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View Poll Results: What are you getting/owing the government for 2018?
I owe the government > $5000 1 1.20%
I owe the government > $1000 9 10.84%
I owe the government $101-999 4 4.82%
I nailed my withholding EXACTLY +/- $100 because I am a wizard 5 6.02%
I loaned the government $101-999 13 15.66%
I loaned the government > $1000 39 46.99%
I loaned the government > $5000 12 14.46%
Voters: 83. You may not vote on this poll

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Old 01-23-2019, 03:13 PM   #51
VpointVick
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Originally Posted by 96accord View Post
I also haven't got mine yet. Supposed to be this Friday (1/25) we will get our W2's.

Why are people in such a hurry to get their forms/money back?
Why are people in a hurry to get money back? That's what I read, but I really can't believe that that's what you meant to type.
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Old 01-23-2019, 03:15 PM   #52
ak ryda
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$4858 coming in the Brinks truck.

Claim as single / no dependents, but file as HOH and one dependent. I like getting the money back at the beginning of the year since my income is heavily impacted by overtime during the construction season (March - November). I don't use the money for anything, and makes the couple months of normal salary between the holidays and construction season easier to stomach.
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Old 01-23-2019, 03:15 PM   #53
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Quote:
Originally Posted by 96accord View Post
Why are people in such a hurry to get their forms/money back?
Because this:

Quote:
Originally Posted by vapore0n View Post
BIL is complaining that he is getting 3k less, or just 3k, out of the regular 10k.

The problem with that? He already spent it on a vacation last Nov
I got my paper W-2 in the mail the other day. Isn't showing up online yet. The rate limiting step still is Betterment, which will open up TurboTax import on Feb 15, 2019.
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Old 01-23-2019, 03:20 PM   #54
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Quote:
Originally Posted by VpointVick View Post
Why are people in a hurry to get money back? That's what I read, but I really can't believe that that's what you meant to type.
96accord is 30 something going on 70 something.
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Old 01-23-2019, 03:22 PM   #55
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Quote:
Originally Posted by 96accord View Post
I also haven't got mine yet. Supposed to be this Friday (1/25) we will get our W2's.

Why are people in such a hurry to get their forms/money back?
Youíre asking why people are in such a hurry to get money? This canít be a serious question.


Read this morning that IRS employees are being allowed to stay home until the shutdown ends which could severely slow down how quickly people receive their tax refund.

ďItís my money and I want it now!Ē
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Old 01-23-2019, 03:23 PM   #56
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Quote:
Originally Posted by 96accord View Post
I also haven't got mine yet. Supposed to be this Friday (1/25) we will get our W2's.

Why are people in such a hurry to get their forms/money back?
Its just something to get done and over with, im also curious how the new rules are going to affect us.
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Old 01-23-2019, 03:52 PM   #57
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Still waiting on a couple W2s

Haven't even bothered entering the other crap we already have yet.
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Old 01-23-2019, 04:04 PM   #58
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Quote:
Originally Posted by godfather2112 View Post
Youíre asking why people are in such a hurry to get money? This canít be a serious question.


Read this morning that IRS employees are being allowed to stay home until the shutdown ends which could severely slow down how quickly people receive their tax refund.

ďItís my money and I want it now!Ē
That's why I filed ASAP. I figure I am ahead of 99% of the US as far as the waiting goes.
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Old 01-23-2019, 05:03 PM   #59
Integra96
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Still waiting on 1099 but about $4k refund expected so far.
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Old 01-23-2019, 06:57 PM   #60
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What's up with the half page 1040? I thought IRS didn't finish making it before the shutdown but just found out that I need 3 extra schedules just to do the same thing as last year's 1040.
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Old 01-23-2019, 07:46 PM   #61
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Quote:
Originally Posted by johnnyb View Post
That's why I filed ASAP. I figure I am ahead of 99% of the US as far as the waiting goes.
yeah. we filed a few days ago. Getting something like 9k back
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Old 01-23-2019, 09:27 PM   #62
BigWrecKs
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Got bumped up to a new tax bracket this year...was expecting a little bit of a return with the new tax code but...I ended up owing ~$350
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Old 01-23-2019, 10:13 PM   #63
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Originally Posted by BigWrecKs View Post
Got bumped up to a new tax bracket this year...was expecting a little bit of a return with the new tax code but...I ended up owing ~$350

1) Refund.
2) Do you get how tax brackets work?
3) Refund.
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Old 01-23-2019, 10:57 PM   #64
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Quote:
Originally Posted by BigWrecKs View Post
Got bumped up to a new tax bracket this year...was expecting a little bit of a return with the new tax code but...I ended up owing ~$350
I reckon that you already had a little bit of a return and that's what you filled out and sent to the IRS. You thought that you might get a little bit of a refund, but you were mistaken.


