Current Events > Taxes. Do you normally owe or get money back?

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wackyteen 04/17/24 6:40:14 PM #1:	Which? - Results (97 votes) Owe both state and federal 7.22% (7 votes) 7 Owe state, get federal back 6.19% (6 votes) 6 Owe federal, get state back 10.31% (10 votes) 10 Get money back from State and Federal 59.79% (58 votes) 58 I live in an insane society that only takes what you owe and nothing more 2.06% (2 votes) 2 I don't have taxes coming out of my income and pay all my taxes at once 0% (0 votes) 0 None of my earned, legal income is taxed/taxable (ie disability) 2.06% (2 votes) 2 I have never earned money from a job/legally 6.19% (6 votes) 6 Other 6.19% (6 votes) 6 The due date was a couple days ago. I have only ever been employed by the United States Federal Government and I have always gotten money back from them. So not only do they give me a paycheck paid for by taxes, they take some of that money back in taxes, and take too much out and thus have to give me money back at the end of the year. Truly the most government of logic. --- The name is wackyteen for a reason. Never doubt. <cite>wackyteen posted [p:979966121] in Taxes. Do ... [t:80749742]...</cite> <quote> Which? - Results (97 votes) Owe both state and federal 7.22% (7 votes) 7 Owe state, get federal back 6.19% (6 votes) 6 Owe federal, get state back 10.31% (10 votes) 10 Get money back from State and Federal 59.79% (58 votes) 58 I live in an insane society that only takes what you owe and nothing more 2.06% (2 votes) 2 I don't have taxes coming out of my income and pay all my taxes at once 0% (0 votes) 0 None of my earned, legal income is taxed/taxable (ie disability) 2.06% (2 votes) 2 I have never earned money from a job/legally 6.19% (6 votes) 6 Other 6.19% (6 votes) 6 Show Voting Form The due date was a couple days ago. I have only ever been employed by the United States Federal Government and I have always gotten money back from them. So not only do they give me a paycheck paid for by taxes, they take some of that money back in taxes, and take too much out and thus have to give me money back at the end of the year. Truly the most government of logic. </quote> ... Copied to Clipboard!
FL81 04/17/24 6:41:29 PM #2:	got $11 back from federal owed nearly $400 to state --- https://i.imgur.com/TGkNCva.gif https://i.imgur.com/8mWCvA4.gif <cite>FL81 posted [p:979966141] in Taxes. Do ... [t:80749742]...</cite> <quote>got $11 back from federalowed nearly $400 to state </quote> ... Copied to Clipboard!
GeminiDeus 04/17/24 6:42:02 PM #3:	I've managed to always get back money from both ever since I first started needing to file my taxes. I get back less than $1000 total, but I'm certainly not complaining. --- Without truth, there is nothing. <cite>GeminiDeus posted [p:979966147] in Taxes. Do ... [t:80749742]...</cite> <quote>I've managed to always get back money from both ever since I first started needing to file my taxes. I get back less than $1000 total, but I'm certainly not complaining. </quote> ... Copied to Clipboard!
wackyteen 04/17/24 6:42:26 PM #4:	FL81 posted... got $11 back from federal owed nearly $400 to state Wow $11, can't even buy the Cantina Chicken Quesadilla meal from Taco Bell for that lmao --- The name is wackyteen for a reason. Never doubt. <cite>wackyteen posted [p:979966155] in Taxes. Do ... [t:80749742]...</cite> <quote>FL81 posted... </cite><quote>got $11 back from federalowed nearly $400 to state</quote>Wow $11, can't even buy the Cantina Chicken Quesadilla meal from Taco Bell for that lmao </quote> ... Copied to Clipboard!
