Tax return got me like...
- Thread starter CHRISHOGGALYPSE
- Start date
Ya getting back 14k would be tough, because you can claim as many as you want, but only i believe three kids get the child tax credit, and by the time you make 200k, your in such a high tax bracket, you will inevitably have to pay. I know for me, i pay a shit load for day care so i get about 15 cents on the dollar back for child care expenses, and paying on interest all year for student loans helps too (or interest on a home).
Btw, its hillarious how many ppl get tats during tax season. the guy i go to is like booked out 3 weeks in advance in the spring.
Btw, its hillarious how many ppl get tats during tax season. the guy i go to is like booked out 3 weeks in advance in the spring.
I have 2 kids and was a single father all last year on my taxes but I only get to claim 1 of the kids. If I was claiming both, I woulda hit like 3 grand easy, and I only pulled in like 38k last year I think of actual taxable income. I got back like 2700 this year though but gotta pay for an actual "wedding" and honeymoon outta pocket in May. I hope to re-coup a lot of that but we'll see
i know some 1099 fuckers who be writing so much shit off and get big ass returns. they go to the grocery store to shop and "say" they purchased a pen there for business, write off the whole damn trip, miles and all. But ya, if you have someone who is invested to help you with those gray areas and try to maximize, then you will do better.
Hell yea if you run a business from home all that shit is deductible.. Utilities,internet,mortgage and all... My dad did that this year and he got back racks and he just runs a landscape crew out the shed in the back yard lol
Props:
Mixerr and Mixerr
There really isnt any mystery.
I claimed single 1 the whole year but got married in April. My wife doesnt report any income.
I grossed $108,000. I also bought my house in 2012 so i had my closing costs, interest, and mortgage insurance to write off. I also have student loans and can write off up to $2,500 in student loan interest.
I contribute 9% to my 401-K (4.5% traditional / 4.5% roth) so that helped lower my AGI.
I also had some other non-profit contributions as a write off.
I changed it for this year and now claim married 5 because i dont want the government working off my $ anymore. Id rather owe them at the end of the year. But even at married 5, i still might get some back as I am having a child in 2013.
I claimed single 1 the whole year but got married in April. My wife doesnt report any income.
I grossed $108,000. I also bought my house in 2012 so i had my closing costs, interest, and mortgage insurance to write off. I also have student loans and can write off up to $2,500 in student loan interest.
I contribute 9% to my 401-K (4.5% traditional / 4.5% roth) so that helped lower my AGI.
I also had some other non-profit contributions as a write off.
I changed it for this year and now claim married 5 because i dont want the government working off my $ anymore. Id rather owe them at the end of the year. But even at married 5, i still might get some back as I am having a child in 2013.
Me and Wife owe 4K to the feds and state. shit sucks and we bought our first house last year. WTF, we both claimed 1 married last year.
Props:
S.SAVAGE and S.SAVAGE
