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tax time - how did everyone do this year?

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Pages: [1] 2

shadows
LIF Adult

Member since 1/10

4694 total posts

Name:

tax time - how did everyone do this year?

We have to pay - a lot. Because DH's company screwed something up and had us in too low a tax bracket.

Hope everyone else did better. This is the first year we haven't gotten something back. Chat Icon

Posted 3/10/12 8:30 PM
 
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MsSissy
xoxoxo

Member since 3/07

39159 total posts

Name:

Re: tax time - how did everyone do this year?

How she (our accountant) did it we don't know, but we're getting back a very small refund. VERY happy about that. We thought for sure we would be paying.

Message edited 3/10/2012 8:38:38 PM.

Posted 3/10/12 8:36 PM
 

ItsTime2011
Meh...

Member since 1/11

2148 total posts

Name:

Re: tax time - how did everyone do this year?

Havent filed yet. Too scared. We owed a lot last year.

Posted 3/10/12 8:41 PM
 

luvmyReese
Hello Kitty

Member since 1/08

7542 total posts

Name:
Catt

Re: tax time - how did everyone do this year?

laid off last yr and paid a lot of taxes for the

severance that my company gave me so I

did pretty good BUT Im unemployed so its

bittersweet Chat Icon

Posted 3/10/12 8:58 PM
 

EatingMyVeggies

Member since 1/12

6667 total posts

Name:

Re: tax time - how did everyone do this year?

better than I ever have.

a weight has been lifted.

now it will sit in savings, untouched.

Posted 3/10/12 9:01 PM
 

maymama
my little loves

Member since 8/08

18453 total posts

Name:

Re: tax time - how did everyone do this year?

pretty much even, as it should be I guess!

Posted 3/10/12 9:16 PM
 

klingklang77
kraftwerk!

Member since 7/06

11487 total posts

Name:
Völlig losgelöst

Re: tax time - how did everyone do this year?

Fantastic!

Posted 3/10/12 9:39 PM
 

LoveMyHubby605
Our April Baby is here!

Member since 4/11

2418 total posts

Name:
A

Re: tax time - how did everyone do this year?

we did pretty well and we are banking it all.

Posted 3/10/12 9:49 PM
 

maybesoon
LIF Adult

Member since 9/09

5981 total posts

Name:

Re: tax time - how did everyone do this year?

We got a ton of money back, we are seriously shocked. We need to go to payroll and fix this !

Message edited 3/10/2012 10:18:07 PM.

Posted 3/10/12 10:17 PM
 

NewLeaf2012
LIF Adult

Member since 1/11

2741 total posts

Name:
....

Re: tax time - how did everyone do this year?

No where near what we use to get... Retirement sucks!

Posted 3/10/12 10:36 PM
 

Mrs213
????????

Member since 2/09

18986 total posts

Name:

Re: tax time - how did everyone do this year?

Got the most back we ever have

Posted 3/10/12 10:49 PM
 

MrsS1976
LIF Adolescent

Member since 5/11

534 total posts

Name:
M

Re: tax time - how did everyone do this year?

We have to pay a lot..last year we also paid but not as much as this year. I work as a 1099 so I have to save up for taxes each year. Sucks.

Posted 3/10/12 10:51 PM
 

KwaaksNest
Love my boys!

Member since 6/10

2825 total posts

Name:
Samantha

Re: tax time - how did everyone do this year?

we got some back...not as much as other years which i guess is okay

Posted 3/10/12 11:14 PM
 

Blazesyth
*yawn*

Member since 5/05

8129 total posts

Name:

Re: tax time - how did everyone do this year?

Posted by NewLeaf2012

No where near what we use to get... Retirement sucks!




Chat Icon

I think I'd rather be retired and get money back....

instead of working 60+ hours a week AND having to pay.

Posted 3/10/12 11:17 PM
 

allIwant
Love my crazy life!

