Where’s Single - five figure loss?
Meh alright I guess can add that for the big ballers; edit - can’t change poll - just post here if that’s your case
Those married with no kids - how are you getting a return? We have a house with a fat interest and still expect at least -$10000. Do you guys have single income household?
Why don’t you have anything withheld? Lmao
Just got married and house - originally claimed 1 to reduce amount of taxes we were getting back when single... thought just changing to 0 would do it which was silly now should have calculated it out
Depends on how you filled out your W4, whether you paid estimated tax for extra income, etc. Not a very interesting poll.
Uhhh yeah most people don’t do any of that shot hence asking.. if 0 kids then claiming 0 defendants - no one bothers paying estimated tax 4x a year
Most people aren’t smart.
Married but file separately (effectively filing single) and imported W2 so far shows 4 figure return, without any other deductions yet.
If you get money back you are doing taxes wrong. You set your witholding lol
Yeah agree - government gets free interest;
Yeah it’s way better to owe the state five figures, then when you’re late you get to pay them interest!
Withholding tables are shitty, so we owed last year and will owe this year, both five figs. DINK w/house.
Yeah we were trying to be smart putting more away to stay under 326 (24% vs 32%) after deductions but probably won’t have that luxury next year..
Do you not understand marginal tax rates?
Compared to last year, no. Taxes didn't change this year. If anything, you need to fix your W4!
W4 is as high as they go - well besides possibly just changing it to withholding at the single tax bracket rate.. But as mentioned above that has its own losses
It should not be as high as they go. It has to be just right so that you deal with 3 digits at the most, preferably you owe that much. In any case, nothing changed in 2019 tax rates.
Wtf is this poll? Are you asking whether you did your own calculation on estimated tax in advance and adjusted your withholding accordingly to get a tax-free loan from the government without incurring a penalty? Then the answer is yes.
Yup seeing what people did or did not do on how common mistakes are.. btw you commented after scrolling down my dude so not sure what you’re asking
I’m asking who the morons are who don’t do tax planning plus add in some weird political bent to their poor personal financial management.
So single people can’t have a loss?