I can't argue with the logic behind that concept but it is sort of a ritual thing about getting that tax refund. I won't even argue the point with mental midgets, I'm fine with over paying and getting a refund instead of owing the IRS monies your not prepared to pay
You don't have to micro manage it to point of getting a zero liability/refund expectation, better to overpay a bit and get a small refund.
Different story if you make 60k and average 8k as a refund, clearly some room to rethink that, if it's like a few hundred bucks refund or owed, you done good, Edith, as Archie Bunker would say
As I slowly edge into becoming a senior citizen, I've learned when to abandon a pointless argument, not yet perfected but always in my mind
I see a lot of people's opinions on this thread and i dont think anyone is wrong about paying or owing.
Sure when you get a refund, all you are doing is getting back the 0% interest that you loaned the govt. However, some people feel more comfortable getting money back, pay more to the govt, and not be stressed about writing a check come April. Some people would rather owe in April and leave money aside for taxes. Different strokes for different folks.
I dont file my taxes until September every year. When I get a refund, i usually just apply to next years taxes just to pay taxes in. I'll even send $$ with my extension if i feel that i need to just to avoid penalties.
If I am going to sit with xxxx in my bank account, i'd rather the government hold it just so I dont have to pay interest and penalties. Should I keep that $$ aside and put into a savings account and earn interest? 100% i should. I just dont
Sure when you get a refund, all you are doing is getting back the 0% interest that you loaned the govt. However, some people feel more comfortable getting money back, pay more to the govt, and not be stressed about writing a check come April. Some people would rather owe in April and leave money aside for taxes. Different strokes for different folks.
I dont file my taxes until September every year. When I get a refund, i usually just apply to next years taxes just to pay taxes in. I'll even send $$ with my extension if i feel that i need to just to avoid penalties.
If I am going to sit with xxxx in my bank account, i'd rather the government hold it just so I dont have to pay interest and penalties. Should I keep that $$ aside and put into a savings account and earn interest? 100% i should. I just dont
gotta ...well.......gotta...get more money or decrease costs ..is the latter even possible? thrown in the towel?
/current-u-s-federal-budget-deficit-3305783-FINAL-5ba4fdf346e0fb0025bd0ce8.png)
is that bad? ...an 18 % increase, with UE BELOW 5%?..............is this level of incompetence even possible? US on pace for its largest deficit since 2011.
(haven't vetted these numbers....kinda like bar graphs, not sure why....)
an oldie but just mother fucking awesome, summer of 2018. Not sure if the chap is still employed by US govt (dont follow much..)?
L Kudrow
'as the economy gears up, more people working , better jobs and careers, those revenues come rolling in ,and the deficit which was one of the other criticisms , is coming down. And its coming down rapidly'
is that bad? ...an 18 % increase, with UE BELOW 5%?..............is this level of incompetence even possible? US on pace for its largest deficit since 2011.
(haven't vetted these numbers....kinda like bar graphs, not sure why....)
an oldie but just mother fucking awesome, summer of 2018. Not sure if the chap is still employed by US govt (dont follow much..)?
L Kudrow
'as the economy gears up, more people working , better jobs and careers, those revenues come rolling in ,and the deficit which was one of the other criticisms , is coming down. And its coming down rapidly'
It's not a *principle*. It's simply smarter use of your dollars. Even just a couple points per annum is a strong example of using The Slight Edge.
Employees' (I know you are an employer) most significant financial disadvantage is having the bulk of their income tax taken up front. Employers like us do not pay income tax until the back end
Uber drivers file a schedule c for business income and can deduct all business expenses.
They removed all miscellaneous itemized deductions that were subject to the 2% AGI threshold.
Doesn't really impact that many people and this is coming from someone who has prepared thousands of tax returns
My deductions went from $42K in 2017 to $24K in 2018. With the elimination of the exemptions too, it's costing me $1200 in state and almost $4000 in Federal. First year in forever I owed something to both. You think people are complaining now, just wait til April. It's going to be a total shit show watching the White House try to defend it.