Member since 1/10

9170 total posts

Name:

Re: tax time - how did everyone do this year?

amazing! but it is because I was on maternity leave last year for half the year and we are paying 2 mortgages. Money is in bank until we sell our coop.

Posted 3/10/12 11:38 PM
 

stinger
LIF Adult

Member since 11/11

4971 total posts

Name:

Re: tax time - how did everyone do this year?

Way better than I thought I would! First year where I have a full time job, filing head of household and claiming my kids (almost divorced), plus credits of mortgage and student loan interest. I am paying off a couple of credit cards and the rest I don't know yet.

Posted 3/11/12 9:47 AM
 

jennandrob
mom of two!

Member since 5/05

4368 total posts

Name:
Jenn

Re: tax time - how did everyone do this year?

got back about the same as last year---not bad!

Posted 3/11/12 10:22 AM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: tax time - how did everyone do this year?

I filed an extension....corporate tax returns have to be filed by the 15th of march and I'm not ready

Posted 3/11/12 10:24 AM
 

DiamondGirl
You are my I love you

Member since 7/09

18802 total posts

Name:
DiamondMama

Re: tax time - how did everyone do this year?

We did well but we knew we would, we both claim zero.

Pissed we didn't get the $1000 child credit, we make too much, we thought it was automatic.

Posted 3/11/12 10:29 AM
 

headoverheels
s'il vous plaît

Member since 6/07

42079 total posts

Name:
LB

Re: tax time - how did everyone do this year?

Really well. The most we've ever gotten since we sold DH's business. It's going in savings for our trip to Italy!

Posted 3/11/12 10:37 AM
 

Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: tax time - how did everyone do this year?

We ended up owing just a few hundred to the IRS but we got a decent amount back from the state so in the end we made out okay. Chat Icon

Posted 3/11/12 11:24 AM
 

Peainapod
Peanuts are here!

Member since 1/09

13591 total posts

Name:
Diana

Re: tax time - how did everyone do this year?

we got back a nice federal refund, but I owe a little bit to the state of PA; and I also owe our stupid local tax too.

Posted 3/11/12 1:24 PM
 

Irishlass
LIF Adult

Member since 5/05

2961 total posts

Name:
Lisa

Re: tax time - how did everyone do this year?

Haven't filed yet but I didn't work all year so hoping we will get some back.

Posted 3/11/12 1:34 PM
 

Erica
LIF Adult

Member since 5/05

11767 total posts

Name:

Re: tax time - how did everyone do this year?

We owe...as always. But this year it's just to ny and nj. We actually are getting a small amount from fed since I tried to make adjustments, but I still owe NYSE enough for them to charge me interest!

Posted 3/11/12 2:55 PM
 

Xelindrya
Mommy's little YouTube Star!

Member since 8/05

14470 total posts

Name:
Veronica

Re: tax time - how did everyone do this year?

last year I paid because I didnt realize Obama's make america work crap meant there would be less taxes taken out. So I owed money back Chat Icon

Thank god that stupid thing expired.

This year I owe because I used the system. Because I owed money for taxes I maxed out my W4 (we can do this online at work without much trouble) so that I had NO FEDERAL taxes withheld at all. I had to so that I had money to pay for taxes (ironic, eh?)

Then I had other things pop up and so I left it adjusted to 9 dependents. I used the irs.gov to figure out the number. As a result, 6 and a half months last year I paid nothing to the federal government. I made an extra $200 a paycheck. So over 6months that was $400 per month = $2400. I owe back $650. I consider that a fair deal. I obviously corrected my W4 back to zero when I could.

Thanks to a class action lawsuit settled against my company I have the funds to pay for the taxes this year, without adjustment.

Ironically this is the first year I qualified to deduct my mortgage interests etc with my home.

Since I'm not as bad off I'm leaving my W4 at zero for now. Maybe in November I'll go back to 9 so I have extra money for xmas.

Best of all... Texas has no state tax Chat Icon

Posted 3/11/12 4:15 PM
 
Pages: [1] 2
 

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