Agent 0 All American 5677 Posts user info edit post |
^^my company's department in charge of all this stuff has a policy of waiting till the very last minute to get these out...and the dumbest part was, they made the online version available only after they were mailed out 1/28/2008 8:42:14 AM |
CalledToArms All American 22025 Posts user info edit post |
i claimed 0 for the 7months i worked in 07. i had about 10k taken out in fed/state so im hoping to get a big refund, and obviously ive adjusted my dependencies for 08 heh. 1/28/2008 9:19:33 AM |
CalledToArms All American 22025 Posts user info edit post |
actually to follow up with that, any rough estimate %wise on the amount extra you see in your paycheck claiming 1 instead of 0? 1/28/2008 1:24:30 PM |
Dammit100 All American 17605 Posts user info edit post |
~$1800 1/29/2008 5:10:20 PM |
HUR All American 17732 Posts user info edit post |
~$1800 for federal but i still have one W2 coming in but i do not think it'll effect it much 1/31/2008 5:11:12 PM |
sd2nc All American 9963 Posts user info edit post |
$3,149 federal coming in, w00t deductions this year
Next year I'm gonna owe, just got paid and started a Savings account just for this reason. 1/31/2008 5:20:44 PM |
joe17669 All American 22728 Posts user info edit post |
What were yalls total deductions for the year? 2/1/2008 9:00:10 AM |
Sylvaa Veteran 295 Posts user info edit post |
Prior to listing deductions, $84 refund.
After listing dependents, a little over $4k back. 2/1/2008 11:58:43 AM |
eleusis All American 24527 Posts user info edit post |
my total deductions were somewhere around 20k. I need to adjust my withholdings a little more, because I still managed to get a refund this year. I'd rather be paying money than getting a refund. 2/1/2008 12:41:24 PM |
stowaway All American 11770 Posts user info edit post |
-455 feds, -180 state
2/1/2008 1:05:51 PM |
Senez All American 8112 Posts user info edit post |
strangely enough...i owe money to the feds....get back about half of that from the state. weird year for taxes 2/1/2008 1:56:01 PM |
icanread2 All American 1450 Posts user info edit post |
looking like i will be getting about $1275 or so back 2/1/2008 1:59:51 PM |
Senez All American 8112 Posts user info edit post |
time for you to adjust your withholding 2/1/2008 2:07:42 PM |
icanread2 All American 1450 Posts user info edit post |
yea yea i know 2/1/2008 2:16:24 PM |
howaboutno Veteran 471 Posts user info edit post |
Quote : | "^^^your itemized dedutions have to add up to more than the standard for it to be of any benefit.
" |
Actually most people dont realize there is a credit in North Carolina for charitable contributions. In fact most online softwares neglect the credit.2/1/2008 10:05:20 PM |
StingrayRush All American 14628 Posts user info edit post |
i wish i understood what all this shit meant 2/1/2008 11:13:07 PM |
David0603 All American 12764 Posts user info edit post |
^^ Link? 2/1/2008 11:25:13 PM |
kable333 All American 5933 Posts user info edit post |
How long does it usually take to get a check if you get a refund? 2/2/2008 4:34:55 AM |
stone All American 6003 Posts user info edit post |
my accountant is a dick! he is not creative at all. i need someone that will honestly help me figure out a way to not pay uncle sam HUGE. i will not mail that check until march 14th.
anyone ever worked with a finical planner? i need some one who will help me figure out how to not end up owing so damn much. also i need to know things i can do during they year to help me out when tax time comes.
planner or accountant? 2/2/2008 10:11:12 AM |
David0603 All American 12764 Posts user info edit post |
I have a financial planner, but he doesn't do what you are talking about.
What do you mean "creative"? Do you want him to get your ass in trouble so you get audited? You sound like those people who switch tax guys if you don't happen to get a big refund that year. If you don't want to owe so damn much you need to either pay more during the year, which is fucking stupid, or have other things to offset your income. Sell some losing stocks to offset gains. Buy a house and give stuff to charity if you want more deductions. 2/2/2008 11:05:21 AM |
BigBlueRam All American 16852 Posts user info edit post |
does anyone know how or if it's even possible to carry over deductions from one year to the next? specifically mortgage interest and charitable donations... 2/2/2008 1:17:23 PM |
David0603 All American 12764 Posts user info edit post |
No, pretty sure you can't. You can kind of do the exact opposite by prepaying your January mortgage in Dec but that's about it as far as I know. 2/2/2008 2:07:06 PM |
cyrion All American 27139 Posts user info edit post |
bout 1600 for me. not so bad. 2/2/2008 2:31:44 PM |
pfcvo Veteran 168 Posts user info edit post |
about $1650. Calculated my net pay + my income taxes - medicare/ss = fed/state only took out ~$140 from my earnings. 2/2/2008 2:35:50 PM |
roddy All American 25833 Posts user info edit post |
looks like I will get around 400 back, and I will not adjust my withholdings, i would rather get money back then have to pay(like i had to do for both last year, so I adjusted them). I mean, 400, wow, all that interest I am missing out on.... 2/2/2008 2:47:31 PM |
ScHpEnXeL Suspended 32613 Posts user info edit post |
Maybe $300.... I was hoping for more since I paid fucking $10K in mortgage interest last year bbbbut guess not
[Edited on February 2, 2008 at 4:36 PM. Reason : and bought around march/april] 2/2/2008 4:36:11 PM |
stone All American 6003 Posts user info edit post |
Quote : | " What do you mean "creative"? Do you want him to get your ass in trouble so you get audited? You sound like those people who switch tax guys if you don't happen to get a big refund that year. If you don't want to owe so damn much you need to either pay more during the year, which is fucking stupid, or have other things to offset your income. Sell some losing stocks to offset gains. Buy a house and give stuff to charity if you want more deductions." |
when i say creative i want someone who is going to ask me questions and tell me of potential deductions that i have not considered. right now i do all the work and research and he only plugs in my numbers. that is not helpful. i can do that on my own and not pay him 250 bucks an hour.
