2018 TAXES

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2018 TAXES

Post by Ibanez »

I start this thread each year. Given the shutdown, will you be filing later than usual?

https://www.fool.com/taxes/2018/12/10/w ... ckets.aspx

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Re: 2018 TAXES

Post by 93henfan »

The office that issues my W-2 is furloughed.
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Re: 2018 TAXES

Post by GrizFanStuckInUtah »

I will file as soon as they get me all my shit......it sucks waiting on stuff that computers have figured out on 1/1/2019. That said, I've started to get some of my stuff but still missing a few pieces to file. I always withhold more than I need to as I hate to pay but we'll see how this year goes.
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Re: 2018 TAXES

Post by ASUG8 »

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.

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Re: 2018 TAXES

Post by HI54UNI »

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.
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Re: 2018 TAXES

Post by css75 »

The tax lady I use told me theOgden office will be bringing back some people from furlough to process returns.


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Re: 2018 TAXES

Post by ∞∞∞ »

I'm not filing until the government re-opens. I get that financially, some people need returns as soon as possible. Fortunately I don't, so I'd rather not add work for people not getting paid. :twocents:

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Re: 2018 TAXES

Post by AZGrizFan »

I’ll be paying 4/15. Stroking a big check again. Fuck the new tax law. Anyone who owns multiple properties get NO favors from the new tax laws. Trump fucked the 1%’ers....
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Re: 2018 TAXES

Post by 93henfan »

My $40k+ "check" has already been written via automatic withholding. I'm hoping it was over, as usual, and I get some of my money back.

But again, I'll need a W2 first, and them bitches are unemployed just like me right now. I think, by law, they still have to cobble together some folks to get it to me by Jan 31. I usually get it before Jan 15. I could really use the money this year. :evil:
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Re: 2018 TAXES

Post by Chizzang »

AZGrizFan wrote:I’ll be paying 4/15. Stroking a big check again. Fuck the new tax law. Anyone who owns multiple properties get NO favors from the new tax laws. Trump fucked the 1%’ers....
Are you NOT renting the properties on occasion..?

:geek:

Jeezus man...
hire a fucking tax lawyer and get that straightened out ASAP
It can get a little convoluted but $25,000 deductions on fixed assets losses and deductions is legit
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Re: 2018 TAXES

Post by Ibanez »

∞∞∞ wrote:I'm not filing until the government re-opens. I get that financially, some people need returns as soon as possible. Fortunately I don't, so I'd rather not add work for people not getting paid. :twocents:
Just add to the crushing backlog?


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Re: 2018 TAXES

Post by SDHornet »

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.
:nod:

My household made a little more and owed a little less. Thank you Trump tax cuts. 8-)

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Re: 2018 TAXES

Post by SDHornet »

AZGrizFan wrote:I’ll be paying 4/15. Stroking a big check again. Fuck the new tax law. Anyone who owns multiple properties get NO favors from the new tax laws. Trump fucked the 1%’ers....
Don't tell that to Trip, it fucks with his narrative.

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Re: 2018 TAXES

Post by JoltinJoe »

ASUG8 wrote:I usually get money back from the state ....
Going out on a limb here, but I'm going to guess you don't live in New York or New Jersey. :lol:

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Re: 2018 TAXES

Post by CAA Flagship »

SDHornet 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.
:nod:

My household made a little more and owed a little less. Thank you Trump tax cuts. 8-)
Were you not affected by the SALT tax reform?

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Re: 2018 TAXES

Post by SDHornet »

CAA Flagship wrote:
SDHornet wrote: :nod:

My household made a little more and owed a little less. Thank you Trump tax cuts. 8-)
Were you not affected by the SALT tax reform?
That only applies to white folk.

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Re: 2018 TAXES

Post by AZGrizFan »

Chizzang wrote:
AZGrizFan wrote:I’ll be paying 4/15. Stroking a big check again. Fuck the new tax law. Anyone who owns multiple properties get NO favors from the new tax laws. Trump fucked the 1%’ers....
Are you NOT renting the properties on occasion..?

:geek:

Jeezus man...
hire a fucking tax lawyer and get that straightened out ASAP
It can get a little convoluted but $25,000 deductions on fixed assets losses and deductions is legit
Yes. One is rented full-time. Can’t deduct the loss because I make too much (it DOES accumulate so it’ll help in the year that I sell it)....
The other is rented on occasion. Can only deduct % based on time rented....and that’s the one with the giant property tax bill (because it’s on a lake) that is completely unwrite-offable, what with the new limit of $10,000 in prop tax deduction. Also fucked me on mortgage interest deduction, with the new cap.

All in all, probably cost me about $45,000 in deductions going forward.... :ohno: :ohno:
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Re: 2018 TAXES

Post by Winterborn »

When my w2 comes in, I will file like normal. Should have it all done by the end of February. I try to get it done as early as possible.
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Re: 2018 TAXES

Post by CAA Flagship »

SDHornet wrote:
CAA Flagship wrote: Were you not affected by the SALT tax reform?
That only applies to white folk.
Damn. Trump IS a racist.

:lol:

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Re: 2018 TAXES

Post by 93henfan »

W2 finally posted. Getting ~$4,500 federal return and ~$1,000 Delaware return. That in addition to a bump of around $200/paycheck in 2018 due to the Trump tax cut.
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Re: 2018 TAXES

Post by css75 »

My CSRS went up and taxes went down, thank you Mr. Trump.


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Re: 2018 TAXES

Post by ASUG8 »

JoltinJoe wrote:
ASUG8 wrote:I usually get money back from the state ....
Going out on a limb here, but I'm going to guess you don't live in New York or New Jersey. :lol:
The SC in my sig isn't for "South Camden". 8-)

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Re: 2018 TAXES

Post by ASUG8 »

93henfan wrote:W2 finally posted. Getting ~$4,500 federal return and ~$1,000 Delaware return. That in addition to a bump of around $200/paycheck in 2018 due to the Trump tax cut.
I don't get why you'd want to loan two governments that kind of cash when you could adjust your withholdings and use your money year round either with debt or as an investment of some sort. If I could net zero I'd be just about right.

Not a criticism, just a question.

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Re: 2018 TAXES

Post by Ibanez »

ASUG8 wrote:
93henfan wrote:W2 finally posted. Getting ~$4,500 federal return and ~$1,000 Delaware return. That in addition to a bump of around $200/paycheck in 2018 due to the Trump tax cut.
I don't get why you'd want to loan two governments that kind of cash when you could adjust your withholdings and use your money year round either with debt or as an investment of some sort. If I could net zero I'd be just about right.

Not a criticism, just a question.
I re-adjusted my W2 last year after I got socked with a huge tax bill (even after paying a boat load). I hope this year I got it closer to $0.
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Re: 2018 TAXES

Post by 93henfan »

ASUG8 wrote:
93henfan wrote:W2 finally posted. Getting ~$4,500 federal return and ~$1,000 Delaware return. That in addition to a bump of around $200/paycheck in 2018 due to the Trump tax cut.
I don't get why you'd want to loan two governments that kind of cash when you could adjust your withholdings and use your money year round either with debt or as an investment of some sort. If I could net zero I'd be just about right.

Not a criticism, just a question.
:lol: Yeah, I was going to invest that money and get rich. I really need to get some specific strategies on that from you.
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