2018 TAXES

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93henfan
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Re: 2018 TAXES

Postby 93henfan » Thu Jan 31, 2019 1:00 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%


Nice. Your effective tax rate is a third of mine. Plus, I also pay child support that I can't deduct and that she doesn't have to claim as income. And she gets both of the child tax credits.

Wheeeeeeeeee!!!!!!!!!!
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Re: 2018 TAXES

Postby Ibanez » Thu Jan 31, 2019 1:04 pm

93henfan 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%


Nice. Your effective tax rate is a third of mine. Plus, I also pay child support that I can't deduct and that she doesn't have to claim as income. And she gets both of the child tax credits.

Wheeeeeeeeee!!!!!!!!!!
Yeah, I was happy. I had a huge tax bill in 2017 that we've been paying monthly installments. Thankfully that'll be paid off as soon as I get that refund check. The tax rates between NC and SC are striking, that helped a lot as well.


How many more years do you have?
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Re: 2018 TAXES

Postby CAA Flagship » Thu Jan 31, 2019 1:40 pm

93henfan 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%


Nice. Your effective tax rate is a third of mine. Plus, I also pay child support that I can't deduct and that she doesn't have to claim as income. And she gets both of the child tax credits.

Wheeeeeeeeee!!!!!!!!!!

I know some people not far away from her.
Just sayin'. :whistle:

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Re: 2018 TAXES

Postby 93henfan » Thu Jan 31, 2019 3:51 pm

CAA Flagship wrote:
93henfan wrote:
Nice. Your effective tax rate is a third of mine. Plus, I also pay child support that I can't deduct and that she doesn't have to claim as income. And she gets both of the child tax credits.

Wheeeeeeeeee!!!!!!!!!!

I know some people not far away from her.
Just sayin'. :whistle:


I still own a $300K life insurance policy on her.

It's gotta look like an accident.

PM me the deets. It's gonna take one of their best men.
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Re: 2018 TAXES

Postby CAA Flagship » Thu Jan 31, 2019 4:32 pm

93henfan wrote:
CAA Flagship wrote:I know some people not far away from her.
Just sayin'. :whistle:


I still own a $300K life insurance policy on her.

It's gotta look like an accident.

PM me the deets. It's gonna take one of their best men.

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.

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Re: 2018 TAXES

Postby 93henfan » Thu Jan 31, 2019 4:50 pm

CAA Flagship wrote:
93henfan wrote:
I still own a $300K life insurance policy on her.

It's gotta look like an accident.

PM me the deets. It's gonna take one of their best men.

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.

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Isn't that SDHornet?
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Re: 2018 TAXES

Postby CID1990 » Thu Jan 31, 2019 5:05 pm

Ibanez wrote:
ASUG8 wrote:
I ran my numbers through TurboTax yesterday for a sanity check and got basically the same answer as TaxAct:evil: . This tax reform hosed me - I didn't change my witholdings from last year and yet I'm paying the Feds double what I did last year. :ohno:

I'm getting enough back to pay what I still owe the Feds from 2017 and to pay off a small loan. I hve to change my withholdings this year, between a bonus and a raise i'm afraid it's going to cost me.


I'm looking forward to the $400 extra dollars a month


Thanks Obama

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Re: 2018 TAXES

Postby 93henfan » Mon Feb 04, 2019 5:02 am

My federal return hit my bank via direct deposit today. Damn that was fast. I think that's a record for me.
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Re: 2018 TAXES

Postby CID1990 » Mon Feb 04, 2019 5:22 am

93henfan wrote:My federal return hit my bank via direct deposit today. Damn that was fast. I think that's a record for me.


Thanks Trump!


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Re: 2018 TAXES

Postby Ibanez » Mon Feb 04, 2019 5:28 am

93henfan wrote:My federal return hit my bank via direct deposit today. Damn that was fast. I think that's a record for me.

What was that, a 1-wk turn around? :clap:
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Re: 2018 TAXES

Postby TheDancinMonarch » Mon Feb 04, 2019 12:09 pm

Just did my return.

Federal AGI up 2.1% Federal tax up 7.6% :evil:
State AGI up 2.1% State tax up 24.4% :evil: :evil: :evil: :evil:

State tax increase caused because I can no longer itemize on the federal.

Maybe Chuck and Nancy were right. This was not a good deal for me.
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Re: 2018 TAXES

Postby WWII » Mon Feb 04, 2019 6:32 pm

Still waiting on a w-2, just got a 1099 today. Hopefully file soon.

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Re: RE: Re: 2018 TAXES

Postby ALPHAGRIZ1 » Mon Feb 04, 2019 6:36 pm

93henfan 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%


Nice. Your effective tax rate is a third of mine. Plus, I also pay child support that I can't deduct and that she doesn't have to claim as income. And she gets both of the child tax credits.

