2018 TAXES

Political discussions
User avatar
93henfan
Supporter
Supporter
Posts: 52929
Joined: Wed Jan 07, 2009 9:03 pm
Location: Slower Delaware

Re: RE: Re: 2018 TAXES

Postby 93henfan » Thu Feb 07, 2019 7:46 pm

UNI88 wrote:
93henfan wrote:Sorry, but I'm not going to break the law. Child support is not deductible by the payer.
Plus I don't think you'd want to put yourself in a situation where you couldn't prove you'd made the child support payments.

Sent from my XT1650 using Tapatalk


True. The other thing is, if I'm going to declare it a gift, then she would have to claim it as income, which obviously isn't going to happen. Why in the world would she agree to raise her taxes? :lol:
"Hell yes we're going to take your AR-15" - the democrats

User avatar
SuperHornet
SuperHornet
SuperHornet
Posts: 15640
Joined: Fri Jul 13, 2007 7:24 pm
I am a fan of: Sac State
Location: Lodi, CA

Re: 2018 TAXES

Postby SuperHornet » Sun Feb 10, 2019 2:46 pm

Yes, I'm doing it by hand. At least it's ready to convert to computerized copy. I'm still trying to find printed instructions for my CA 540 2EZ at my library....
Image

SuperHornet's Athletics Hall of Fame includes Jacksonville State kicker Ashley Martin, the first girl to score in a Division I football game. She kicked 3 PATs in a 2001 game for J-State.

User avatar
93henfan
Supporter
Supporter
Posts: 52929
Joined: Wed Jan 07, 2009 9:03 pm
Location: Slower Delaware

Re: 2018 TAXES

Postby 93henfan » Sun Feb 10, 2019 4:40 pm

SuperHornet wrote:I'm still trying to find printed instructions for my CA 540 2EZ at my library....


:suspicious:
"Hell yes we're going to take your AR-15" - the democrats

User avatar
CID1990
Level5
Level5
Posts: 21401
Joined: Mon Jul 16, 2007 7:40 am
I am a fan of: Pie
A.K.A.: CID 1990
Location: กรุงเทพมหานคร

Re: 2018 TAXES

Postby CID1990 » Sun Feb 10, 2019 4:47 pm

SuperHornet wrote:Yes, I'm doing it by hand. At least it's ready to convert to computerized copy. I'm still trying to find printed instructions for my CA 540 2EZ at my library....


Sounds about as hard as a black man trying to get a photo ID
"You however, are an insufferable ankle biting mental chihuahua..." - Clizzoris

User avatar
AZGrizFan
Supporter
Supporter
Posts: 51077
Joined: Fri Jul 13, 2007 4:40 pm
I am a fan of: Sexual Chocolate
Location: Just to the right of center

Re: RE: Re: 2018 TAXES

Postby AZGrizFan » Sun Feb 10, 2019 6:12 pm

93henfan wrote:
UNI88 wrote:Plus I don't think you'd want to put yourself in a situation where you couldn't prove you'd made the child support payments.

Sent from my XT1650 using Tapatalk


True. The other thing is, if I'm going to declare it a gift, then she would have to claim it as income, which obviously isn't going to happen. Why in the world would she agree to raise her taxes? :lol:


Was told by someone today that there’s a “grandfather” date before which you can still claim it....not true?
"Ah fuck. You are right." KYJelly, 11/6/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
Image

User avatar
93henfan
Supporter
Supporter
Posts: 52929
Joined: Wed Jan 07, 2009 9:03 pm
Location: Slower Delaware

Re: RE: Re: 2018 TAXES

Postby 93henfan » Sun Feb 10, 2019 6:30 pm

AZGrizFan wrote:
93henfan wrote:
True. The other thing is, if I'm going to declare it a gift, then she would have to claim it as income, which obviously isn't going to happen. Why in the world would she agree to raise her taxes? :lol:


Was told by someone today that there’s a “grandfather” date before which you can still claim it....not true?


Nope. Make sure you aren't confusing child support and alimony.

Straight from the horse's mouth:
Child support payments are neither deductible by the payer nor taxable income to the recipient

https://www.irs.gov/faqs/filing-requirements-status-dependents-exemptions/dependents-exemptions/dependents-exemptions-6
"Hell yes we're going to take your AR-15" - the democrats

houndawg
Level5
Level5
Posts: 16702
Joined: Tue Oct 14, 2008 1:14 pm
I am a fan of: SIU
A.K.A.: houndawg
Location: Egypt

Re: 2018 TAXES

Postby houndawg » Mon Feb 11, 2019 5:41 am

93henfan wrote:
CAA Flagship wrote:I got just the man for ya.
Frankie "Nuttin" Flagatto (He got the nickname for always saying "I don't know nuttin')
He's some sort of cousin of mine on my sister's side.
Just don't get between him and his pizza.

