Is anyone owing money in taxes? - Page 3 - Forums at Psych Central



advertisement
Reply
 
Thread Tools Display Modes
Old 02-17-2019, 08:00 AM #21
divine1966's Avatar
divine1966 divine1966 is online now
Legendary
 
Member Since: Dec 2014
Location: US
Posts: 13,618
divine1966 divine1966 is online now
Legendary
divine1966's Avatar
divine1966 Tired!!!
 
Member Since: Dec 2014
Location: US
Posts: 13,618 (SuperPoster!)

3 yr Member
495 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

If you only made 11k there is no way you owe anyone any money. What are you stressing about? You canít live on 11k so who can ask you to pay anything back? I canít imagine
divine1966 is online now   Reply With QuoteReply With Quote
"Thanks for this!" says:

advertisement
Old 02-17-2019, 02:23 PM #22
Mountaindewed's Avatar
Mountaindewed Mountaindewed is online now
Elder
 
Member Since: Jun 2016
Location: Where the red fern grows.
Posts: 7,440
Mountaindewed Mountaindewed is online now
Elder
Mountaindewed's Avatar
Mountaindewed I like eggs.
 
Member Since: Jun 2016
Location: Where the red fern grows.
Posts: 7,440 (SuperPoster!)

3 yr Member
59 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

Quote:
Originally Posted by divine1966 View Post
If you only made 11k there is no way you owe anyone any money. What are you stressing about? You canít live on 11k so who can ask you to pay anything back? I canít imagine
It was just on the Today Show. I was just wondering. My checks did seem higher then usual last year too. I asked my coworker yesterday though and she didnít have to owe anything and she works more then me.
__________________
Squidward: Spongebob! What are you doing in there?
Spongebob: crying my eyes out.
Squidward: Well, hurry up! I gotta cry too!

Rupaul: You can call me he, you can call me she. You can call me Regis and Kathy Lee. I donít care, as long as you call me.
Mountaindewed is online now   Reply With QuoteReply With Quote
Old 02-17-2019, 05:39 PM #23
healingme4me's Avatar
healingme4me healingme4me is offline
Perpetually Pondering
Community Liaison
 
Member Since: Apr 2013
Location: New England
Posts: 46,187
healingme4me healingme4me is offline
Perpetually Pondering
Community Liaison
healingme4me's Avatar
healingme4me Needs a little reading lamp.
 
Member Since: Apr 2013
Location: New England
Posts: 46,187 (SuperPoster!)

5 yr Member
6,594 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

That's a Zero Taxes Bracket. You may find your refund a little less, however, but if your taxes are zero then at least anything paid I would expect would be returned.

Use the IRS Withholding Calculator to Determine the Right Amount of Withholding for You | Internal Revenue Service

Here's a Withholding Calculator. Try to not let the tv frighten you.
Quote:
Originally Posted by Mountaindewed View Post
It was just on the Today Show. I was just wondering. My checks did seem higher then usual last year too. I asked my coworker yesterday though and she didnít have to owe anything and she works more then me.
healingme4me is offline   Reply With QuoteReply With Quote
"Thanks for this!" says:
Old 02-17-2019, 05:55 PM #24
healingme4me's Avatar
healingme4me healingme4me is offline
Perpetually Pondering
Community Liaison
 
Member Since: Apr 2013
Location: New England
Posts: 46,187
healingme4me healingme4me is offline
Perpetually Pondering
Community Liaison
healingme4me's Avatar
healingme4me Needs a little reading lamp.
 
Member Since: Apr 2013
Location: New England
Posts: 46,187 (SuperPoster!)

5 yr Member
6,594 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

Just a note. There's a few credits that are tossed into as standard credits to each and every one of us that file. It all comes down to your AIG and the difference of what you paid in. EZ forms are easy for the simple reason that those filing EZ typically aren't reporting extra incomes, businesses, etc etc.
Many of the stories that you will hear have to do with the radical change to the credit on homeownership and a few other areas. Middle Class took a hit for that despite the W4 mentions at the start of last year. Of course it was a huge code change that was difficult to navigate. There were also changes to numbers surrounding Head of Household.
I still say use the free resources in front of you with your final December paystub in hand. Or even your W2. Having control over your own paperwork can feel rather liberating. And compared to when I first learned to file, technology has come a long way from needing to hit up the post office for a booklet or two and filing by hand and getting it into the mail.
healingme4me is offline   Reply With QuoteReply With Quote
"Thanks for this!" says:
Old 02-17-2019, 08:27 PM #25
guilloche guilloche is offline
Magnate
 
Member Since: Jun 2014
Location: US
Posts: 2,391
guilloche guilloche is offline
Magnate
guilloche has no updates.
 
Member Since: Jun 2014
Location: US
Posts: 2,391

5 yr Member
1,777 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

Mountaindewed - I just did my taxes last night. I bet you'll be fine. You don't do anything special right - like no itemizing, no selling stocks, no deducting anything?

When I did mine, here's what I noticed - the standard deduction for a single person used to be about $6000, but now it's $12000. I didn't itemize this year (I have in the past), so that essentially means more of your income is not taxed.

(Sorry I can't remember, I think your income might have below $12000? If so, you shouldn't really owe anything and anything that was taken out of your paycheck for taxes should be returned).

Anyway, my refund went up from last year because of this.

I really think you'll be fine... but if you're still nervous, you could try doing your taxes with one of the online programs. They'll let you go all the way through the end and show you how much you owe, or how much you'll get back, without you having to pay (you only need to pay if you're going to file electronically through the program).

The ones that I've used have been fairly easy and walk you through everything.

I used "TaxHawk" this year. It looks like it's free for federal anyway, but you might want to just run through it to check your numbers, so you don't feel so stressed, then you can wait for your uncle (I think you said?) to file later if you want him to double check.

