-file your federal income tax return and state income tax return online with OnLine Taxes at OLT.COM!
Online Taxes tax preparation service provides simple, fast and secure tax preparation software and online tax help for online filing of your income tax return. Online Taxes offers both Federal income tax forms and State income tax forms for IRS efile.www.olt.com
If you make under $40K this is COMPLETELY free. Yes, that includes state.
Screw Turbotax, Taxslayer, and H & R Block.
You do have to type in your W2(oh noooze) but, worth it.
Thanks for this. I do use the free ish web services for my sons' taxes so it's nice to know another option.
I know the link shows $9.95 for state but mine(Maine) was free.E-file your federal income tax return and state income tax return online with OnLine Taxes at OLT.COM!
Online Taxes tax preparation service provides simple, fast and secure tax preparation software and online tax help for online filing of your income tax return. Online Taxes offers both Federal income tax forms and State income tax forms for IRS efile.www.olt.com
If you make under $40K this is COMPLETELY free. Yes, that includes state.
Screw Turbotax, Taxslayer, and H & R Block.
You do have to type in your W2(oh noooze) but, worth it.
Thanks for this. I do use the free ish web services for my sons' taxes so it's nice to know another option.
I've never owed the state since I've lived here. Usually get a few bucks back. I'm keeping all this for some home repairs.don’t take it all, take $3500 and roll over $1000 to next year’s bill.Just filed mine today. Always plug everything in early to see if I'm getting a refund.
Oregon had a special stockpile tax refund kicker in their budget this year and I'm getting $4,500 back from the state!!
I forecast my tax liability for the year and then track each paycheck to make sure I’m on track. I added $200 month to my withholding for 2024 as I will be done with alimony payments in April.I have whole spreadsheet where I track all of our tax-related data throughout the year to try to manage my refund/bill, so I'm always aware of my wife's withholding. When you fill out the W4 and you're the much smaller earner in a married-filed-jointly situation, it's going to withhold very little so I utilize the field for withholding extra and adjust mine.You too?I was a little aghast last year when my wife gave me her W2 and there were NO Fed taxes withheld. She hadn't worked since the twins were born in 2015, so I figured just a little oversight, not a big deal (she didn't make all that much). Had our accountant fill out a new W4 for her to give to her employer (public school district) and figured all was well.
Got her W2 this year and guess who had no Fed taxes withheld?
Gawd.
My wife started a new job last year. February-ish. I saw one of her first paychecks and said something like "they sure aren't taking out much federal. you may want to double-check your W4"
Started doing the taxes last Thursday and looked at her W2 and said out loud: "Well, we are FUUUC.............."
And we are. Huge tax bill this year. An innocent mistake but painful. I couldn't say anything of course other then let's go fix this. But man, this one reaaaaaaalllllly hurts. Bad.
Taxslayer has the same deal at a higher income capE-file your federal income tax return and state income tax return online with OnLine Taxes at OLT.COM!
Online Taxes tax preparation service provides simple, fast and secure tax preparation software and online tax help for online filing of your income tax return. Online Taxes offers both Federal income tax forms and State income tax forms for IRS efile.www.olt.com
If you make under $40K this is COMPLETELY free. Yes, that includes state.
Screw Turbotax, Taxslayer, and H & R Block.
You do have to type in your W2(oh noooze) but, worth it.
O.K. Might have been TaxAct. I think they all charge for the W2 transfer.Taxslayer has the same deal at a higher income capE-file your federal income tax return and state income tax return online with OnLine Taxes at OLT.COM!
Online Taxes tax preparation service provides simple, fast and secure tax preparation software and online tax help for online filing of your income tax return. Online Taxes offers both Federal income tax forms and State income tax forms for IRS efile.www.olt.com
If you make under $40K this is COMPLETELY free. Yes, that includes state.
Screw Turbotax, Taxslayer, and H & R Block.
You do have to type in your W2(oh noooze) but, worth it.
Someone has been filing with my daughter's name and SSN the last couple years so I'm waiting on a PIN for my daughter. I should have had it by now, but I haven't seen it. This probably means my daughter will need to call the IRS a dozen times before she can get through to someone to get her PIN.
I'm also considering waiting to see if the SALT deduction is increased for married couples. There's talks of making that a $20k limit and making it retroactive to 2023.
A SALT deduction increase would be HUGE for me. Please, please, please. Getting double taxed on friggin' property taxes...I do my own taxes (I use H&R Block software ) and have finished but am waiting to file.
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
SALT Cap Deduction Hike Test Vote Slated for House This Week (1)
Legislation that would double the state-and-local tax deduction cap for joint filers is expected to get a procedural House vote Feb. 14, according to Democrats.news.bloombergtax.com
The reaction from high tax states should have been to lower property taxes to something non-extortionary as SALT is good policy. (However we know states, particularly those high tax states, aren't going to voluntarily reduce spending, so we are where we are now). But it looks very likely that the Trump tax cuts will expire and SALT limit will go away permanently. So a bit of plus and minus monetarily there in the long term as tax brackets bump back up, too.Someone has been filing with my daughter's name and SSN the last couple years so I'm waiting on a PIN for my daughter. I should have had it by now, but I haven't seen it. This probably means my daughter will need to call the IRS a dozen times before she can get through to someone to get her PIN.
I'm also considering waiting to see if the SALT deduction is increased for married couples. There's talks of making that a $20k limit and making it retroactive to 2023.
A SALT deduction increase would be HUGE for me. Please, please, please. Getting double taxed on friggin' property taxes...I do my own taxes (I use H&R Block software ) and have finished but am waiting to file.
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
SALT Cap Deduction Hike Test Vote Slated for House This Week (1)
Legislation that would double the state-and-local tax deduction cap for joint filers is expected to get a procedural House vote Feb. 14, according to Democrats.news.bloombergtax.com
The combo of the reduced standard deduction in 2026 plus the shift in brackets from 22% to 25% and 24% to 28% will hurt. Quick math says it will cost me $7k-$9k. Good news is I turn 50 in 2026 so catch up contributions could bring the pain down ~$2k.The reaction from high tax states should have been to lower property taxes to something non-extortionary as SALT is good policy. (However we know states, particularly those high tax states, aren't going to voluntarily reduce spending, so we are where we are now). But it looks very likely that the Trump tax cuts will expire and SALT limit will go away permanently. So a bit of plus and minus monetarily there in the long term as tax brackets bump back up, too.Someone has been filing with my daughter's name and SSN the last couple years so I'm waiting on a PIN for my daughter. I should have had it by now, but I haven't seen it. This probably means my daughter will need to call the IRS a dozen times before she can get through to someone to get her PIN.
I'm also considering waiting to see if the SALT deduction is increased for married couples. There's talks of making that a $20k limit and making it retroactive to 2023.
A SALT deduction increase would be HUGE for me. Please, please, please. Getting double taxed on friggin' property taxes...I do my own taxes (I use H&R Block software ) and have finished but am waiting to file.
May not be relevant to many of us but there is a pending possible SALT deduction cap increase to $20,000 for MFJ filers with MAGI <$500k. This is retroactive for only the 2023 tax year.
There will be a procedural vote on the 14th on whether it will be allowed to come to the floor for a vote.
SALT Cap Deduction Hike Test Vote Slated for House This Week (1)
Legislation that would double the state-and-local tax deduction cap for joint filers is expected to get a procedural House vote Feb. 14, according to Democrats.news.bloombergtax.com
All that said I have finished my taxes for the most part and it looks like small refunds from state and feds. Might finally be a year I calculated stuff out right.