Just did my taxes....

[13COBRA]

Don't know how it works in other states, but Alabama you pay tax on last year's federal tax return (if you get one)

I'm not sure that's accurate.

 

[VegasMichael]

I'm not sure that's accurate.

It varies on the individual and how they did their deductions but it is possible to be taxed on a state refund.

For a federal refund to be taxable I believe the only time that happens is if the IRS pays you interest atop your refund in which case you pay taxes on the interest only.

P.S. The IRS tax code is the biggest shit show on Earth.

 

[13COBRA]

It varies on the individual and how they did their deductions but it is possible to be taxed on a state refund.

For a federal refund to be taxable I believe the only time that happens is if the IRS pays you interest atop your refund in which case you pay taxes on the interest only.

P.S. The IRS tax code is the biggest shit show on Earth.

Correct, on all counts haha

 

[roy_1031]

I don't know if I'm more shocked by how much you owe or by all the financial terms that everyone but me understands.

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You’re not alone. I had no idea half my name here was a tax document! Haha


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[03Sssnake]

 

[Roots-type]

I've always wondered where my tax break is for "choosing" not to have children.

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That would be nice. And deserved. But if that sort of responsible behavior was encouraged, then we wouldn't meet their future needs of more tax payers and bullet sponges. And that just wouldn't fit the agenda.

 

[Deceptive]

For that WAP, Tyre was willing to change his pronouns to was/were.

 

[JimCSHO]

Finished my taxes. Getting a refund of $1700 from the state, but owe the feds $4000. Guess I need to adjust the withholdings - I added extra last year on the fed withholding and thought it was enough. My wife though didn't have enough withheld from her SS and pension.