See also - brackets, learn how they work.
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Old 01-23-2019, 11:16 PM   #65
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Got a bracket bump, but this year I had a son, and get to claim my daughter, so that was nice.

tossing that money into savings for my next purchase.
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Old 01-24-2019, 08:49 AM   #66
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Originally Posted by hkerekes View Post
I havent gotten any of the relevant tax forms.
Only waiting on my mortgage company.
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Old 01-24-2019, 09:11 AM   #67
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Just got my W2, I think that's everything.
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Old 01-24-2019, 10:08 AM   #68
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Quote:
Originally Posted by VpointVick View Post
Why are people in a hurry to get money back? That's what I read, but I really can't believe that that's what you meant to type.
You read it correctly. I guess people rely on that money every year. I'm fortunate enough to not rely on/expect that money every year.

Quote:
Originally Posted by shikataganai View Post
Because this:
So they want their tax return because they already spent the money... Shouldn't spend it unless you have it already.

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Originally Posted by johnnyb View Post
96accord is 30 something going on 70 something.
I'm 33 (34 in August). Quit stirring the pot Johnny!

Quote:
Originally Posted by godfather2112 View Post
Youíre asking why people are in such a hurry to get money? This canít be a serious question.
Yes I asked that question. I guess I don't rely on that money so whenever I get it... I get it. Not in a rush.
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Old 01-24-2019, 10:19 AM   #69
fivepointnine
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I hit a new bracket this year, between that and the new tax code meant that my tax refund was cut roughly in half this year. The money is not a huge factor but it is nice to have some extra to dump on the cc and put in savings.
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Old 01-24-2019, 10:26 AM   #70
VpointVick
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Quote:
Originally Posted by 96accord View Post
You read it correctly. I guess people rely on that money every year. I'm fortunate enough to not rely on/expect that money every year.



So they want their tax return because they already spent the money... Shouldn't spend it unless you have it already.



I'm 33 (34 in August). Quit stirring the pot Johnny!



Yes I asked that question. I guess I don't rely on that money so whenever I get it... I get it. Not in a rush.
Even if you're not relying on it do you necessarily want to wait around for someone to give it to you? It's your money! The sooner you have it the sooner that you can choose to do whatever it is that you want to do with it. Looks like you've latched onto the idea that people have already spent it but lets set that aside and I'll give you another example.

If you have your money rather than the Gov then perhaps you can make that hot tip stock buy that ends up earning you huge dividends that you might have missed had you not had the cash in hand at that moment. Maybe you might have missed an opportunity for a smokin' deal on a new home purchase because you didn't have enough cash on hand for the down.

I can't think of a single reason that I wouldn't want to have my money in my hands asap and would instead rather the Gov or whomever earning interest on it rather than me.
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Old 01-24-2019, 11:15 AM   #71
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Originally Posted by VpointVick View Post
If you have your money rather than the Gov then perhaps you can make that hot tip stock buy that ends up earning you huge dividends that you might have missed had you not had the cash in hand at that moment. Maybe you might have missed an opportunity for a smokin' deal on a new home purchase because you didn't have enough cash on hand for the down.

I can't think of a single reason that I wouldn't want to have my money in my hands asap and would instead rather the Gov or whomever earning interest on it rather than me.
This. if you have it in your pocket sooner you can invest it sooner, or spend it since that's what most people will do anyways. I'd rather have it in an account that will pay me interest than an account that won't.

I was lucky and got back $27 federally and $18 state! I was shocked when I got so close to 0, especially last year after I owed $3000
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Old 01-24-2019, 11:22 AM   #72
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Quote:
Originally Posted by fivepointnine View Post
I hit a new bracket this year, between that and the new tax code meant that my tax refund was cut roughly in half this year. The money is not a huge factor but it is nice to have some extra to dump on the cc and put in savings.
How do you think "hit a new bracket" affects your effective tax rate? Because it certainly wouldn't cut your return in half. Having less credits or deductions, and withholding at a different rate however will.
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Old 01-24-2019, 12:05 PM   #73
fivepointnine
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Originally Posted by TheViking85 View Post
How do you think "hit a new bracket" affects your effective tax rate? Because it certainly wouldn't cut your return in half. Having less credits or deductions, and withholding at a different rate however will.
Absolutely nothing changed with my withholdings or deductions, just made more money this year. Even used the exact same tax program.
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Old 01-24-2019, 12:19 PM   #74
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Every year this thread brings all the people who don't understand tax brackets out of the woodwork. It's like a Pied Piper for numerical illiteracy.
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Old 01-24-2019, 12:50 PM   #75
shikataganai
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I haven't looked at this (because I don't need to), but a lot of y'all need to find Jesus in book-learnin'

https://www.khanacademy.org/economic...ssive-taxation
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