Phoro 04/17/24 6:43:03 PM #5:	Normally I get some cash back, but this year I had to pay a few bucks --- *It's called the American Dream because you have to be asleep to believe it.* - George Carlin <cite>Phoro posted [p:979966165] in Taxes. Do ... [t:80749742]...</cite> <quote>Normally I get some cash back, but this year I had to pay a few bucks </quote> ... Copied to Clipboard!
emblem-man 04/17/24 6:44:45 PM #6:	Usually get back a little bit I think I got back like $100 in state this year. Got back 2200 or something in Federal. The 2k was from child tax credit, so I was close to breaking even if not for that. --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem-man posted [p:979966193] in Taxes. Do ... [t:80749742]...</cite> <quote>Usually get back a little bitI think I got back like $100 in state this year.Got back 2200 or something in Federal. The 2k was from child tax credit, so I was close to breaking even if not for that. </quote> ... Copied to Clipboard!
Jagr_68 04/17/24 6:45:03 PM #7:	I always owe money to fucking state whereas the fed gives me extra on top of my regular paycheck since I'm also a fed. Fuck the states. --- New York Rangers [2004-2008] https://media.giphy.com/media/WvQHBYW0q4TuxdAg61/giphy.gif https://psnprofiles.com/Jaromiroquai68 <cite>Jagr_68 posted [p:979966198] in Taxes. Do ... [t:80749742]...</cite> <quote>I always owe money to fucking state whereas the fed gives me extra on top of my regular paycheck since I'm also a fed.Fuck the states. </quote> ... Copied to Clipboard!
uwnim 04/17/24 6:46:13 PM #8:	Get money back from federal, dont have state income tax --- I want a pet Lavos Spawn. [Order of the Cetaceans: Phocoena dioptrica] <cite>uwnim posted [p:979966214] in Taxes. Do ... [t:80749742]...</cite> <quote>Get money back from federal, dont have state income tax </quote> ... Copied to Clipboard!
nekrodev 04/17/24 6:46:39 PM #9:	I generally get a refund, tho it's not always great. I have owed a few times, especially in the last few years due to the dumb changes in regards to claims. --- "To be, or not to be - there is no such question. To be! But to be what...?" FFBE friend ID - 432.640.287 - nekrodev <cite>nekrodev posted [p:979966223] in Taxes. Do ... [t:80749742]...</cite> <quote>I generally get a refund, tho it's not always great. I have owed a few times, especially in the last few years due to the dumb changes in regards to claims. </quote> ... Copied to Clipboard!
Kai_Laguna 04/17/24 6:47:43 PM #10:	I normally get sub $100 back on both state and federal. I put in enough effort to minimize what I'm paying the government but also not enough effort to not round up on my math. <cite>Kai_Laguna posted [p:979966238] in Taxes. Do ... [t:80749742]...</cite> <quote>I normally get sub $100 back on both state and federal. I put in enough effort to minimize what I'm paying the government but also not enough effort to not round up on my math.</quote> ... Copied to Clipboard!
PeteyParker 04/17/24 6:48:53 PM #11:	Get money back although not as much since I live in a state that Trump fucked over for SALT with his permanent tax cuts to the wealthy and corporations. --- "How can.. the Prime minister.. support a law.. that makes it illegal for people.. who....What I'm trying to say is.. Oasis rules!" <cite>PeteyParker posted [p:979966258] in Taxes. Do ... [t:80749742]...</cite> <quote>Get money back although not as much since I live in a state that Trump fucked over for SALT with his permanent tax cuts to the wealthy and corporations. </quote> ... Copied to Clipboard!
ironman2009 04/17/24 6:49:28 PM #12:	blame your employers for not holding proper withholding. anyway, i have even returns or get a small amount back from fed and state is even. --- THRILLHO <cite>ironman2009 posted [p:979966269] in Taxes. Do ... [t:80749742]...</cite> <quote>blame your employers for not holding proper withholding.anyway, i have even returns or get a small amount back from fed and state is even. </quote> ... Copied to Clipboard!