Image


Isn't that SDHornet?


He's trimming down :lol:
Subvert the dominant paradigm

houndawg
Level5
Level5
Posts: 16702
Joined: Tue Oct 14, 2008 1:14 pm
I am a fan of: SIU
A.K.A.: houndawg
Location: Egypt

Re: 2018 TAXES

Postby houndawg » Mon Feb 11, 2019 5:53 am

HI54UNI wrote:
ASUG8 wrote:I usually get money back from the state and have to pay the Feds, so my usual routine is complete the whole thing ASAP, file state, then pay the Feds 4/15 or so.


Ditto.

Got my tax software and have to start playing with some numbers in case I need any last minute deductions.


Kids gone, no mortgage, excellent health...no deductions.


I'm going to have to look into some of that farmer welfare where they pay you to not grow stuff.. :ohno:
Subvert the dominant paradigm

User avatar
AZGrizFan
Supporter
Supporter
Posts: 51077
Joined: Fri Jul 13, 2007 4:40 pm
I am a fan of: Sexual Chocolate
Location: Just to the right of center

Re: RE: Re: 2018 TAXES

Postby AZGrizFan » Sun Feb 17, 2019 8:39 pm

93henfan wrote:
AZGrizFan wrote:
Was told by someone today that there’s a “grandfather” date before which you can still claim it....not true?


Nope. Make sure you aren't confusing child support and alimony.

Straight from the horse's mouth:
Child support payments are neither deductible by the payer nor taxable income to the recipient

https://www.irs.gov/faqs/filing-requirements-status-dependents-exemptions/dependents-exemptions/dependents-exemptions-6


Ah...he could have been referring to child support....he pays both.
"Ah fuck. You are right." KYJelly, 11/6/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
Image

∞∞∞
Level5
Level5
Posts: 10117
Joined: Thu Aug 13, 2009 7:30 am

Re: 2018 TAXES

Postby ∞∞∞ » Tue Feb 19, 2019 9:38 am

SDHornet wrote:
AZGrizFan wrote:
Didn’t you get a raise from the tax cut during the year? Or did Your bracket not change?

Probably a pay raise that he isn't accounting for.

And as a young up and coming engineer, if he didn't get a pay raise last year then he needs to look for a new place of employment. :coffee:

So I finally got around to figuring out some rough numbers. I made an extra $80/month due to the tax cut, but now I owe $400 to the government, so I made an extra $560 purely due to the tax cuts. Add to that a pay bump of $3000 from moving jobs which was taxed about $600.

But my property tax went up $100 and my healthcare went up about $900 this year, but my gas costs was only $1000 compared to $2000 the year before (new job is much closer), so I effectively made about $3000 more after moving jobs and the tax cut last year.

Overall I did end up saving less money this year though even after making an extra $3000, but I have to dig deeper into spending. I didn't take a vaca, nor bought a big ticket item, or change my lifestyle, so I have to see where the extra money is going. Because it's a lot of money (unless I made a mistake elsewhere).

User avatar
Ibanez
Supporter
Supporter
Posts: 50994
Joined: Fri Jul 13, 2007 5:16 pm
I am a fan of: Coastal Carolina

Re: 2018 TAXES

Postby Ibanez » Tue Feb 19, 2019 9:56 am

∞∞∞ wrote:
SDHornet wrote:Probably a pay raise that he isn't accounting for.

And as a young up and coming engineer, if he didn't get a pay raise last year then he needs to look for a new place of employment. :coffee:

So I finally got around to figuring out some rough numbers. I made an extra $80/month due to the tax cut, but now I owe $400 to the government, so I made an extra $560 purely due to the tax cuts. Add to that a pay bump of $3000 from moving jobs which was taxed about $600.

But my property tax went up $100 and my healthcare went up about $900 this year, but my gas costs was only $1000 compared to $2000 the year before (new job is much closer), so I effectively made about $3000 more after moving jobs and the tax cut last year.

Overall I did end up saving less money this year though even after making an extra $3000, but I have to dig deeper into spending. I didn't take a vaca, nor bought a big ticket item, or change my lifestyle, so I have to see where the extra money is going. Because it's a lot of money (unless I made a mistake elsewhere).


Didn't you start a coin collection ?
Turns out I might be a little gay. 89Hen 11/7/17

∞∞∞
Level5
Level5
Posts: 10117
Joined: Thu Aug 13, 2009 7:30 am

Re: 2018 TAXES

Postby ∞∞∞ » Tue Feb 19, 2019 10:24 am

Ibanez wrote:
∞∞∞ wrote:So I finally got around to figuring out some rough numbers. I made an extra $80/month due to the tax cut, but now I owe $400 to the government, so I made an extra $560 purely due to the tax cuts. Add to that a pay bump of $3000 from moving jobs which was taxed about $600.

