pilgrimshoes Suspended 63151 Posts user info edit post |
ewww
looks about 1500 1/6/2008 11:54:26 AM |
BobbyDigital Thots and Prayers 41777 Posts user info edit post |
^^W4, not W2... but yeah, you can even do it multiple times a year.
[Edited on January 6, 2008 at 11:55 AM. Reason : sadf] 1/6/2008 11:54:56 AM |
pilgrimshoes Suspended 63151 Posts user info edit post |
btw, any of you guys do work in NY this year?
they're supposively being more steadfast in enforcing the "10 day rule" (that's not the real name, but what I call it...)
if you work more than 10 8 hour business days in the state of new york over the course of the calendar year, you're required to file state income taxes for new york.. not sure how it works with your state of residence if it's business travel, but it sounds like it'd be a pain in the ass...
i did 13 days, and am just not going to worry about it... but I know some of you were pretty far over that 1/6/2008 12:03:35 PM |
skokiaan All American 26447 Posts user info edit post |
supposively 1/6/2008 4:13:46 PM |
Senez All American 8112 Posts user info edit post |
Should hopefully come close to breaking even. Less my father-in-law screws me with another 1099 again. Then I'm fucked. 1/6/2008 10:46:30 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
whatever skokiaan..
i mean, you could post something helpful,
or maybe just a few more penis waving posts about how much you've made on aapl
[Edited on January 6, 2008 at 10:51 PM. Reason : e] 1/6/2008 10:51:28 PM |
Malagoat All American 7117 Posts user info edit post |
Has anyone ever gotten a refund from a state pension plan before? I worked for the state of Georgia for a little less than 2 years (quit this year), and each pay check they would take out a certain percentage for the employee retirement system (this was required and not voluntary). This money was taken out after taxes were already deducted, so tax was already taken care of there....I don't know if this counts as a retirement disbursement or something....do I have to declare this as extra income on my taxes?
Also, they only gave me back a certain percentage of what I contributed....
[Edited on January 17, 2008 at 2:34 PM. Reason : asdf] 1/17/2008 2:19:29 PM |
OmarBadu zidik 25071 Posts user info edit post |
Quote : | "btw, any of you guys do work in NY this year?
they're supposively being more steadfast in enforcing the "10 day rule" (that's not the real name, but what I call it...)
if you work more than 10 8 hour business days in the state of new york over the course of the calendar year, you're required to file state income taxes for new york.. not sure how it works with your state of residence if it's business travel, but it sounds like it'd be a pain in the ass...
i did 13 days, and am just not going to worry about it... but I know some of you were pretty far over that" |
this is only an issue if either you report it to NYC or your company does - i work in multiple states every year and my company only gets onto me about claiming i worked in a state if it's over 30 days and even then they don't really ever force you to1/17/2008 3:57:37 PM |
Agent 0 All American 5677 Posts user info edit post |
fed plus state im lookin like close to $3k
gonna make a few adjustments on this here withholding haha 1/18/2008 1:51:58 PM |
howaboutno Veteran 471 Posts user info edit post |
Quote : | "Has anyone ever gotten a refund from a state pension plan before? I worked for the state of Georgia for a little less than 2 years (quit this year), and each pay check they would take out a certain percentage for the employee retirement system (this was required and not voluntary). This money was taken out after taxes were already deducted, so tax was already taken care of there....I don't know if this counts as a retirement disbursement or something....do I have to declare this as extra income on my taxes?
Also, they only gave me back a certain percentage of what I contributed.... " |
It sounds like an after tax contribution that wont be taxable. I remember reading something about refunds from state pension plans but cant find the article now. You may want to see if you are going to be issued a 1099R for that income.
Quote : | " this is only an issue if either you report it to NYC or your company does - i work in multiple states every year and my company only gets onto me about claiming i worked in a state if it's over 30 days and even then they don't really ever force you to " |
Technically if you earn income (work for that income) for even one day you are considered to have taxable income within the state. For example, NFL players have to report income to each state they play in.1/19/2008 10:55:48 PM |
fin All American 20599 Posts user info edit post |
Quote : | "random question, but last year i began paying back my college loans. i started paying in Feb. so i was basically paying the whole year.
I'm assuming the institution I have the loan through is going to send me a tax form so i can report interest i paid and other information right? Cause i'm pretty sure I can file for the Hope eduction credit or whatever that is, plus get money back on interest or something.