theAteam 04/17/24 6:50:14 PM #13:	Got put in the wrong bracket this year so we owed about $4000 federal. After deductions we still owed about $3000. Luckily we got back almost exactly the same amount from state taxes also due to a clerical fuckup. We ended up getting ~$100 back at the end. Usually I get a small refund. --- Buffalo Bills <cite>theAteam posted [p:979966276] in Taxes. Do ... [t:80749742]...</cite> <quote>Got put in the wrong bracket this year so we owed about $4000 federal. After deductions we still owed about $3000. Luckily we got back almost exactly the same amount from state taxes also due to a clerical fuckup. We ended up getting ~$100 back at the end.Usually I get a small refund. </quote> ... Copied to Clipboard!
sabin017 04/17/24 6:53:47 PM #14:	I either owe a sliver or receive a sliver. --- https://i.imgur.com/TWsfIIj.gif <cite>sabin017 posted [p:979966333] in Taxes. Do ... [t:80749742]...</cite> <quote>I either owe a sliver or receive a sliver. </quote> ... Copied to Clipboard!
wackyteen 04/17/24 6:59:42 PM #15:	ironman2009 posted... blame your employers for not holding proper withholding. anyway, i have even returns or get a small amount back from fed and state is even. I mostly just find it some level of funny that they give me their money then immediately take some of that money back instead of just paying me less to begin with. --- The name is wackyteen for a reason. Never doubt. <cite>wackyteen posted [p:979966418] in Taxes. Do ... [t:80749742]...</cite> <quote>ironman2009 posted... </cite><quote>blame your employers for not holding proper withholding.anyway, i have even returns or get a small amount back from fed and state is even.</quote>I mostly just find it some level of funny that they give me their money then immediately take some of that money back instead of just paying me less to begin with. </quote> ... Copied to Clipboard!
modena 04/17/24 7:00:48 PM #16:	uwnim posted... Get money back from federal, dont have state income tax --- I'm surrounded <cite>modena posted [p:979966435] in Taxes. Do ... [t:80749742]...</cite> <quote>uwnim posted... </cite><quote>Get money back from federal, dont have state income tax</quote> </quote> ... Copied to Clipboard!
Kuuko 04/17/24 7:05:11 PM #17:	If you are consistently owing a lot or getting a lot back then your withholding is wrong. If you work a regular W-2 job you can fix that easily. If you get income outside of a W-2 then it can get more complicated but it's still something you can correct if you feel like it. It's not a big deal if you owe and it's under the safe harbor rules so you don't get penalized. But if you're consistently getting money back then that's money that you were supposed to have during the year, and you accidentally gave the government an interest-free loan. --- https://i.imgur.com/dzGMd.png <cite>Kuuko posted [p:979966506] in Taxes. Do ... [t:80749742]...</cite> <quote>If you are consistently owing a lot or getting a lot back then your withholding is wrong. If you work a regular W-2 job you can fix that easily. If you get income outside of a W-2 then it can get more complicated but it's still something you can correct if you feel like it.It's not a big deal if you owe and it's under the safe harbor rules so you don't get penalized. But if you're consistently getting money back then that's money that you were supposed to have during the year, and you accidentally gave the government an interest-free loan. </quote> ... Copied to Clipboard!
thronedfire2 04/17/24 7:09:36 PM #18:	I've been getting money back from both ever since I started having health insurance I used to always take the state penalty because it was cheaper than insurance --- I could see you, but I couldn't hear you You were holding your hat in the breeze Turning away from me In this moment you were stolen... <cite>thronedfire2 posted [p:979966576] in Taxes. Do ... [t:80749742]...</cite> <quote>I've been getting money back from both ever since I started having health insuranceI used to always take the state penalty because it was cheaper than insurance </quote> ... Copied to Clipboard!
BewmHedshot 04/17/24 7:10:39 PM #19:	I generally get an inconsequential amount of refund. <cite>BewmHedshot posted [p:979966588] in Taxes. Do ... [t:80749742]...</cite> <quote>I generally get an inconsequential amount of refund.</quote> ... Copied to Clipboard!
