Post your 2013 Tax Refund or Tax Burden

[Anonymous]

HHI $137k
Fed- owed $750
State- refund $2700

[Anonymous]

HHI $230k
Married, 2 kids

Owe fed $1600
State refund $1700

We usually zero out in the end, which is my goal.

[Anonymous]

Overpaid fed by about $45,000. No big deal as it goes to our 4/15 estimated payment which is about that amount. Income varies quite a bit from year to year so we have to withhold at the safe harbor levels.

[Anonymous]

DH working on tax return right now, expecting refund this year.

[Anonymous]

blarg. we owe way ore than any of you.

[Anonymous]

HHI $350K,
deductions,
owe feds $1100
State refund $1900

[Anonymous]

290k
Owed $3k federal
Got back 1.5k DC

[Anonymous]

$300k. Maxed 401k, some mortgage deduction, about $5k AMT.

Owed $400 fed, $200 state.

[Anonymous]

$225k

Refund of $5k fed, $800 state

We will be adjusting withholding this year.

[Anonymous]

HHI 90k
Taxable income this year under 20k
Rental loss
Capital gains loss
Other losses
Mortgage deduction
Child credits
Charitable donations etc
Federal refund = $5500
DC refund = $2k

We typically break even so this year is highly unusual. We had some unusual situations and considerable deductible losses. We actually ended up with a tax liability of zero.

[Anonymous]

HHI $188 for 2013 (will go up substantially as I was unemployed for 8 weeks in 2013 but started 2014 with a new job at a 20% raise)
mortgage deduction
child credits/deduction

Owed $392 federal, MD refund of $702.

As my spouse works for the IRS, we couldn't get away with owing that much. If you owe more than $1K and are an IRS employee, you get flagged for an internal audit, you get a ding on your employee record and you have to change your withholding or pay quarterly estimated taxes for the next year. I have to religiously check our withholdings and spot check our taxes once or twice midyear to make sure we're on track.

[Anonymous]

Anonymous wrote:HHI $188 for 2013 (will go up substantially as I was unemployed for 8 weeks in 2013 but started 2014 with a new job at a 20% raise)
mortgage deduction
child credits/deduction

Owed $392 federal, MD refund of $702.

As my spouse works for the IRS, we couldn't get away with owing that much. If you owe more than $1K and are an IRS employee, you get flagged for an internal audit, you get a ding on your employee record and you have to change your withholding or pay quarterly estimated taxes for the next year. I have to religiously check our withholdings and spot check our taxes once or twice midyear to make sure we're on track.

Wow. Very interesting. Seems unfair though as if you have a lot of changes in a year you could be screwed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:HHI $188 for 2013 (will go up substantially as I was unemployed for 8 weeks in 2013 but started 2014 with a new job at a 20% raise)
mortgage deduction
child credits/deduction

Owed $392 federal, MD refund of $702.

As my spouse works for the IRS, we couldn't get away with owing that much. If you owe more than $1K and are an IRS employee, you get flagged for an internal audit, you get a ding on your employee record and you have to change your withholding or pay quarterly estimated taxes for the next year. I have to religiously check our withholdings and spot check our taxes once or twice midyear to make sure we're on track.

Wow. Very interesting. Seems unfair though as if you have a lot of changes in a year you could be screwed.

Yeah that's crazy! I try sooo hard to get my witholdings correct, but it never is!

[Anonymous]

Gross Income: $116K

Federal State Tax Liability: $1100

State Tax Liability: $0

Amount Owed IRS on Filing: $1100

Amount Owed State on Filing: $0

[Anonymous]

Anonymous wrote:HHI 90k
Taxable income this year under 20k
Rental loss
Capital gains loss
Other losses
Mortgage deduction
Child credits
Charitable donations etc
Federal refund = $5500
DC refund = $2k

We typically break even so this year is highly unusual. We had some unusual situations and considerable deductible losses. We actually ended up with a tax liability of zero.

I don't understand?