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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.
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
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.
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).
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.
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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