Irony 04/17/24 7:10:45 PM #20:	I always get money back This year I'm not sure how much I'm going to get back because I no longer have health insurance through my employer I got it from the marketplace with a subsidy. --- See profile pic <cite>Irony posted [p:979966589] in Taxes. Do ... [t:80749742]...</cite> <quote>I always get money backThis year I'm not sure how much I'm going to get back because I no longer have health insurance through my employer I got it from the marketplace with a subsidy. </quote> ... Copied to Clipboard!
Son_Of_Spam 04/17/24 7:11:23 PM #21:	I usually put money in my retirement at tax time, so I owe initially, but then get money back if I invest that year. So usually a return of about $500 or so. Or I pay in about $50-100 if I can't afford to invest that year. --- 20 years on Gamefaqs, and I still don't have a signature. <cite>Son_Of_Spam posted [p:979966599] in Taxes. Do ... [t:80749742]...</cite> <quote>I usually put money in my retirement at tax time, so I owe initially, but then get money back if I invest that year. So usually a return of about $500 or so. Or I pay in about $50-100 if I can't afford to invest that year. </quote> ... Copied to Clipboard!
Miquella 04/17/24 7:14:17 PM #22:	I normally get money back from both state and federal, but omg so much is withheld. I could change it and get more throughout the year to make things even, but I always look forward to my refund. --- I am Lord Miquella. Google me, *****! <cite>Miquella posted [p:979966638] in Taxes. Do ... [t:80749742]...</cite> <quote>I normally get money back from both state and federal, but omg so much is withheld. I could change it and get more throughout the year to make things even, but I always look forward to my refund. </quote> ... Copied to Clipboard!
BDSMKane 04/17/24 7:17:12 PM #23:	Kuuko posted... If you are consistently owing a lot or getting a lot back then your withholding is wrong. If you work a regular W-2 job you can fix that easily. If you get income outside of a W-2 then it can get more complicated but it's still something you can correct if you feel like it. It's not a big deal if you owe and it's under the safe harbor rules so you don't get penalized. But if you're consistently getting money back then that's money that you were supposed to have during the year, and you accidentally gave the government an interest-free loan. Just want to emphasize this. --- No matter our origin, we are all one family, we all share one planet, and we all need to feel loved and accepted. We are more alike than different. <cite>BDSMKane posted [p:979966696] in Taxes. Do ... [t:80749742]...</cite> <quote>Kuuko posted... </cite><quote>If you are consistently owing a lot or getting a lot back then your withholding is wrong. If you work a regular W-2 job you can fix that easily. If you get income outside of a W-2 then it can get more complicated but it's still something you can correct if you feel like it.It's not a big deal if you owe and it's under the safe harbor rules so you don't get penalized. But if you're consistently getting money back then that's money that you were supposed to have during the year, and you accidentally gave the government an interest-free loan.</quote>Just want to emphasize this. </quote> ... Copied to Clipboard!
furb 04/17/24 7:19:28 PM #24:	Federal yes State no I withold my earnings but the past few years I've owed the state. I just take the standard deduction. I don't care about withholding part. I don't like fussing with taxes. I just import my w2 and a half hour later I am done. Time can be measured in money and money in time. The time and hassle it saves me is worth compared to whatever extra I might eek out not withholding. --- You know how fads are. Today it's brains, tomorrow, pierced tongues. Then the next day, pierced brains. -Jane Lane <cite>furb posted [p:979966733] in Taxes. Do ... [t:80749742]...</cite> <quote>Federal yesState noI withold my earnings but the past few years I've owed the state.I just take the standard deduction. I don't care about withholding part. I don't like fussing with taxes. I just import my w2 and a half hour later I am done.Time can be measured in money and money in time. The time and hassle it saves me is worth compared to whatever extra I might eek out not withholding. </quote> ... Copied to Clipboard!
