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Old 01-18-2019, 01:53 PM
 
4,815 posts, read 1,210,739 times
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How are things looking for you under the new tax law? I was pretty nervous about our taxes going up because we are higher earners in a blue state. I did a first run yesterday with only a w-2. It doesn't look too bad. We maybe got a slight decrease but it was much quicker and easier to do. It's easy when you get almost zero deductions. We will fall under the standard deduction. Lost mortgage interest and personal exemptions of course. I am sure whatever savings there is will be grabbed by Illinois shortly.
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Old 01-18-2019, 02:40 PM
 
71,490 posts, read 71,652,652 times
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to soon , we have not even gotten w2 's or 1099's yet
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Old 01-18-2019, 03:09 PM
 
Location: Lower East Side, NYC
2,134 posts, read 1,389,008 times
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W2's always come at the end of January for me, so I have no idea. I usually file that weekend though.
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Old 01-18-2019, 03:12 PM
 
18,848 posts, read 13,592,109 times
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I’ve got as much filled out as I can but turbo tax isn’t ready for all the data. Comparison to last year would be interesting but I would have to work through the 10%+ income difference
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Old 01-18-2019, 03:13 PM
 
Location: North Beach, MD on the Chesapeake
33,877 posts, read 42,085,992 times
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Quote:
Originally Posted by mathjak107 View Post
to soon , we have not even gotten w2 's or 1099's yet
I still have one1099 outstanding. Mrs. NBP's W-2 won't be sent out until sometime mid to late February, 8th out of the last 10 years the school system has been unable to release by January 31st. My last year (2014) we got them April 1st.
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Old 01-18-2019, 03:14 PM
 
71,490 posts, read 71,652,652 times
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we don't get our k1's from our real estate holding LLC until march ... we got plenty of time .
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Old 01-18-2019, 03:17 PM
 
Location: Omaha, Nebraska
7,302 posts, read 4,148,032 times
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I'm still waiting for my W2 and multiple 1099s, so I'm nowhere near ready to file.

Honestly, I wish the government wouldn't start accepting returns until March 1. It would make life a lot tougher for those criminals who file fraudulent returns under other people's names, as the criminals (unlike honest taxpayers) don't need to wait for forms (because they just make their figures up).
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Old 01-18-2019, 03:33 PM
 
13,874 posts, read 7,386,288 times
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I sent the IRS a big estimated tax payment on January 15th for Q4. I don't have all my W-2 and 1099 forms yet but I already sent in what I owe for 2018.
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Old 01-18-2019, 03:35 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,540 posts, read 39,914,033 times
Reputation: 23653
As with most people running businesses...wanting to do IRA conversions / deduction / contributions / paying forward taxes and expenses (or not)

Did my estimated taxes in Nov / Dec. (as always)

since I owe (as always), I will complete U.S. taxes on 15 April.
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Old 01-18-2019, 04:16 PM
 
Location: Wooster, Ohio
1,036 posts, read 785,471 times
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I am waiting for my 1099s. I wish they also had to be provided by January 31. With computer records today, the investment firms should no longer need the additional time.

I have done some preliminary calculations, and made some changes in withholding. I expect significant federal and state refunds, but will wait for final figures before lowering my withholdings further.
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