Author Topic: Doing my taxes and this doesn't make sense to me...
.Kid. 
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Subject: Doing my taxes and this doesn't make sense to me...
I've been a full-time student and working part-time, so, I didn't make much in 2011. I've tried 2 different tax websites and both say the same thing: I get a full refund of fed and state tax that I paid. So, I pay nothing in taxes this year? Its a nice gesture to get $2K back, but its never happened before and I'm still dumbfounded. I always claim 0 on my W-4's in case the IRS tries raping me for cash - obviously not a guarantee, but its better than getting whammy'ed with a $2-$4K bill from the IRS.

Can someone please talk some clarity before I hit the 'File' button? Just doesn't make sense to pay $0 in taxes.

 

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Sith_Mauler 
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Subject: Doing my taxes and this doesn't make sense to me...
how much did you earn for the year?

 

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Gaevren 
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Subject: Doing my taxes and this doesn't make sense to me...
That actually sounds right to me. For the first several years of our marriage, while my husband was enlisted in the Army, we always got everything back we had paid in taxes. Our state didn't do state taxes so it was just federal, but yeah it can and does happen. More often than you might think.

 

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Tipztoe 
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Subject: Doing my taxes and this doesn't make sense to me...
I forget what the number is, but if you make under a certain amount yearly, you don't have to pay taxes.

 

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.Kid. 
Title: Disgustipated
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Subject: Doing my taxes and this doesn't make sense to me...
It was less than $6,000.

 

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Sith_Mauler 
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Subject: Doing my taxes and this doesn't make sense to me...
.Kid. posted:
It was less than $6,000.


yeah income has to be way above that number.

 

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Tipztoe 
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Subject: Doing my taxes and this doesn't make sense to me...
yeah don't quote me but 6k sounds about right

 

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.Kid. 
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Subject: Doing my taxes and this doesn't make sense to me...
Past 2 years I was working full-time (and full-time school), so, I guess so! Couldn't handle both and cut back on work. And I think my 401K f***ed me over one year. Just very, very strange to me

Edit: I just figured EVERYONE paid some percentage of tax unless you didn't earn income or w/e

 

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Sith_Mauler 
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Subject: Doing my taxes and this doesn't make sense to me...
.Kid. posted:
Past 2 years I was working full-time (and full-time school), so, I guess so! Couldn't handle both and cut back on work. And I think my 401K f***ed me over one year. Just very, very strange to me

Edit: I just figured EVERYONE paid some percentage of tax unless you didn't earn income or w/e


Nope we use a progressive tax system.
I did taxes last year and the number of people that pay nothing in and yet receives thousands back from EIC and other child tax credits etc.. is just mind boggling.

 

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Dark_EternalFF 
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Subject: Doing my taxes and this doesn't make sense to me...
I always have someone else do my taxes. You should too.

 

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Tipztoe 
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Subject: Doing my taxes and this doesn't make sense to me...
Dark_EternalFF posted:
I always have someone else do my taxes. You should too.


this and not H&R block..


I have an accountant lady that only charges a buck fifty for my wife's and mine and she's absolutely awesome.

 

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Chevya 
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Subject: Doing my taxes and this doesn't make sense to me...
Standard deduction is 5800. It's up from last year, not sure what it was then. If your income was only 6000, it kinda makes sense you don't owe anything. You may want to double check previous years and make sure the feds don't owe you money.

 

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AkagiyamaMissile 
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Subject: Doing my taxes and this doesn't make sense to me...
Tipztoe posted:
Dark_EternalFF posted:
I always have someone else do my taxes. You should too.


this and not H&R block..


I have an accountant lady that only charges a buck fifty for my wife's and mine and she's absolutely awesome.


H&R Is good for certain people. I don't have property or dependents, so I always do a simple return. It's free(the tax prep), and for 20.00 i get my check in 48 hours.

 

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pkhere 
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Subject: Doing my taxes and this doesn't make sense to me...
Tipztoe posted:
Dark_EternalFF posted:
I always have someone else do my taxes. You should too.


this and not H&R block..


I have an accountant lady that only charges a buck fifty for my wife's and mine and she's absolutely awesome.


accountant does ours too

she was the florist business accountant when we had it

she does ours for free happy

 

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JD_HOGG 
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Subject: Doing my taxes and this doesn't make sense to me...
Make sure you say a silent prayer of thanks to George Bush when you cash the check.

 

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-Abysmal- 
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Subject: Doing my taxes and this doesn't make sense to me...
i just use H&R block online...simple easy and cant really screw up at all.
it's like $50.

you should do the right thing and not mooch off of the taxpayers...send what you paid out in taxes to the Bureau of Public Debt!

 

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Lothland 
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Subject: Doing my taxes and this doesn't make sense to me...
-Abysmal- posted:
i just use H&R block online...simple easy and cant really screw up at all.
it's like $50.

you should do the right thing and not mooch off of the taxpayers...send what you paid out in taxes to the Bureau of Public Debt!



or use Turbo Tax and pay $20 and it's basically same program that H&R uses.

 

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Malrothien 
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Subject: Doing my taxes and this doesn't make sense to me...
AkagiyamaMissile posted:
Tipztoe posted:
Dark_EternalFF posted:
I always have someone else do my taxes. You should too.


this and not H&R block..


I have an accountant lady that only charges a buck fifty for my wife's and mine and she's absolutely awesome.


H&R Is good for certain people. I don't have property or dependents, so I always do a simple return. It's free(the tax prep), and for 20.00 i get my check in 48 hours.