Here's the link... I used them last year too, so no complaints. (Other than being a customer, I'm not affiliated with them... and in the past I've used other programs, those would work fine too. I can't remember which ones I used though now, I ended up leaving them b/c the price went up.)

TaxHawkģ Free Tax Software... Federal & State Return Preparation & E-file... Online Taxes
guilloche is offline   Reply With QuoteReply With Quote
"Thanks for this!" says:
Old 02-17-2019, 08:50 PM #26
healingme4me's Avatar
healingme4me healingme4me is offline
Perpetually Pondering
Community Liaison
 
Member Since: Apr 2013
Location: New England
Posts: 46,187
healingme4me healingme4me is offline
Perpetually Pondering
Community Liaison
healingme4me's Avatar
healingme4me Needs a little reading lamp.
 
Member Since: Apr 2013
Location: New England
Posts: 46,187 (SuperPoster!)

5 yr Member
6,594 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

^^^if you do choose to go with a free software program such as taxhawk-I use a different one and have kept with them since 2004/2005, I learned yesterday if you go to their site through the IRS-who will give you an extensive list if under 66K or over 66K, but under 66K is free and the IRS expressly states that on their site and expressly states which states are mandated to offer free electronic filing- but if you go through the IRS to these sites-it will attach Free to your filing status.
These sites are great they walk you through it, self explanatory and do a free review with alerts so that your risk of error is slim to none.
healingme4me is offline   Reply With QuoteReply With Quote
Old 02-17-2019, 09:04 PM #27
healingme4me's Avatar
healingme4me healingme4me is offline
Perpetually Pondering
Community Liaison
 
Member Since: Apr 2013
Location: New England
Posts: 46,187
healingme4me healingme4me is offline
Perpetually Pondering
Community Liaison
healingme4me's Avatar
healingme4me Needs a little reading lamp.
 
Member Since: Apr 2013
Location: New England
Posts: 46,187 (SuperPoster!)

5 yr Member
6,594 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

To add. It does look like more than last year, for me. For me it can get tricky to monitor because of floating one of my sons alternating years with my exh. Last year I filed for 3 since he had zero on the book wages for the first time in his work history. And there's the internal job change back in fall of '17 which was a wage increase=more taxes paid. And this year the DOR is pushing all of my exes refund my way for back pay on child support.
Either way, I'm not in the category of being negatively affected by tax reform.
healingme4me is offline   Reply With QuoteReply With Quote
Old 02-18-2019, 12:50 AM #28
divine1966's Avatar
divine1966 divine1966 is online now
Legendary
 
Member Since: Dec 2014
Location: US
Posts: 13,618
divine1966 divine1966 is online now
Legendary
divine1966's Avatar
divine1966 Tired!!!
 
Member Since: Dec 2014
Location: US
Posts: 13,618 (SuperPoster!)

3 yr Member
495 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

We did our taxes today and we are getting back just a tiny bit less than last year. Itís because we made a bit more. But we made it up by paying less for HRblock service (she explained why but I honestly wasnít listening at that point). So we didnít get effected really. Good news for us as a refund is substantial
divine1966 is online now   Reply With QuoteReply With Quote
Old 02-18-2019, 12:52 AM #29
divine1966's Avatar
divine1966 divine1966 is online now
Legendary
 
Member Since: Dec 2014
Location: US
Posts: 13,618
divine1966 divine1966 is online now
Legendary
divine1966's Avatar
divine1966 Tired!!!
 
Member Since: Dec 2014
Location: US
Posts: 13,618 (SuperPoster!)

3 yr Member
495 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

Quote:
Originally Posted by Mountaindewed View Post
It was just on the Today Show. I was just wondering. My checks did seem higher then usual last year too. I asked my coworker yesterday though and she didnít have to owe anything and she works more then me.
I donít think you understand how taxes work. If you only made 11k and deduction is 12k you canít possibly owe anything
divine1966 is online now   Reply With QuoteReply With Quote
Old 02-18-2019, 02:56 PM #30
Mountaindewed's Avatar
Mountaindewed Mountaindewed is online now
Elder
 
Member Since: Jun 2016
Location: Where the red fern grows.
Posts: 7,440
Mountaindewed Mountaindewed is online now
Elder
Mountaindewed's Avatar
Mountaindewed I like eggs.
 
Member Since: Jun 2016
Location: Where the red fern grows.
Posts: 7,440 (SuperPoster!)

3 yr Member
59 hugs
given
PC PoohBah!
Default Re: Is anyone owing money in taxes?

Quote:
Originally Posted by divine1966 View Post
I donít think you understand how taxes work. If you only made 11k and deduction is 12k you canít possibly owe anything
Ok. Well maybe I donít know how they work. My W2 says I paid $800 in taxes last year. I thought it was like the lottery and if I made $11,000 then about $3,500 would have been taken out for taxes. Not just $800.
__________________
Squidward: Spongebob! What are you doing in there?
Spongebob: crying my eyes out.
Squidward: Well, hurry up! I gotta cry too!

Rupaul: You can call me he, you can call me she. You can call me Regis and Kathy Lee. I donít care, as long as you call me.
Mountaindewed is online now   Reply With QuoteReply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 11:52 PM.

Powered by vBulletin® — Copyright © 2000 - 2019, Jelsoft Enterprises Ltd.



 

advertisement

Psych Central Forums

Psych Central is the leading mental health website, overseen by mental health professionals since 1995.

 

Helplines and Lifelines

The material on this site is for informational purposes only, and is not a substitute for medical advice, diagnosis or treatment provided by a qualified health care provider. .

Always consult your doctor or mental health professional before trying anything you read here.
Please read the full disclaimer.