Anonymous
04/07/2014 13:30
Subject: Re:Post your 2013 Tax Refund or Tax Burden
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?
Anonymous
04/07/2014 13:25
Subject: Re:Post your 2013 Tax Refund or Tax Burden
Gross Income: $116K
Federal State Tax Liability: $1100
State Tax Liability: $0
Amount Owed IRS on Filing: $1100
Amount Owed State on Filing: $0
Federal State Tax Liability: $1100
State Tax Liability: $0
Amount Owed IRS on Filing: $1100
Amount Owed State on Filing: $0
Anonymous
04/07/2014 13:09
Subject: Re:Post your 2013 Tax Refund or Tax Burden
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
04/07/2014 13:06
Subject: Re:Post your 2013 Tax Refund or Tax Burden
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
04/07/2014 12:21
Subject: Re:Post your 2013 Tax Refund or Tax Burden
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.
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
04/07/2014 11:54
Subject: Re:Post your 2013 Tax Refund or Tax Burden
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.
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
04/07/2014 06:18
Subject: Post your 2013 Tax Refund or Tax Burden
$225k
Refund of $5k fed, $800 state
We will be adjusting withholding this year.
Refund of $5k fed, $800 state
We will be adjusting withholding this year.
Anonymous
04/07/2014 02:18
Subject: Post your 2013 Tax Refund or Tax Burden
$300k. Maxed 401k, some mortgage deduction, about $5k AMT.
Owed $400 fed, $200 state.
Owed $400 fed, $200 state.
Anonymous
04/06/2014 22:56
Subject: Post your 2013 Tax Refund or Tax Burden
290k
Owed $3k federal
Got back 1.5k DC
Owed $3k federal
Got back 1.5k DC
Anonymous
04/06/2014 21:15
Subject: Re:Post your 2013 Tax Refund or Tax Burden
HHI $350K,
deductions,
owe feds $1100
State refund $1900
deductions,
owe feds $1100
State refund $1900
Anonymous
04/06/2014 21:07
Subject: Re:Post your 2013 Tax Refund or Tax Burden
blarg. we owe way ore than any of you.
Anonymous
04/06/2014 21:03
Subject: Re:Post your 2013 Tax Refund or Tax Burden
DH working on tax return right now, expecting refund this year.
Anonymous
04/06/2014 20:56
Subject: Re:Post your 2013 Tax Refund or Tax Burden
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
04/06/2014 20:54
Subject: Post your 2013 Tax Refund or Tax Burden
HHI $230k
Married, 2 kids
Owe fed $1600
State refund $1700
We usually zero out in the end, which is my goal.
Married, 2 kids
Owe fed $1600
State refund $1700
We usually zero out in the end, which is my goal.
Anonymous
04/06/2014 20:48
Subject: Post your 2013 Tax Refund or Tax Burden
HHI $137k
Fed- owed $750
State- refund $2700
Fed- owed $750
State- refund $2700