i would not switch tax guys because i don't get a big refund. i will switch tax guys because mine is not even making an effort to help the situation.
selling losing stocks right now would be stupid. the stocks i have that have fallen will come back up and it is smarter to keep them and wait instead of dumping to pay taxes.
i own a primary and a rental already. we do not have kids yet but are trying. i have given 12% of my total income to charity according to quicken. the problem is i have been claiming 2 on my income taxes so i would not get money back. instead i had a jump in income this year that is to significant to to be washed with only 48K in deductions (keep i mind mileage alone is 26K).2/2/2008 5:10:18 PM |
David0603 All American 12764 Posts user info edit post |
If you already give him necessary information about deductions for mileage, mortgage interest, chartable contributions, etc. what more do you expect? 2/2/2008 6:22:57 PM |
stone All American 6003 Posts user info edit post |
hell i figured out on my own that i could deduct the interest on my vehicle on top of the mileage. that little detail there was worth 3K in deduction right there. i suppose i expect him to be the expert and the one that knows the laws. not me stumbling upon them. 2/2/2008 9:38:26 PM |
David0603 All American 12764 Posts user info edit post |
So find a new tax guy. 2/2/2008 9:53:33 PM |
Chillin056 All American 6616 Posts user info edit post |
i thought i would get money back from donating to charity. ha ! 2/2/2008 10:46:07 PM |
howaboutno Veteran 471 Posts user info edit post |
Here is the link to getting a credit in NC for charitable contributions:
http://www.dornc.com/taxes/individual/charity.html 2/4/2008 10:25:10 PM |
howaboutno Veteran 471 Posts user info edit post |
Quote : | "hell i figured out on my own that i could deduct the interest on my vehicle on top of the mileage. that little detail there was worth 3K in deduction right there. i suppose i expect him to be the expert and the one that knows the laws. not me stumbling upon them. " |
I am not completely sure about this statement. Generally, people will either take mileage or actual expenses. I am unsure how interest factors into it.2/4/2008 10:29:54 PM |
budman97420 All American 4126 Posts user info edit post |
530 and 60
Can't file till the 11th though because congress didnt get there shit together with AMT tax law this year (for some reason the form for education credits is impacted by this). 2/4/2008 10:48:08 PM |
LetsTAILGATE All American 2331 Posts user info edit post |
yeah so what is the deal for feb 11th and congress? 2/5/2008 2:15:18 AM |
beergolftile All American 9030 Posts user info edit post |
3861 fed
1000 state 2/5/2008 7:27:56 AM |
Senez All American 8112 Posts user info edit post |
what the...
that's insane 2/5/2008 8:06:14 AM |
beergolftile All American 9030 Posts user info edit post |
i bought a house mid year, had 10K in interest and then another 8K in mileage (my car allowance is taxable income)
i really didn't want to adjust my witholdings mid year, id rather let it play out and then see how i can best optimize the witholdings for a full year. 2/5/2008 9:05:21 AM |
QTPie All American 7496 Posts user info edit post |
I paid entirely too much, so ..... a lot Yay 2/5/2008 8:19:21 PM |
Seotaji All American 34244 Posts user info edit post |
time for compound interest. i was going to say plasma tv, but there's no point. 2/5/2008 9:32:36 PM |
QTPie All American 7496 Posts user info edit post |
that was last week 2/5/2008 10:09:41 PM |
Seotaji All American 34244 Posts user info edit post |
got any plasma's you want to donate?
[Edited on February 5, 2008 at 10:38 PM. Reason : eh] 2/5/2008 10:37:35 PM |
sd2nc All American 9963 Posts user info edit post |
I think I just got pwnt by my 2005 return. Back taxes ftl. 2/8/2008 1:37:19 PM |
miska All American 22242 Posts user info edit post |
federal: +$207 state= -$50
I filed on the 2nd and got them back last night. woot 2/8/2008 3:12:21 PM |
steviewonder All American 6194 Posts user info edit post |
got mine back last night, filed them the last week of january. direct deposit 2/8/2008 3:23:04 PM |
Senez All American 8112 Posts user info edit post |
you can file state without filing feds right?
i owe the feds, but get money from NC 2/8/2008 3:31:18 PM |
sd2nc All American 9963 Posts user info edit post |
Yep, I def. got pwnt by 2005 2/8/2008 3:37:51 PM |
kable333 All American 5933 Posts user info edit post |
$400
Single, no dependents.
I was going to get a cool grand back (main job income last year < $20000), but the other earnings through my soccer referee gig and the unemployment I received brought my refund down b/c no federal taxes were held.
At least I don't owe any money this year. Hopefully, next year will be the same. 2/8/2008 10:16:20 PM |
Dave All American 2866 Posts user info edit post |
42 dollars. Fuck giving uncle sam an interest free loan. 2/8/2008 10:18:43 PM |
LetsTAILGATE All American 2331 Posts user info edit post |
noone answered my querstion. They took out 272 from federal and 137 from state with one job....other job they took out 75 and 32. Both these jobs totals were less than 5 grand for the year. Should I get all that back? I also pay my own tuition, car payment, etc. etc. What advice can you give me? also if I do turbo tax I SHOULD get it back before February 29th right? 2/10/2008 10:38:18 PM |