Taxes

[Panjandrum]

Same for me Mrs. Gooch. Getting not much back but that's ok. I tried to set it up where I wasn't giving the feds a $2500 interest free loan anymore

it still drives me crazy when people say this crap.  it's not the 70s anymore, you inflationmongers.  the interest you're forgoing on that loan is like 50 cents.

Agreed.  However, my strategy is to set up an operating budget and use the money that I normally saved for large withholding amounts to other things that can get me further deductions like IRA's, 529's, etc.

Basically, there's risk involved, but I'm trying to further my deductions with money that I was normally withholding.

[star seed 7]

I owe money this year

[mocat]

I owe money this year

YOU TOOK OUT AN INTEREST FREE LOAN FROM THE GOVT!  great job

[HerrSonntag]

I owe money this year

YOU TOOK OUT AN INTEREST FREE LOAN FROM THE GOVT!  great job

Its materially different when the government can charge you a fee if you take out too big of an interest free loan whereas the reverse is not true.

[Mrs. Gooch]

Yeah, lib^7 better hope he doesn't have to pay a penalty.

One year I had the same idea as Cf3 and then I didn't pay enough in and had to pay a big tax bill (luckily I had keep all that extra in savings) plus a penalty.

[Rage Against the McKee]

i think i found it.  must be the only one in the country.  sounds like they expect to make money on the card transaction fees and give out a high % rate in return.  basically the same concept as the miles/points you get on cc spend.

https://www.gpcu.org/Accounts/Checking/Golden-Rewards-Checking-FAQ.aspx

Yeah, that's what I use.

[slobber]

My investments made a lot more than 0.25% last year.

risk v risk free.

who would have guessed that sys stores his money under a mattress because he is afraid of a little risk. Major turn of events.


Gonna win 'em all!

[sys]

who would have guessed that sys stores his money under a mattress because he is afraid of a little risk. Major turn of events.

i don't.  i'm insanely insensitive to investment risk.  but i know the difference.

[star seed 7]

Yeah, lib^7 better hope he doesn't have to pay a penalty.

One year I had the same idea as Cf3 and then I didn't pay enough in and had to pay a big tax bill (luckily I had keep all that extra in savings) plus a penalty.

it's only like $300.  unique situation to this year

[john "teach me how to" dougie]

Yeah, lib^7 better hope he doesn't have to pay a penalty.

One year I had the same idea as Cf3 and then I didn't pay enough in and had to pay a big tax bill (luckily I had keep all that extra in savings) plus a penalty.

it's only like $300.  unique situation to this year

 

[star seed 7]

Yeah, lib^7 better hope he doesn't have to pay a penalty.

One year I had the same idea as Cf3 and then I didn't pay enough in and had to pay a big tax bill (luckily I had keep all that extra in savings) plus a penalty.

it's only like $300.  unique situation to this year

 

whatever you're thinking is probably incorrect

[nicname]

Yeah, lib^7 better hope he doesn't have to pay a penalty.

One year I had the same idea as Cf3 and then I didn't pay enough in and had to pay a big tax bill (luckily I had keep all that extra in savings) plus a penalty.

it's only like $300.  unique situation to this year

 

whatever you're thinking is probably incorrect

A bit of contract work? 1099?

[The Big Train]

i made my first "generous" donation to KSU this year, how do I get that added/known to the IRS?

[meow meow]

i made my first "generous" donation to KSU this year, how do I get that added/known to the IRS?

I think just call up and tell them.

[slobber]

$1500 to Feds, $200 to the state. NOT TOO BAD!


Gonna win 'em all!

[tdaver]

i think i found it.  must be the only one in the country.  sounds like they expect to make money on the card transaction fees and give out a high % rate in return.  basically the same concept as the miles/points you get on cc spend.

https://www.gpcu.org/Accounts/Checking/Golden-Rewards-Checking-FAQ.aspx

Yeah, that's what I use.

I have found something like this everywhere I have lived, always with smaller local/regional banks.  For those around ICT, Emprise Bank has one but high rate is only for the first 10k.  Can open multiple accounts tho.

[chum1]

I put it off as long as possible. That way, I get a refund in like June and am like, "Hey, I can get another one of these in six months if I really want to." But instead of actually getting another refund six months later, I start the process all over again. What a rush.

So, I guess you can go up to three years without forfeiting any refund. So, I'm thinking about filing for both my 2014 and 2015 refunds in spring of 2016. You know, just for the hell of it. Two refunds at once!

[420seriouscat69]

Anyone know of a cheap tax person in KC? Mine are a little complicated.

[star seed 7]

what's complicated bud?

[420seriouscat69]

Worked for 3 different companies in 2015 (2 in KS, 1 in MO), live in MO, & paid a good deal of interest in student loans.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Yeah, lib^7 better hope he doesn't have to pay a penalty.

One year I had the same idea as Cf3 and then I didn't pay enough in and had to pay a big tax bill (luckily I had keep all that extra in savings) plus a penalty.

it's only like $300.  unique situation to this year

 

whatever you're thinking is probably incorrect

A bit of contract work? 1099?

Almost certainly didn't make enough for that fat EIC or alimony.
 

It's funny because he's such a loser

[star seed 7]

i doubt any of that is much of a problem for one of the free sites

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Worked for 3 different companies in 2015 (2 in KS, 1 in MO), live in MO, & paid a good deal of interest in student loans.

TurboTax

[HerrSonntag]

Worked for 3 different companies in 2015 (2 in KS, 1 in MO), live in MO, & paid a good deal of interest in student loans.

TurboTax

TurboTax should make quick work of your situation

[420seriouscat69]

Thanks bros!