Current Events > Tax returns are much smaller this year

(+) Yeah! (+)

Anyone else blindsided? Because I definitely was lol Significant drop

https://savingtoinvest.com/why-is-my-tax-refund-so-low-compared-to-prior-years/

A lower refund is good.

Trickfinger posted...

A lower refund is good.

Trickfinger spittin truth here

Fed I received $162
State I broke even
City I owe $6

But Ive opted to have more $ in every check instead of a lump tax return, I just save throughout the year and probably save more than I would get come tax time

I owed like $1,500+

I wish I got a small tax return or even just broke even.

.__.

Had a custody case that pretty much drained my finances last year. Was hoping for more of a helpful bounce back. I got my kid but I lost my savings lol the savings I would use to pay for the kid lol

It's so dumb this even needs to be said. Yeah, we got lots of free covid money. That stopped. Of course they won't be as big as last year.

Mine was higher. Most of the people I see complaining about this got the child tax credit but didn't even bother to look up what it actually did so they got a lower return.

Irony posted...

Mine was higher. Most of the people I see complaining about this got the child tax credit but didn't even bother to look up what it actually did so they got a lower return.

The way you worded this, I don't understand. Can you elaborate por favor?

KrayzieBonezz posted...

Had a custody case that pretty much drained my finances last year

damn wife/gf. took all his money.

on topic, i don't get tax refunds :(. though i get 300$ kickback from relative for helping out.

going to get me a nice TV with it ( waiting till i can find the right price and NOT go for a hi-sense). the quality in picture really sucks compared to a samsung, LG or toshiba.

kingdrake2 posted...

damn wife/gf. took all his money.

lol I accept the situation. I'm the primary parent now but still....I had a strong savings lol