Bugmeat 04/17/24 7:23:42 PM #25:	I always get money back. --- It's not a war crime the first time. <cite>Bugmeat posted [p:979966808] in Taxes. Do ... [t:80749742]...</cite> <quote>I always get money back. </quote> ... Copied to Clipboard!
wackyteen 04/17/24 7:28:07 PM #26:	i hope the one person living in an insane society finds their way to a sane one --- The name is wackyteen for a reason. Never doubt. <cite>wackyteen posted [p:979966884] in Taxes. Do ... [t:80749742]...</cite> <quote>i hope the one person living in an insane society finds their way to a sane one </quote> ... Copied to Clipboard!
MangaBroski 04/17/24 7:34:36 PM #27:	Ive owed a few times, usually I get money back. The times I owed was when I worked out of state (I was in Florida which I heard didnt even have state taxes ? It was over a decade ago so I dont remember much other than I owed), when I didnt have insurance but also didnt have money to enroll in an insurance policy, and then again when I was enrolled but my employment changed right after I registered for insurance so I ended up not paying as much as I should have been paying monthly on my marketplace insurance and owed money for that. <cite>MangaBroski posted [p:979966992] in Taxes. Do ... [t:80749742]...</cite> <quote>Ive owed a few times, usually I get money back.The times I owed was when I worked out of state (I was in Florida which I heard didnt even have state taxes ? It was over a decade ago so I dont remember much other than I owed), when I didnt have insurance but also didnt have money to enroll in an insurance policy, and then again when I was enrolled but my employment changed right after I registered for insurance so I ended up not paying as much as I should have been paying monthly on my marketplace insurance and owed money for that.</quote> ... Copied to Clipboard!
leonkr41138 04/17/24 7:36:52 PM #28:	I get a full refund every year --- Ok kupo <cite>leonkr41138 posted [p:979967038] in Taxes. Do ... [t:80749742]...</cite> <quote>I get a full refund every year </quote> ... Copied to Clipboard!
Cuticrusader09 04/17/24 7:50:06 PM #29:	Usually we owed federal and got a small amount back from the state. My husbands job did something different with his stock grants this year (they auto vested since hes old) so he got taxed at the get go so we are getting a refund this year. <cite>Cuticrusader09 posted [p:979967264] in Taxes. Do ... [t:80749742]...</cite> <quote>Usually we owed federal and got a small amount back from the state. My husbands job did something different with his stock grants this year (they auto vested since hes old) so he got taxed at the get go so we are getting a refund this year. </quote> ... Copied to Clipboard!
CervusCanadensi 04/17/24 7:52:20 PM #30:	I normally get between ~700-1200 back But now that I have a big boy job I pay each year. This year I paid $4200 <cite>CervusCanadensi posted [p:979967312] in Taxes. Do ... [t:80749742]...</cite> <quote>I normally get between ~700-1200 backBut now that I have a big boy job I pay each year. This year I paid $4200</quote> ... Copied to Clipboard!
tankboy 04/17/24 8:03:39 PM #31:	Owed 1k federal, got back 500 state, which I consider getting it right on the dot. <cite>tankboy posted [p:979967539] in Taxes. Do ... [t:80749742]...</cite> <quote>Owed 1k federal, got back 500 state, which I consider getting it right on the dot.</quote> ... Copied to Clipboard!
Giacomo_Hawkins 04/17/24 8:06:56 PM #32:	Get money back about 2/3 of the time, owe money about 1/3 of the time. Generally not much in either direction. Both federal and "state" --- Will the little voice in the back of my mind screaming "This is a bad idea" please yield the floor. --Mikey Chivalry be hanged, and so will you. <cite>Giacomo_Hawkins posted [p:979967581] in Taxes. Do ... [t:80749742]...</cite> <quote>Get money back about 2/3 of the time, owe money about 1/3 of the time. Generally not much in either direction.Both federal and "state" </quote> ... Copied to Clipboard!
