Tulpa | 3,488 Posted February 12, 2022 Share Posted February 12, 2022 Anyone file yet? Anyone have any nightmare tax stories? Anyone going to blow their refund on WATA graded games fun stuff? PS, anyone who posts that tired Simpsons tax video (or any other lame video) smells their own farts. 1 Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted February 12, 2022 Share Posted February 12, 2022 I do mine in April. Link to comment Share on other sites More sharing options...
Tulpa | 3,488 Posted February 12, 2022 Author Share Posted February 12, 2022 Gloves likes to live on the edge. 1 Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted February 12, 2022 Share Posted February 12, 2022 Just now, Tulpa said: Gloves likes to live on the edge. It's true! Link to comment Share on other sites More sharing options...
Gloves | 11,761 Administrator · Posted February 12, 2022 Share Posted February 12, 2022 I actually went the limit of 3 years without doing my taxes, from 2016 to 2019. That was good times. 1 Link to comment Share on other sites More sharing options...
CMR | 519 Posted February 12, 2022 Share Posted February 12, 2022 I did mine. I'm getting back a wopping $300. Woo-h00 I hope all you people with yard apes enjoy your end-of-year breeder bonus. Link to comment Share on other sites More sharing options...
Brickman | 3,982 Posted February 12, 2022 Share Posted February 12, 2022 1 hour ago, CMR said: I hope all you people with yard apes enjoy your end-of-year breeder bonus. Yard apes… Link to comment Share on other sites More sharing options...
Kguillemette | 1,543 Posted February 12, 2022 Share Posted February 12, 2022 I owe 4 grand. I filled the new style w4 incorrectly apparently and haven't been paying income tax, or at least nearly enough. I had direct deposit, so it never really occurred to me to double check my paystub to make sure everything was correct. Money posted, great! Definitely filled out a new w4 right away so this doesn't happen again next year. Link to comment Share on other sites More sharing options...
Tabonga | 2,314 Posted February 12, 2022 Share Posted February 12, 2022 I haven't done mine yet - as usual the refund should be a bit more than the taxes on the house. Link to comment Share on other sites More sharing options...
Tanooki | 4,930 Posted February 12, 2022 Share Posted February 12, 2022 I usually see like 3K a year for some years now, but with that idiotic thing last year giving you a couple hundred bucks in advance for 6mo I know it will be less since that aggravatingly came from that. Link to comment Share on other sites More sharing options...
TDIRunner | 2,725 Posted February 12, 2022 Share Posted February 12, 2022 I'll owe somewhere in the neighborhood of 10 grand, so I will be paying as late as possible. 1 Link to comment Share on other sites More sharing options...
a3quit4s | 4,092 Posted February 12, 2022 Share Posted February 12, 2022 Owed $4k last year, got $4k back this year 1 Link to comment Share on other sites More sharing options...
RH | 4,895 Posted February 12, 2022 Share Posted February 12, 2022 My taxes have been all over the place for years as a contractor. I have been a contractor for about 7 years up until this past November. I also made a really good rate most of those years and I pre-paid taxes assuming I might be able to work 50 weeks out of the year at that rate, all though most of my gigs were 6-9 months long and I always had about 1 month off in between gigs. I'd budget for that. Anyway, I'd always end up over paying and getting back $7-9,000. I 2019, though, I used the CARES Act to pull out 100k from my IRA to buy a home. Since it's unpenalized and it was an old traditional account, I've not repaid it because I don't see the point. True, I could lower my taxes a bit but since it was a traditional rather than a Roth, I'm not worried about it. Anyway, I'm distributing that $100k across 3 years so it's treated as me earning an additional $33k each year. I still need some tax documents to come in from the multiple retirement accounts I have, and then I always get straight on it. I assume I'll owe this year, but I have no clue how much. Regardless, we've over-budgeted for taxes this year and next, so I think we should be fine, but my gut says we'll likely owe around $4-5,000. Link to comment Share on other sites More sharing options...
Daniel_Doyce | 470 Posted February 13, 2022 Share Posted February 13, 2022 4 hours ago, TDIRunner said: I'll owe somewhere in the neighborhood of 10 grand, so I will be paying as late as possible. Don't you get yelled at for not doing quarterly payments? I send a check in every quarter to cover my dividend income and usually end up owing less than a grand. Or did you get a nice windfall from a security sale in 4Q? Link to comment Share on other sites More sharing options...
TDIRunner | 2,725 Posted February 13, 2022 Share Posted February 13, 2022 7 minutes ago, Daniel_Doyce said: Don't you get yelled at for not doing quarterly payments? I send a check in every quarter to cover my dividend income and usually end up owing less than a grand. Or did you get a nice windfall from a security sale in 4Q? It's a one off thing. I don't like money being stolen from me, so I prefer to pay it as late as possible without getting penalized. 1 Link to comment Share on other sites More sharing options...
avatar! | 1,807 Posted April 11, 2022 Share Posted April 11, 2022 Owed some moolah this year, as expected. Not that I make much mind you, I'm actually in one of the lower tax brackets https://www.forbes.com/advisor/taxes/taxes-federal-income-tax-bracket/ The nice thing, this year you can pay your Fed taxes using a credit card Link to comment Share on other sites More sharing options...
Tabonga | 2,314 Posted April 11, 2022 Share Posted April 11, 2022 I did mine a week ago or so - as expected I will get back between the state and feds about what I paid on taxes for the house. I had to jump through a few hoops because of Mrs. Tabonga's passing - especially on the state forms. That will happen just this year though. Link to comment Share on other sites More sharing options...
RH | 4,895 Posted April 11, 2022 Share Posted April 11, 2022 We withdrew money from our IRA to buy a home in 2020, and we’re spreading that across 3 years. The value of the home is doing way better than the IRA, so that’s good. Regardless, it means I have had to pay a good bit this year and likely the same next year. Link to comment Share on other sites More sharing options...
Kguillemette | 1,543 Posted April 13, 2022 Share Posted April 13, 2022 On 2/12/2022 at 12:47 AM, Kguillemette said: I owe 4 grand. I filled the new style w4 incorrectly apparently and haven't been paying income tax, or at least nearly enough. I had direct deposit, so it never really occurred to me to double check my paystub to make sure everything was correct. Money posted, great! Definitely filled out a new w4 right away so this doesn't happen again next year. Went to finally file and wound up with a nice return after entering the ctc form. I don't understand tax law whatsoever, but I'm glad it wound up working in my favor! Link to comment Share on other sites More sharing options...
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