I know nothing about this, that's just what i thought i read on turbo tax. i seem to meet the requirements, but i guess ill find out soon." |
your adjusted gross must be less than $65k to get any tax benefit for paying student loan interest 1/20/2008 2:48:20 PM |
David0603 All American 12764 Posts user info edit post |
You should have put more in that 401k... 1/20/2008 2:50:40 PM |
1967caddyman All American 1134 Posts user info edit post |
last year i paid 18,000 in taxes and owed $15 to the federal government. This coming tax season already have withheld about $24,000 out of 76k. If I owe anything else, I am gonna be really pissed 1/20/2008 2:51:42 PM |
DoubleDown All American 9382 Posts user info edit post |
just got my massive $131 tax refund deposited into my bank account - 4 days after filing isnt bad at all... 1/20/2008 2:52:21 PM |
ScHpEnXeL Suspended 32613 Posts user info edit post |
Yea their turn around times are pretty goood.. They actually deposit your refund before even really checking the accuracy of your filing, there's been some people who have scammed the gov't because of this (submitting dead peoples tax returns, having refund go to prepaid debit card, etc)
Anyways, I'm going to owe a solid $5K if not more...dammit. 1/20/2008 2:56:39 PM |
Wolfmarsh What? 5975 Posts user info edit post |
Just to throw this out there, because nobody seems to understand it year after year.
Going up a tax bracket does not mean you suddenly owe more overall.
Tax brackets are tiered, so whatever money you make inside of a certain bracket is taxed at that bracket's rate.
For example, the 2007 cap on the single filing 10% bracket is $7,825. Your taxes if you made exactly $7,825 would be $782.50. If you made $7,826 (just 1 dollar over, pushing you into the 15% bracket) your taxes do not suddenly change to a total of $1173.90. You pay the $782.50, plus the 15% tax on the extra dollar, so you pay $782.65.
Hope this helps someone stress less about it.
[Edited on January 20, 2008 at 3:24 PM. Reason : .] 1/20/2008 3:23:26 PM |
howaboutno Veteran 471 Posts user info edit post |
http://www.irs.gov/pub/irs-pdf/p2043.pdf
There is a link to the IRS refund cycle chart. I find it hard to believe that anyone got their direct deposit in 4 days. Are you sure you didnt do a refund anticipation loan?
Quote : | "Yea their turn around times are pretty goood.. They actually deposit your refund before even really checking the accuracy of your filing, there's been some people who have scammed the gov't because of this (submitting dead peoples tax returns, having refund go to prepaid debit card, etc)
Anyways, I'm going to owe a solid $5K if not more...dammit.
" |
Actually, no refund is paid until the IRS sends acceptance. It is therefore doing some accuracy check. The IRS has created more in-depth review over the past few years due to high level of EIC fraud.1/20/2008 3:52:37 PM |
DoubleDown All American 9382 Posts user info edit post |
01/22/2008 Deposit AUTOMATED CREDIT US TREASURY 220 TAX REFUND $131.00
yea im pretty sure, unless my bank is lying to me. 1/20/2008 6:44:40 PM |
ScHpEnXeL Suspended 32613 Posts user info edit post |
Quote : | "The IRS has created more in-depth review over the past few years due to high level of EIC fraud." |
Good. I know last year though it was still very easy to do--or at least the news articles I read about people who were caught doing it made it seem like it was very easy to do. I'm glad to see they've hopefully done something to make it much more difficult though.
http://www.wired.com/politics/law/news/2007/06/secret_service?currentPage=all1/20/2008 7:11:09 PM |
howaboutno Veteran 471 Posts user info edit post |
Quote : | "01/22/2008 Deposit AUTOMATED CREDIT US TREASURY 220 TAX REFUND $131.00
yea im pretty sure, unless my bank is lying to me.
" |
Your bank is holding a US Treasury check? The first direct deposits will be Thursday, January 25th, unless the IRS is lying in their publications.1/20/2008 9:44:40 PM |
DoubleDown All American 9382 Posts user info edit post |
howaboutno - do you seriously think i am lying about $131? is it some big accomplishment to get $131 deposited into my bank account? i dont really care what the IRS document says, all i know is i see a deposit in my bank account. who gives a shit, its milk money, take your consipiracy theory BS somewhere else 1/20/2008 9:49:24 PM |
howaboutno Veteran 471 Posts user info edit post |
Its just strange thats all. I dont see any deposits go into my bank account until they actually do, not two days in advance, unless the deposit is being held. 1/20/2008 9:55:15 PM |
LetsTAILGATE All American 2331 Posts user info edit post |
still waiting on my damn w2 to show up on my IPAY so I can file on turbo tax. Also I worked at damons this year and they went bankrupt. Where should my return go??????????? 1/21/2008 9:17:06 PM |
steviewonder All American 6194 Posts user info edit post |
2200 total, 1950 federal and 250 state.
I only worked for 4 months at my new full time job, so I dont know if I am getting a bigger refund because my shit isnt optimized or if it is because I am being taxed based on what they project my salary to be in a normal 12 month year, therefore putting part of my income every pay period into a tax bracket that I did not reach. Anyone know if that is how it works? 1/22/2008 12:46:41 AM |
Wolfmarsh What? 5975 Posts user info edit post |
Quote : | " dont see any deposits go into my bank account until they actually do, not two days in advance" |
I see a deposit in my bank as soon as it happens as a pending transaction with no date, then it gets moved to the cleared section once it is cleared.