But my property tax went up $100 and my healthcare went up about $900 this year, but my gas costs was only $1000 compared to $2000 the year before (new job is much closer), so I effectively made about $3000 more after moving jobs and the tax cut last year.

Overall I did end up saving less money this year though even after making an extra $3000, but I have to dig deeper into spending. I didn't take a vaca, nor bought a big ticket item, or change my lifestyle, so I have to see where the extra money is going. Because it's a lot of money (unless I made a mistake elsewhere).


Didn't you start a coin collection ?

I've always had one.

I actually just figured it out. I saved $200/mo for an HSA account which I forgot about, so in reality there's probably $600-$1000 of spending I gotta figure out.

User avatar
Ibanez
Supporter
Supporter
Posts: 50994
Joined: Fri Jul 13, 2007 5:16 pm
I am a fan of: Coastal Carolina

Re: 2018 TAXES

Postby Ibanez » Tue Feb 19, 2019 10:38 am

∞∞∞ wrote:
Ibanez wrote:
Didn't you start a coin collection ?

I've always had one.

I actually just figured it out. I saved $200/mo for an HSA account which I forgot about, so in reality there's probably $600-$1000 of spending I gotta figure out.

Don't forget about the HSA. I had one that I forgot about, didn't use for a year or so and didn't realize there was a $5 monthly fee. :ohno: I lost close to $100.
Turns out I might be a little gay. 89Hen 11/7/17

User avatar
Ibanez
Supporter
Supporter
Posts: 50994
Joined: Fri Jul 13, 2007 5:16 pm
I am a fan of: Coastal Carolina

Re: 2018 TAXES

Postby Ibanez » Fri Feb 22, 2019 12:10 pm

Ibanez wrote:
93henfan wrote:I had mine done in TurboTax for over a week and just had to wait on the Passive Activity Loss Limitations (8582) form. Once that was released by IRS on Monday, I hit the e-file button on TT.

My federal return was "accepted" by IRS later the same day, and Delaware accepted my state return a day later. They say three weeks, but I'm willing to bet I get my returns in two or less.

The Trump cut lowered by effective rate 2.1% last year, so that was sweet. Delaware actually got worse.

Submitted mine yesterday and they were "accepted" by the Feds, North Carolina and South Carolina in an hour. They estimated a refund by Feb 22. We'll see.

Effective Tax Rate
2017- 14%
2018- 6.09%


SC deposited my $9 refund 2 weeks ago. :thumb: :thumb:

The Feds deposited theirs today. :notworthy:

NC has yet to review. :roll:
Turns out I might be a little gay. 89Hen 11/7/17

User avatar
93henfan
Supporter
Supporter
Posts: 52929
Joined: Wed Jan 07, 2009 9:03 pm
Location: Slower Delaware

Re: 2018 TAXES

Postby 93henfan » Fri Feb 22, 2019 12:17 pm

Ibanez wrote:
Ibanez wrote:Submitted mine yesterday and they were "accepted" by the Feds, North Carolina and South Carolina in an hour. They estimated a refund by Feb 22. We'll see.

Effective Tax Rate
2017- 14%
2018- 6.09%


SC deposited my $9 refund 2 weeks ago. :thumb: :thumb:

The Feds deposited theirs today. :notworthy:

NC has yet to review. :roll:


Yeah, I finally got my Delaware refund on Wednesday. 18 days after the federal.

And people say federal employees are inefficient and lazy?

I think NOT!

Muhfuggers come back from a shut down and are shucking and jiving and paying the bills!
"Hell yes we're going to take your AR-15" - the democrats

User avatar
AZGrizFan
Supporter
Supporter
Posts: 51077
Joined: Fri Jul 13, 2007 4:40 pm
I am a fan of: Sexual Chocolate
Location: Just to the right of center

Re: 2018 TAXES

Postby AZGrizFan » Fri Feb 22, 2019 12:22 pm

∞∞∞ wrote:
Ibanez wrote:
Didn't you start a coin collection ?

I've always had one.

I actually just figured it out. I saved $200/mo for an HSA account which I forgot about, so in reality there's probably $600-$1000 of spending I gotta figure out.


Sheeee-iit....that's carryin' around money for me, bro! :coffee: :coffee:
"Ah fuck. You are right." KYJelly, 11/6/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
Image


Return to “Politics”

Who is online

Users browsing this forum: AZGrizFan, Hambone, kalm and 69 guests