UnsteadyOwl 04/17/24 8:08:49 PM #33:	FL81 posted... got $11 back from federal owed nearly $400 to state I actually owed exactly $11 on federal this year. So I guess you got my $11. I ended up getting a little over $400 from the state. 2023 was the first full year I lived in MA so I don't have any other years to compare it to. --- "It is possible to commit no mistakes and still lose. That is not a weakness. That is life." <cite>UnsteadyOwl posted [p:979967616] in Taxes. Do ... [t:80749742]...</cite> <quote>FL81 posted... </cite><quote>got $11 back from federalowed nearly $400 to state</quote>I actually owed exactly $11 on federal this year. So I guess you got my $11.I ended up getting a little over $400 from the state. 2023 was the first full year I lived in MA so I don't have any other years to compare it to. </quote> ... Copied to Clipboard!
ironman2009 04/17/24 8:19:16 PM #34:	wackyteen posted... I mostly just find it some level of funny that they give me their money then immediately take some of that money back instead of just paying me less to begin with. they aren't "taking" your money per se (your employers i mean), they are holding it for you to ensure your taxes get paid. it's not like they can just spend it willy nilly, they report everything to the state/fed (atleast they should) and have to have those funds available at all times. depending on what kind of work you do/who your employers are, they don't really need to hold it at all, but that's something you have to work out with your individual employer. wouldn't recommend that though unless you really are on top of what your income is and aware of your tax rates and whatnot. them paying you less and saying "hey instead of paying you, we're just going to short change you and say we held what you owe in taxes" is way too likely to go wrong for everybody, but you especially as if you don't pay your taxes, you're the one fucked over. and for income tax, if you make less, the gov't gets less (in theory) so the gov't doesn't want employers to do that either. --- THRILLHO <cite>ironman2009 posted [p:979967816] in Taxes. Do ... [t:80749742]...</cite> <quote>wackyteen posted... </cite><quote>I mostly just find it some level of funny that they give me their money then immediately take some of that money back instead of just paying me less to begin with.</quote>they aren't "taking" your money per se (your employers i mean), they are holding it for you to ensure your taxes get paid. it's not like they can just spend it willy nilly, they report everything to the state/fed (atleast they should) and have to have those funds available at all times. depending on what kind of work you do/who your employers are, they don't really need to hold it at all, but that's something you have to work out with your individual employer. wouldn't recommend that though unless you really are on top of what your income is and aware of your tax rates and whatnot.them paying you less and saying "hey instead of paying you, we're just going to short change you and say we held what you owe in taxes" is way too likely to go wrong for everybody, but you especially as if you don't pay your taxes, you're the one fucked over. and for income tax, if you make less, the gov't gets less (in theory) so the gov't doesn't want employers to do that either. </quote> ... Copied to Clipboard!
IceCreamOnStero 04/17/24 8:24:47 PM #35:	I just do my taxes properly and then it's automatically taken out of my paycheck --- Dokkan ID: 2365415872 <cite>IceCreamOnStero posted [p:979967935] in Taxes. Do ... [t:80749742]...</cite> <quote>I just do my taxes properly and then it's automatically taken out of my paycheck </quote> ... Copied to Clipboard!
K181 04/17/24 8:48:20 PM #36:	Usually owe, but thats a good thing as if the feds and state owe you money then you just gave the government an interest-free loan. --- Irregardless, for all intensive purposes, I could care less. <cite>K181 posted [p:979968330] in Taxes. Do ... [t:80749742]...</cite> <quote>Usually owe, but thats a good thing as if the feds and state owe you money then you just gave the government an interest-free loan. </quote> ... Copied to Clipboard!
leonkr41138 04/17/24 10:21:01 PM #37:	CervusCanadensi posted... I normally get between ~700-1200 back But now that I have a big boy job I pay each year. This year I paid $4200 i suggest having taxes deducted every pay day, thats what i do --- Ok kupo <cite>leonkr41138 posted [p:979969923] in Taxes. Do ... [t:80749742]...</cite> <quote>CervusCanadensi posted... </cite><quote>I normally get between ~700-1200 backBut now that I have a big boy job I pay each year. This year I paid $4200</quote>i suggest having taxes deducted every pay day, thats what i do </quote> ... Copied to Clipboard!