Wheeeeeeeeee!!!!!!!!!!
Write it off under a gift or charitable contribution.

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Re: RE: Re: 2018 TAXES

Postby bluehenbillk » Tue Feb 05, 2019 6:34 am

ALPHAGRIZ1 wrote:
93henfan wrote:
Nice. Your effective tax rate is a third of mine. Plus, I also pay child support that I can't deduct and that she doesn't have to claim as income. And she gets both of the child tax credits.

Wheeeeeeeeee!!!!!!!!!!
Write it off under a gift or charitable contribution.

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Yep, take the money out of the bank in withdrawls & put in under "Gifts by Cash" on your itemized deductions. You'll have the bank statements as your backup if needed....
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Re: 2018 TAXES

Postby 93henfan » Tue Feb 05, 2019 7:14 am

Sorry, but I'm not going to break the law. Child support is not deductible by the payer.
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Re: 2018 TAXES

Postby mainejeff » Tue Feb 05, 2019 7:15 am

93henfan wrote:Sorry, but I'm not going to break the law. Child support is not deductible by the payer.


Break the law! Break the law! Break the law!

:coffee:
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Re: 2018 TAXES

Postby SuperHornet » Wed Feb 06, 2019 5:02 pm

The new 1040 is stupid. They claim that it's easier, but it's not even close. It's much worse. Going back and forth to and from the new schedules is both time consuming and confusing. Give me my 1040A back!

There's a reason why 1040 is the second-most evil number in the universe!

:ohno:
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Re: 2018 TAXES

Postby Ibanez » Thu Feb 07, 2019 1:45 pm

SuperHornet wrote:The new 1040 is stupid. They claim that it's easier, but it's not even close. It's much worse. Going back and forth to and from the new schedules is both time consuming and confusing. Give me my 1040A back!

There's a reason why 1040 is the second-most evil number in the universe!

:ohno:

Dude...are you doing it by hand????
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Re: 2018 TAXES

Postby GannonFan » Thu Feb 07, 2019 2:12 pm

Ibanez wrote:
SuperHornet wrote:The new 1040 is stupid. They claim that it's easier, but it's not even close. It's much worse. Going back and forth to and from the new schedules is both time consuming and confusing. Give me my 1040A back!

There's a reason why 1040 is the second-most evil number in the universe!

:ohno:

Dude...are you doing it by hand????


I actually do mine by hand as well - too cheap to spend the $30-$40 on TurboTax. Free fillable forms has always worked for me.
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Re: 2018 TAXES

Postby 93henfan » Thu Feb 07, 2019 5:20 pm

Ibanez wrote:
SuperHornet wrote:The new 1040 is stupid. They claim that it's easier, but it's not even close. It's much worse. Going back and forth to and from the new schedules is both time consuming and confusing. Give me my 1040A back!

There's a reason why 1040 is the second-most evil number in the universe!

:ohno:

Dude...are you doing it by hand????


:lol: You said it first.

I haven't looked at a 1040 in probably 15 years.
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Re: 2018 TAXES

Postby 93henfan » Thu Feb 07, 2019 5:22 pm

Ibanez wrote:
93henfan wrote:My federal return hit my bank via direct deposit today. Damn that was fast. I think that's a record for me.

What was that, a 1-wk turn around? :clap:


Sorry, missed this. Yes, e-filed on Mon Jan 28. Federal funds received Mon Feb 4. Still waiting on Delaware.
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Re: RE: Re: 2018 TAXES

Postby ALPHAGRIZ1 » Thu Feb 07, 2019 5:31 pm

93henfan wrote:Sorry, but I'm not going to break the law. Child support is not deductible by the payer.
It's not child support it's a gift, take your semantic bullshit over to Dbacks

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Re: RE: Re: 2018 TAXES

Postby ALPHAGRIZ1 » Thu Feb 07, 2019 5:32 pm

Ibanez wrote:
SuperHornet wrote:The new 1040 is stupid. They claim that it's easier, but it's not even close. It's much worse. Going back and forth to and from the new schedules is both time consuming and confusing. Give me my 1040A back!

There's a reason why 1040 is the second-most evil number in the universe!

:ohno:

Dude...are you doing it by hand????
He does every night..............

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Re: RE: Re: 2018 TAXES

Postby 93henfan » Thu Feb 07, 2019 5:44 pm

ALPHAGRIZ1 wrote:
93henfan wrote:Sorry, but I'm not going to break the law. Child support is not deductible by the payer.
It's not child support it's a gift, take your semantic bullshit over to Dbacks

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Right.
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Re: RE: Re: 2018 TAXES

Postby UNI88 » Thu Feb 07, 2019 6:02 pm

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.

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