Author Topic: chum1's dumb job stories  (Read 25824 times)

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Offline catastrophe

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Re: chum1's dumb job stories
« Reply #550 on: May 05, 2021, 09:00:06 AM »
If there is something that the IRS routinely reports to employers that would be a giveaway, I don't know what it is. I don't plan on exceeding the IRS 401k contribution limit with the combined amount.
What about when you fill out your income tax withholding paperwork?

Yeah, I'm not going to tell them to withhold more due to the anticipated percentage increase from more income. So, I'll be paying more tax out of pocket.
You just have to be a little careful cause the IRS can ding you for under withholding even if you do settle the tab at tax time. I think they’ll usually give you a warning at least the first time though.

Offline Stupid Fitz

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Re: chum1's dumb job stories
« Reply #551 on: May 05, 2021, 09:04:26 AM »
If there is something that the IRS routinely reports to employers that would be a giveaway, I don't know what it is. I don't plan on exceeding the IRS 401k contribution limit with the combined amount.
What about when you fill out your income tax withholding paperwork?

Yeah, I'm not going to tell them to withhold more due to the anticipated percentage increase from more income. So, I'll be paying more tax out of pocket.
You just have to be a little careful cause the IRS can ding you for under withholding even if you do settle the tab at tax time. I think they’ll usually give you a warning at least the first time though.

yep, mine got messed up somehow and I got dinged for not withholding enough.

Offline chum1

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Re: chum1's dumb job stories
« Reply #552 on: May 05, 2021, 09:15:03 AM »
Good to know. Thank you! I'll try to withhold accordingly.

Just off the top of my head, I think if I withhold both at the single level, I should break about even.

Offline michigancat

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Re: chum1's dumb job stories
« Reply #553 on: May 05, 2021, 09:22:38 AM »
Good to know. Thank you! I'll try to withhold accordingly.

Just off the top of my head, I think if I withhold both at the single level, I should break about even.

I mean you could also withhold as if your spouse made a shitload of money. No one would give a crap.

Offline yoga-like_abana

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Re: chum1's dumb job stories
« Reply #554 on: May 05, 2021, 09:28:18 AM »
Should incorporate and hire your wife

Offline chum1

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Re: chum1's dumb job stories
« Reply #555 on: May 05, 2021, 09:50:27 AM »
Good to know. Thank you! I'll try to withhold accordingly.

Just off the top of my head, I think if I withhold both at the single level, I should break about even.

I mean you could also withhold as if your spouse made a shitload of money. No one would give a crap.

For sure. But then I'd have to calculate an actual amount. Too much work!

Offline Stupid Fitz

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Re: chum1's dumb job stories
« Reply #556 on: May 05, 2021, 10:32:59 AM »
Good to know. Thank you! I'll try to withhold accordingly.

Just off the top of my head, I think if I withhold both at the single level, I should break about even.

I mean you could also withhold as if your spouse made a shitload of money. No one would give a crap.

For sure. But then I'd have to calculate an actual amount. Too much work!

yeah, its a PITA. I have no idea what really happened to mine. I think we switched HR systems and the designations changed or something. I did my taxes this year and Turbo tax was like, dude, you weren't even close. Nothing really changed at all and my withholding was way low. I've been following it along so far this year, but seeing how much they take out and then going through all of your deductions is a huge pain to determine how much. The US has a really stupid system. Why in the hell is it up to me to figure out all of their stupid tax laws and loopholes? Just tell me how much I owe and I'll pay it?

Online steve dave

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Re: chum1's dumb job stories
« Reply #557 on: May 05, 2021, 10:38:18 AM »
chum doesn't have time for that. the man's working two full time jobs for christ sake. and having to update this thread.

Offline star seed 7

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Re: chum1's dumb job stories
« Reply #558 on: May 05, 2021, 11:12:19 AM »
My withholding was messed up this year too after many years of +/- $100 so it might be something systemic
Hyperbolic partisan duplicitous hypocrite

Offline Stupid Fitz

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Re: chum1's dumb job stories
« Reply #559 on: May 05, 2021, 01:13:11 PM »
My withholding was messed up this year too after many years of +/- $100 so it might be something systemic

Weird. I've always been the same too. Normally owe a bit or got back a bit, but no big swings. Owed a crap ton this year and got fined.  :dunno: Probably Obama's fault

Offline catastrophe

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Re: chum1's dumb job stories
« Reply #560 on: May 05, 2021, 02:34:46 PM »
I think some employers were definitely thrown after the tax cuts.

Offline Winters

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Re: chum1's dumb job stories
« Reply #561 on: May 05, 2021, 02:41:28 PM »
I want to hire, Chum. Let me know.  :D
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