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2013 Tax Season

Started by Admiral Yi, February 26, 2014, 04:41:12 PM

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dps

Quote from: sbr on February 27, 2014, 06:41:57 PM
Used Turbo tax again, and got back $4700.  I didn't expect or want that much back.

If you don't want it, I'll gladly take it off your hands.

sbr

Quote from: dps on February 27, 2014, 06:48:39 PM
Quote from: sbr on February 27, 2014, 06:41:57 PM
Used Turbo tax again, and got back $4700.  I didn't expect or want that much back.

If you don't want it, I'll gladly take it off your hands.

:P  No, I would just have preferred to have it in my paycheck last year, rather than get it back this year.

Grey Fox

That's not how society works.
Colonel Caliga is Awesome.

garbon

Quote from: Grey Fox on February 28, 2014, 07:50:26 AM
That's not how society works.

Yes it does. You change your withholding.
"I've never been quite sure what the point of a eunuch is, if truth be told. It seems to me they're only men with the useful bits cut off."
I drank because I wanted to drown my sorrows, but now the damned things have learned to swim.

KRonn

My taxes are done. Getting a few hundred back from the Feds, paying the state $20.  Pretty much breaking even which is fine with me. I have my withholding's setup that way rather than pay more tax during the year to get a big refund.

Grey Fox

Quote from: garbon on February 28, 2014, 08:44:03 AM
Quote from: Grey Fox on February 28, 2014, 07:50:26 AM
That's not how society works.

Yes it does. You change your withholding.

Is there a min or can you choose any numbers (like 0$)?
Colonel Caliga is Awesome.

crazy canuck

Quote from: Grey Fox on February 28, 2014, 09:50:39 AM
Quote from: garbon on February 28, 2014, 08:44:03 AM
Quote from: Grey Fox on February 28, 2014, 07:50:26 AM
That's not how society works.

Yes it does. You change your withholding.

Is there a min or can you choose any numbers (like 0$)?

You can choose any number you wish.  Although Quebec might be different given how they structure things.

Ideologue

Got back $1200 from fedgov like 3 weeks ago.
$700 from SC today.

I did my taxes early unlike you layabouts. :P
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Admiral Yi

1099-Ds and 1099-INTs don't generate as early as W4s.  :secret:

Grey Fox

Quote from: crazy canuck on February 28, 2014, 12:02:46 PM
Quote from: Grey Fox on February 28, 2014, 09:50:39 AM
Quote from: garbon on February 28, 2014, 08:44:03 AM
Quote from: Grey Fox on February 28, 2014, 07:50:26 AM
That's not how society works.

Yes it does. You change your withholding.

Is there a min or can you choose any numbers (like 0$)?

You can choose any number you wish.  Although Quebec might be different given how they structure things.

:hmm: maybe
Colonel Caliga is Awesome.

Admiral Yi

I think if you choose too many deductions on your W-2 and the difference between your withholding and your actual taxes ends up being too large, you pay a fine.

crazy canuck

Quote from: Grey Fox on February 28, 2014, 01:09:53 PM
Quote from: crazy canuck on February 28, 2014, 12:02:46 PM
Quote from: Grey Fox on February 28, 2014, 09:50:39 AM
Quote from: garbon on February 28, 2014, 08:44:03 AM
Quote from: Grey Fox on February 28, 2014, 07:50:26 AM
That's not how society works.

Yes it does. You change your withholding.

Is there a min or can you choose any numbers (like 0$)?

You can choose any number you wish.  Although Quebec might be different given how they structure things.

:hmm: maybe

did a quick check and there is indeed a separate form for Residents of Quebec that looks like it is fairly rigid in the calculation of withholding based on income.

Its not such a bad thing since in the rest of Canada the withholding still has to be based on a genuine pre-estimate of taxes to be paid but there may be less flexibility for you to decrease the amount of overpayment.

alfred russel

Quote from: Ideologue on February 28, 2014, 12:28:40 PM
Got back $1200 from fedgov like 3 weeks ago.
$700 from SC today.

I did my taxes early unlike you layabouts. :P

I did the calculations and figured out my tax liability early to adjust my tax withholdings accordingly. So unlike some layabouts I will have a trivial liability or refund.*




*None of this is true.
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.

There's a fine line between salvation and drinking poison in the jungle.

I'm embarrassed. I've been making the mistake of associating with you. It won't happen again. :)
-garbon, February 23, 2014

Admiral Yi


sbr

Quote from: Admiral Yi on February 28, 2014, 01:13:59 PM
I think if you choose too many deductions on your W-2 and the difference between your withholding and your actual taxes ends up being too large, you pay a fine.

I don't think there is any punishment for lettign them withhold too much from you.  I believe if you owe too much they can make you pay estimated taxes during the year to make sure it doesn't happen again.

This is all pretty much out of my ass though.