Tax return season is here

[RiffRaff]

Adjust your withholdings, your getting to much of a refund. You want to get close to $0 back on your taxes.

I’m no tax expert but break this down for me? Ain’t you just getting through the year what you would have gotten in the refund? Or is there some funky math where you can get more money through the year than you would get come refund time.

Like breh above said, I’d rather get it as a limb sum once a year if there’s no difference helps to curb unnecessary spending.

 

[TheKongoEmpire]

Thread turned into a shyt fight

As it usually does.

 

[TheKongoEmpire]

Cancelled the CPA, he was a dumbass. TurboTax got us $3100 back and should hit the account in a couple weeks.

I'm still waiting on mine. I think I filed the EITC tho.

 

[Dreamchaser]

I’m no tax expert but break this down for me? Ain’t you just getting through the year what you would have gotten in the refund? Or is there some funky math where you can get more money through the year than you would get come refund time.

Like breh above said, I’d rather get it as a limb sum once a year if there’s no difference helps to curb unnecessary spending.

I use this link for tax planning purposes. 2022 Online 1040 Income Tax Payment Calculator: 2023 United States Federal Personal Income Taxes Payment Estimator
Lets say you got a job and have consistent income throughout the year. What you're trying to figure out is what is your taxable income going to be. Once you get a ballpark number, you then go fill out a W-4 in order to get as close to $0 as possible. A tax refund is nothing more than an interest free loan to government. Its money you overpaid the US government. Your are better off putting that money in your pocket than getting a refund.

 

[RiffRaff]

I use this link for tax planning purposes. 2022 Online 1040 Income Tax Payment Calculator: 2023 United States Federal Personal Income Taxes Payment Estimator
Lets say you got a job and have consistent income throughout the year. What you're trying to figure out is what is your taxable income going to be. Once you get a ballpark number, you then go fill out a W-4 in order to get as close to $0 as possible. A tax refund is nothing more than an interest free loan to government. Its money you overpaid the US government. Your are better off putting that money in your pocket than getting a refund.

But is it the same number tho? If the tax refund is cumulatively the same amount I overpaid the government throughout the year I’m cool on trying to make that refund number as close to zero as possible.

If it’s different and I’m not getting all the money back I’m owed is what I want to know.

 

[Womb Raider]

Getting a good return this year


Going straight to my credit card

 

[-DMP-]

looking like no return, which is ok with me lol

 

[Jaylen Tatum]

Im trying to buy a car with mine.

 

[DAT NICCA KELSO]

My Federal was deposited yesterday

 

[Bigen King]

My fed return just hit my state is on its way.

 

[chineebai]

I owe money . fukkin hell