Euripides 04/17/24 10:29:12 PM #38:	ironman2009 posted... blame your employers for not holding proper withholding. Your employer withholds what you tell them to withhold --- Your mom <cite>Euripides posted [p:979970034] in Taxes. Do ... [t:80749742]...</cite> <quote>ironman2009 posted... </cite><quote>blame your employers for not holding proper withholding.</quote>Your employer withholds what you tell them to withhold </quote> ... Copied to Clipboard!
Serious_Cat 04/17/24 10:55:00 PM #39:	Lately I've been owing federal, getting a refund on state that more than covers it, then losing that to have to pay to file. I almost got a federal refund this year but I had stock in a company that sold for cash and so I made an extra $1,000 or so that got taxed as income. --- I are Serious Cat This is serious thread <cite>Serious_Cat posted [p:979970391] in Taxes. Do ... [t:80749742]...</cite> <quote>Lately I've been owing federal, getting a refund on state that more than covers it, then losing that to have to pay to file. I almost got a federal refund this year but I had stock in a company that sold for cash and so I made an extra $1,000 or so that got taxed as income. </quote> ... Copied to Clipboard!
GGuirao13 04/18/24 1:29:23 AM #40:	Refunds for both. --- Donald J. Trump--proof against government intelligence. <cite>GGuirao13 posted [p:979972228] in Taxes. Do ... [t:80749742]...</cite> <quote>Refunds for both. </quote> ... Copied to Clipboard!
RetuenOfDevsman 04/18/24 1:31:42 AM #41:	It swings wildly from year to year. --- There's a difference between canon and not-stupid. <cite>RetuenOfDevsman posted [p:979972255] in Taxes. Do ... [t:80749742]...</cite> <quote>It swings wildly from year to year. </quote> ... Copied to Clipboard!
RetuenOfDevsman 04/18/24 1:39:02 AM #42:	Euripides posted... Your employer withholds what you tell them to withhold Which is stupid. The whole process is stupid. Stupid stupid stupid. The theory is, you can defer your taxes and pay them at the end of the year so you can collect interest on them, OR you can choose to overpay all year just so you can get a check containing your own money after tax season. The former is stupid because short term investment rates are virtually zero for most people, and the latter is stupid because, well, DUH. I just want a checkmark that says "however much means I'll owe exactly zero next April," or even just a server I can query to calculate exactly that, but oh no they ain't gonna do that thanks to doofuses who think they can get more than a couple of pennies in interest. Instead they give you this complicated "New math" formula where you're putting numbers in specific boxes and whatnot that still arrives you at a number that never ends up actually working in April. --- There's a difference between canon and not-stupid. <cite>RetuenOfDevsman posted [p:979972336] in Taxes. Do ... [t:80749742]...</cite> <quote>Euripides posted... </cite><quote>Your employer withholds what you tell them to withhold</quote>Which is stupid. The whole process is stupid. Stupid stupid stupid.The theory is, you can defer your taxes and pay them at the end of the year so you can collect interest on them, OR you can choose to overpay all year just so you can get a check containing your own money after tax season. The former is stupid because short term investment rates are virtually zero for most people, and the latter is stupid because, well, DUH.I just want a checkmark that says "however much means I'll owe exactly zero next April," or even just a server I can query to calculate exactly that, but oh no they ain't gonna do that thanks to doofuses who think they can get more than a couple of pennies in interest. Instead they give you this complicated "New math" formula where you're putting numbers in specific boxes and whatnot that still arrives you at a number that never ends up actually working in April. </quote> ... Copied to Clipboard!
