Originally Posted by displacedinMN:
Just want to tell everyone.....F taxes.
What happened? Most dudes are coming out favorably. Preparers are fussy because government made something simple insanely hard, but most dudes are better than they were before. [Reply]
Originally Posted by Buehler445:
What happened? Most dudes are coming out favorably. Preparers are fussy because government made something simple insanely hard, but most dudes are better than they were before.
I'm going to get killed this year. We overshot withholding last year, and the accountants' recommendations undershot us badly this year. Last December several clients paid late, just into January, and it kind of jacked up our projections. [Reply]
Originally Posted by Rain Man:
I'm going to get killed this year. We overshot withholding last year, and the accountants' recommendations undershot us badly this year. Last December several clients paid late, just into January, and it kind of jacked up our projections.
Fair enough.
And by and large fuck taxes.
But most guys are seeing benefit of the tax bill [Reply]
The problem is that taxes are stupidly confusing, so most people don't really understand them well enough to pay close attention to what their employers are doing with their withholdings. Most "normal" people did, indeed, pay fewer taxes this past year, but most also didn't withhold enough, so overall people are getting less back in refunds than they're used to. That's causing a lot of angst, as a lot of people use them as a sort of forced savings account that then allows them to catch up on some things once a year.
In other words, yes, people paid fewer taxes this year. But most just absorbed the extra $50 per paycheck without really noticing it but are now short the extra $500 they were typically used to at the end. To 90% of people, that feels like the tax bill screwed them over even when it really didn't.
Originally Posted by DaFace:
The problem is that taxes are stupidly confusing, so most people don't really understand them well enough to pay close attention to what their employers are doing with their withholdings. Most "normal" people did, indeed, pay fewer taxes this past year, but most also didn't withhold enough, so overall people are getting less back in refunds than they're used to. That's causing a lot of angst, as a lot of people use them as a sort of forced savings account that then allows them to catch up on some things once a year.
In other words, yes, people paid fewer taxes this year. But most just absorbed the extra $50 per paycheck without really noticing it but are now short the extra $500 they were typically used to at the end. To 90% of people, that feels like the tax bill screwed them over even when it really didn't.
Makes sense. I haven’t done a ton of W-2 only returns, but the ones I have the federal is OK but the state is way underwithheld. Because Kansas. [Reply]
