IRS season: did Trump deliver? Or was the tax cut fake news?

[greenvale]

The refund I'm supposed to receive is about 60% less than last year. On my individual checks since the reform took effect I was seeing like $10 more each check. Nothing else changed other than a slight raise. With living in a blue city that already taxes you out the ass (philly) losing that SALT deduction really boned me. oh well

Edit: had the % wrong

 

[Mr swag]

I changed my withholding to not get anything back.

 

[Secure Da Bag]

I always have federal and state exemptions as 0, 0. Less to worry about come tax time.

 

[King Sun]

I owe 1300

 

[88m3]

I always have federal and state exemptions as 0, 0. Less to worry about come tax time.

that still wasn't enough for a lot of people

 

[JBoy]

I owe 1300

what happened

 

[Secure Da Bag]

that still wasn't enough for a lot of people

I have no idea if this is an actual statement or you're being sarcastic.

 

[88m3]

I have no idea if this is an actual statement or you're being sarcastic.

k

 

[King Sun]

what happened

Nothing, most of th ed deductions i had are gone due to trump.

 

[the cac mamba]

should i bother amending my return over a 250 dollar 1099 for interest that i missed? already got my return back

obviously i dont care about doing the right thing, but i dont wanna get flagged over 20 bucks. theres no way they fukkin bother with that right?

 

[bzb]

I have no idea if this is an actual statement or you're being sarcastic.

he's saying even if all your withholdings are at 0 you may still get a tax bill. this is true for more people this year than last year.

i understand why, but the fact is this tax cut benefits the rich more than it does the middle class. the gop is trying to spin it on some "but you took home more during the year"

 

[Kenny West]

Guys open an LL. And have a small business online. You guys want the tips ? I do that wanna be talking out in the public like that. We can make a private group and discuss.

LL? I'd like to be a part of that discussion tho

 

[LeVraiPapi]

LL? I'd like to be a part of that discussion tho

Typo. A LLC. File as a business all day

 

[greenvale]

LL? I'd like to be a part of that discussion tho

Basically an llc is a pass through entity which if done right could make your taxes lower. Look into S corps too

 

[DEAD7]