Like with my paycheck, I see it a day or two in advance as a pending deposit.1/22/2008 7:10:50 AM |
jackleg All American 170957 Posts user info edit post |
Quote : | "they're not gone.
plus, why not just state your income if you've been self-employed for 2+ years? as long as you have good credit and can put 5% down i can state income AND assets with a 680 score!" |
you're a predator!!!11/22/2008 7:38:50 AM |
LetsTAILGATE All American 2331 Posts user info edit post |
I am lazy and barely work however they have taken out 300 something in federal and 150 something in state. I am doing turbo tax when I get the forms and will use the deduction help from gas, school, etc to maybe get a little more. Still waiting on my damons form. I dont even know how much they took out in the 3 months I worked there... need this back before spring breaky. 1/22/2008 7:40:32 PM |
CaelNCSU All American 7082 Posts user info edit post |
I owe an assload 1/22/2008 10:34:47 PM |
Mulva All American 3942 Posts user info edit post |
$1250 1/23/2008 9:32:24 PM |
Mangy Wolf All American 2006 Posts user info edit post |
I'll owe around a thousand, exactly as planned. 1/23/2008 9:56:58 PM |
aea All Amurican 5269 Posts user info edit post |
looks like im gonna owe about 6000. 1/23/2008 11:16:38 PM |
LetsTAILGATE All American 2331 Posts user info edit post |
Do you end up owing once you make good money or what? I have always made less than 30K and always gotten money back. Just a question? 1/24/2008 12:03:35 AM |
David0603 All American 12764 Posts user info edit post |
If you get a job making "good money" but they still tax you as if you were making less then you'll owe. 1/24/2008 10:21:45 AM |
d7freestyler Sup, Brahms 23935 Posts user info edit post |
i haven't filed mine yet, but i should get a decent return since i bought a house and i can write off a ton of interest. we'll see as soon as i get my w2 from work... they're taking their sweet time. 1/24/2008 12:20:52 PM |
DROD900 All American 24658 Posts user info edit post |
I filled out my taxes and owe federal $141 (I get a $1 state refund, ha!) but I have a question:
I donated a car to charity last year (it was a junker and was only worth around $350), but when I plug that into a tax form (taxslayer) as an itemized deduction, my refund doesnt change and I still owe $141. When I force taxslayer to itemize my deductions it says I owe $560. What is the point of donating something to charity of it doesnt even help me come tax time?
am I doing something wrong? 1/24/2008 2:51:25 PM |
sd2nc All American 9963 Posts user info edit post |
Quote : | "What is the point of donating something to charity of it doesnt even help me come tax time? am I doing something wrong?" |
1/24/2008 3:21:26 PM |
DROD900 All American 24658 Posts user info edit post |
what a sexcellent reply! 1/24/2008 3:26:52 PM |
wlb420 All American 9053 Posts user info edit post |
^^^your itemized dedutions have to add up to more than the standard for it to be of any benefit. 1/24/2008 3:43:18 PM |
Bearden All American 1669 Posts user info edit post |
Well if you don't donate or write off more than the standard deduction, than those little things won't change your refund at all.
^yeah, what he said too.
[Edited on January 24, 2008 at 3:45 PM. Reason : .] 1/24/2008 3:44:42 PM |
DROD900 All American 24658 Posts user info edit post |
so youre telling me that I'm screwed since I dont have any other itemized deductions 1/24/2008 3:45:04 PM |
Bearden All American 1669 Posts user info edit post |
Yeah, you might as well let someone use that car donation on their taxes if they can somehow. 1/24/2008 3:47:00 PM |
DROD900 All American 24658 Posts user info edit post |
I dunno if thats possible since my name was on the title 1/24/2008 3:52:42 PM |
sd2nc All American 9963 Posts user info edit post |
just add a zero on the end 1/24/2008 4:24:22 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
ggreat idea! 1/24/2008 4:27:19 PM |
CarZin patent pending 10527 Posts user info edit post |
.
[Edited on January 24, 2008 at 4:31 PM. Reason : .] 1/24/2008 4:31:31 PM |
LetsTAILGATE All American 2331 Posts user info edit post |
k so I have the easy W2. for federal is says something like 271. on the bottom of the form it says if you have a number under box 9 that is what the IRS owes you. Is that correct? They also took out 151 with my state return. What should I do if I want thismoney before February 29th??? Also last year I did turbo tax and got it in like 2 weeks. Should I do that again? 1/25/2008 12:34:26 AM |
Agent 0 All American 5677 Posts user info edit post |
all said and done, im getting back $3419
oops
[Edited on January 27, 2008 at 1:26 PM. Reason : .] 1/27/2008 1:25:50 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
yeah with state+city+federal, like 2k
:\ 1/27/2008 3:01:45 PM |
rallydurham Suspended 11317 Posts user info edit post |
haven't even got my W2 yet.
Fuck you, you cocksucking faggots.
My 1099 div and 5498 are all lined up. Now i just need the other 10% of my income
That was a tax joke. Taxperts get it.
But seriously i havent gotten my W2 yet. 1/27/2008 10:54:11 PM |
David0603 All American 12764 Posts user info edit post |
You can't just download it? Wtf kind of pos place do you work for Martin? 1/27/2008 11:08:10 PM |