Damn these new tax laws!!!!!

[Big J]

I use to get a average of $3k back every year till this year. Only $1800 this year, I went to 2 different tax return services and they both explained it was due to the new tax laws imposed this year. Damn it.. I work 2 jobs just to get back $1800 back at the end of the year.

 

[okie556]

I use to get a average of $3k back every year till this year. Only $1800 this year, I went to 2 different tax return services and they both explained it was due to the new tax laws imposed this year. Damn it.. I work 2 jobs just to get back $1800 back at the end of the year.

Just be thankful you do not owe anything to the IRS. I would rather break even than have the government use my money.

 

[RetArmySgt]

I hate the fact that i dont get anything and dont owe anything but i still have to pay to file taxes.

 

[TexasRedneck]

I hate the fact that i dont get anything and dont owe anything but i still have to pay to file taxes.

Why not just do it yourself?

 

[Southpaw]

Any new tax laws would not effect your 2012 return. I'm assuming you are claiming a child and filing as Head of Household. If so, you might have made under the threshold for receiving the full amount.

 

[Younggun]

I use to get a average of $3k back every year till this year. Only $1800 this year, I went to 2 different tax return services and they both explained it was due to the new tax laws imposed this year. Damn it.. I work 2 jobs just to get back $1800 back at the end of the year.

I dropped a dependent and still only got half my usual refund. I'm dreading next year.

 

[Big J]

Any new tax laws would not effect your 2012 return. I'm assuming you are claiming a child and filing as Head of Household. If so, you might have made under the threshold for receiving the full amount.

Correct on both accounts.

 

[Renegade]

I use to get a average of $3k back every year till this year. Only $1800 this year, I went to 2 different tax return services and they both explained it was due to the new tax laws imposed this year. Damn it.. I work 2 jobs just to get back $1800 back at the end of the year.

I am not aware of any new tax laws affecting individual filing federal forms in 2012. I think they are FOS.

 

[Younggun]

I filed mine online as usual and noticed a couple of last years credits weren't there anymore.

It's also possible that it's due to a change in income but I attempted to account for that possibility by claiming less dependents than I have.

 

[RetArmySgt]

Why not just do it yourself?

I file online but since my (non-taxable) income is reported on a 1099-R and my wife gets a 1098-T for being in school i cant just file a 1040-EZ. If i could file on a 1040-EZ it would be free.

 

[txinvestigator]

You should never "try" to get money back. When you do, you are loaning the government money for zero interest. You would be better served to reduce your witholding and get as near to zero as possible. Invest the money you would have loaned out free.

 

[beaner]

^ this

That said, I dread doing taxes this year. Not like its ever enjoyable and I always end up owing. That didnt start happening until I got married.

 

[Mexican_Hippie]

You should never "try" to get money back. When you do, you are loaning the government money for zero interest. You would be better served to reduce your witholding and get as near to zero as possible. Invest the money you would have loaned out free.

X2

Overpaying your estimated taxes throughout the year is like sticking your money in a savings account you can't access and that pays you at 0% interest. With inflation you're actually losing money, not to mention the opportunity costs. Why would you ever want that?

You should increase the number of dependents you claim on your W-4.

 

[scap99]

I claim 99 dependents. Then pencil in an amount to withhold.
I pay taxes twice a year with my commission checks.

I've gotten good enough at it that I usually get within about +/- $300.00 of my total tax liability.

 

[TX69]

 

[A.Texas.Yankee]

Get this shit, guy I know gets more, yes MORE, back than he pays!!! Why work my ass off when it's cheaper to just procreate and live in a trailer?


Sent from my EVO using Tapatalk 2

 

[deemus]

Why not just do it yourself?

disaster waiting to happen. too many changes to keep up with too.

 

[deemus]

I am not aware of any new tax laws affecting individual filing federal forms in 2012. I think they are FOS.

You would be wrong. LOTS of changes, and tax laws extended that were supposed to expire.

 

[Southpaw]

You should never "try" to get money back. When you do, you are loaning the government money for zero interest. You would be better served to reduce your witholding and get as near to zero as possible. Invest the money you would have loaned out free.

The bulk of the OP's return is not overpayment, most of the $3000 he is seeking comes from the Child Tax Credit and claiming Head of Household and such. Of the $1,800 he's getting back I would say maybe $200-$400 of that is actual overpayment. That comes out to be about $8 to $15 every two weeks. Personally, I'd take the few hundred at the end of the year rather then throwing in $15 every two weeks to a savings account, which charges about that much per month just to maintain.

 

[Dcav]

Hell has anyone paid attention to they're pay stubs lately, quite a large increase in the tax taken out as of late.