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"A smaller refund" means you got your money back in EACH payday check, instead of giving it to the Feds for a tax-free loan, and then waited for them to graciously give it back. Don't use them for a forced savings plan. That's what bank accounts are for.
You should ALWAYS set your W2's so that you give them the least you can, so that at the end of the year you get back almost nothing, or owe a tiny bit, say $100 or less. That's the perfect way to go, if you can tweak it that well.
We got a little more each pay check but we are having to pay more.
So I'm still not ahead with this amazing tax cut.
The only real plus so far with a Trump Presidency is the stock market and that has nothing to do with him --- and let's see what happens in the next two years if we can hang on to the gains we've made.
That puts you in the $82,501 to $157,500 tax bracket. Probably higher.
If you are hurting on that kind of income, then maybe you need to working on that money management thing.
Suddenly having to fork out $8000 and give it to Donald Trumps government (and get nothing in return) hurts no matter how much you make. Its an insult.
Your argument seems to be that middle class deserves a kick in the gut, and to be taxed to death. No surprise there.
Trump promised one thing, and delivered the opposite.
We got a little more each pay check but we are having to pay more.
So I'm still not ahead with this amazing tax cut.
That's because it was a cut to corporations, and a hike for We The People.
Quote:
The only real plus so far with a Trump Presidency is the stock market and that has nothing to do with him --- and let's see what happens in the next two years if we can hang on to the gains we've made.
We are in the red from last year January. Not good.
I arrange my deductions throughout the year so I don't get a refund.
But just for fun, a friend plugged my numbers into old software with the same deductions and pre-pays that I'm using for this round. I'm about $2500 to the good. That's not a big number, but I'll take it.
I arrange my deductions throughout the year so I don't get a refund.
But just for fun, a friend plugged my numbers into old software with the same deductions and pre-pays that I'm using for this round. I'm about $2500 to the good. That's not a big number, but I'll take it.
You mean you would have received a $2500 refund with the old tax law? Let's see how the new law treats you. If you have dependents, you'll probably take a hit.
I arrange my deductions throughout the year so I don't get a refund.
But just for fun, a friend plugged my numbers into old software with the same deductions and pre-pays that I'm using for this round. I'm about $2500 to the good. That's not a big number, but I'll take it.
I plugged my 2018 numbers Iinto 2017 turbotax and my tax bill would I too am about 2500 ahead over last year.
That is really the only way to see if you're ahead or not.
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