H&R is never good. They're not accountants.

 

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FineYoungCannibals 
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Subject: Doing my taxes and this doesn't make sense to me...
simple rule for doing your own taxes- advice from my hired accounting firm



tell them how much you made, any deductions and how much you want back, send this info off to them

they will fix it for you and send it back, bang your taxes are done


this only works in Canada

 

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-Foxy- 
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Subject: Doing my taxes and this doesn't make sense to me...
if you dont make enough, then yeah, you get it all back.


an accountant friend does mine

 

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Chogram 
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Subject: Doing my taxes and this doesn't make sense to me...
Malrothien posted:
AkagiyamaMissile posted:
Tipztoe posted:
[quote=Dark_EternalFF]I always have someone else do my taxes. You should too.


this and not H&R block..


I have an accountant lady that only charges a buck fifty for my wife's and mine and she's absolutely awesome.


H&R Is good for certain people. I don't have property or dependents, so I always do a simple return. It's free(the tax prep), and for 20.00 i get my check in 48 hours.





H&R is never good. They're not accountants.[/quote]


H&R Block requires their people to go through yearly training in the same tax code as accountants(assuming the accountant actually does it).

It's the same thing only at double to triple the price.

 

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purplehugmonkey 
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Subject: Doing my taxes and this doesn't make sense to me...
Yeah, that is normal.

They will keep the medicare and SS and all that to a certain extent, I believe, but for actual income taxes paid you should get it back.

 

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jeune 
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Subject: Doing my taxes and this doesn't make sense to me...
everyone gets their first 5600 untaxed.

then like a 3600 deduction (or loophole depending on how you see it) for yourself and any dependents.

edit: this is why all the people arguing that poor people should be taxed are in essence just wanting to tax themselves even more.

 

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Lothland 
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Subject: Doing my taxes and this doesn't make sense to me...
Chogram posted:
Malrothien posted:
AkagiyamaMissile posted:
[quote=Tipztoe][quote=Dark_EternalFF]I always have someone else do my taxes. You should too.


this and not H&R block..


I have an accountant lady that only charges a buck fifty for my wife's and mine and she's absolutely awesome.


H&R Is good for certain people. I don't have property or dependents, so I always do a simple return. It's free(the tax prep), and for 20.00 i get my check in 48 hours.





H&R is never good. They're not accountants.[/quote]


H&R Block requires their people to go through yearly training in the same tax code as accountants(assuming the accountant actually does it).

It's the same thing only at double to triple the price.[/quote]

They take a 90 day course lol. They are trained to plug in the numbers where it tells them to, just like Turbo Tax does for everyone else.

 

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Jezza_Belle 
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Subject: Doing my taxes and this doesn't make sense to me...
Don't forget to claim the American Opportunity Credit for anything you paid in tuition, books, and any required supplies for school. Also, you might qualify for the Earned Income Credit since you made very little, the last time I checked it was anything under $10k qualified for single people without dependents.

you could easily end up with more than what you paid in.

 

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Itab 
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Subject: Doing my taxes and this doesn't make sense to me...
.Kid. posted:
It was less than $6,000.


That was my federal return this year.

 

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AkagiyamaMissile 
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Subject: Doing my taxes and this doesn't make sense to me...
Lothland posted:
Chogram posted:
Malrothien posted:
[quote=AkagiyamaMissile][quote=Tipztoe][quote=Dark_EternalFF]I always have someone else do my taxes. You should too.


this and not H&R block..


I have an accountant lady that only charges a buck fifty for my wife's and mine and she's absolutely awesome.


H&R Is good for certain people. I don't have property or dependents, so I always do a simple return. It's free(the tax prep), and for 20.00 i get my check in 48 hours.





H&R is never good. They're not accountants.[/quote]


H&R Block requires their people to go through yearly training in the same tax code as accountants(assuming the accountant actually does it).

It's the same thing only at double to triple the price.[/quote]

They take a 90 day course lol. They are trained to plug in the numbers where it tells them to, just like Turbo Tax does for everyone else.[/quote]

If that's so, then that's right up my alley....like i said, H&R are good for certain people. I don't have wacky this and that for my taxes, I get the simple return, done for FREE, then $20.00 bucks to get my check in 2 days.

 

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Jezza_Belle 
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Subject: Doing my taxes and this doesn't make sense to me...
AkagiyamaMissile posted:
Lothland posted:
Chogram posted:
[quote=Malrothien][quote=AkagiyamaMissile][quote=Tipztoe][quote=Dark_EternalFF]I always have someone else do my taxes. You should too.


this and not H&R block..


I have an accountant lady that only charges a buck fifty for my wife's and mine and she's absolutely awesome.


H&R Is good for certain people. I don't have property or dependents, so I always do a simple return. It's free(the tax prep), and for 20.00 i get my check in 48 hours.





H&R is never good. They're not accountants.[/quote]


H&R Block requires their people to go through yearly training in the same tax code as accountants(assuming the accountant actually does it).

It's the same thing only at double to triple the price.[/quote]

They take a 90 day course lol. They are trained to plug in the numbers where it tells them to, just like Turbo Tax does for everyone else.[/quote]

If that's so, then that's right up my alley....like i said, H&R are good for certain people. I don't have wacky this and that for my taxes, I get the simple return, done for FREE, then $20.00 bucks to get my check in 2 days.

[/quote]

$20 is a lot to pay IMO.

 

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