Sufferedphoenix 04/18/24 1:40:09 AM #43:	Get money back but I get raped on taxes all year long like I can work a shit ton of overtime but it's like there is a ceiling to how much I see in my paycheck after that anything extra is eaten by taxes. --- I put my heart and soul into my work and I fear I have lost my mind in the process <cite>Sufferedphoenix posted [p:979972346] in Taxes. Do ... [t:80749742]...</cite> <quote>Get money back but I get raped on taxes all year long like I can work a shit ton of overtime but it's like there is a ceiling to how much I see in my paycheck after that anything extra is eaten by taxes. </quote> ... Copied to Clipboard!
psideresider 04/18/24 1:45:56 AM #44:	Owe federal, no state income tax. --- "Running twice as fast to stay in the same place" -Faith No More <cite>psideresider posted [p:979972400] in Taxes. Do ... [t:80749742]...</cite> <quote>Owe federal, no state income tax. </quote> ... Copied to Clipboard!
SuperVegitoFAN 04/18/24 1:55:43 AM #45:	Dont live in the us, but the past decade ive always gotten money back. And usually a decent number too Iirc theres only been one time i had to pay some back in the 12 years its been a thing, and that was all of 1 DKK. Somewhere around 15/20 cents for you americans. --- https://imgur.com/a/8yiweDI <cite>SuperVegitoFAN posted [p:979972491] in Taxes. Do ... [t:80749742]...</cite> <quote>Dont live in the us, but the past decade ive always gotten money back. And usually a decent number tooIirc theres only been one time i had to pay some back in the 12 years its been a thing, and that was all of 1 DKK. Somewhere around 15/20 cents for you americans. </quote> ... Copied to Clipboard!
Arcanine2009 04/18/24 4:54:45 PM #46:	theAteam posted... Got put in the wrong bracket this year so we owed about $4000 federal. After deductions we still owed about $3000. Luckily we got back almost exactly the same amount from state taxes also due to a clerical fuckup. We ended up getting ~$100 back at the end. Usually I get a small refund. The next bracket by mistake? Shoot I'd increase your 401k contributions and anything else pretax. Helps if you are borderline. --- Less is more. Everything you want, isn't everything you need. <cite>Arcanine2009 posted [p:979982228] in Taxes. Do ... [t:80749742]...</cite> <quote>theAteam posted... </cite><quote>Got put in the wrong bracket this year so we owed about $4000 federal. After deductions we still owed about $3000. Luckily we got back almost exactly the same amount from state taxes also due to a clerical fuckup. We ended up getting ~$100 back at the end.Usually I get a small refund.</quote>The next bracket by mistake? Shoot I'd increase your 401k contributions and anything else pretax. Helps if you are borderline. </quote> ... Copied to Clipboard!
firedoom666 04/18/24 4:56:31 PM #47:	For the last few years I have owed money to federal while getting a return from state. I should probably edit the amount being taking out, but I have no idea how to do that --- We're on a journey to forever! Dreams eternal in a wondrous world without walls We are Forever, wondering what the future holds <cite>firedoom666 posted [p:979982256] in Taxes. Do ... [t:80749742]...</cite> <quote>For the last few years I have owed money to federal while getting a return from state. I should probably edit the amount being taking out, but I have no idea how to do that </quote> ... Copied to Clipboard!
Iodine 04/18/24 5:06:57 PM #48:	I got money back but way less than I usually do. --- In Belichick we Trust <cite>Iodine posted [p:979982426] in Taxes. Do ... [t:80749742]...</cite> <quote>I got money back but way less than I usually do. </quote> ... Copied to Clipboard!
Trumble 04/18/24 5:08:07 PM #49:	No state/federal split here, but I do usually get a refund. --- Do, or do not. There is no Trumble. <cite>Trumble posted [p:979982454] in Taxes. Do ... [t:80749742]...</cite> <quote>No state/federal split here, but I do usually get a refund. </quote> ... Copied to Clipboard!
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Current Events > Taxes. Do you normally owe or get money back? (+) Yeah! (+)

Current Events > Taxes. Do you normally owe or get money back?