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Message
2023 Tax Filing
Posted on 2/6/24 at 10:45 am
Posted on 2/6/24 at 10:45 am
Anyone else seeing a shift in your prep filing of 2023 taxes?
I'm noticing preliminarily that I owe considerably for 2023 whereas 2022 returned a refund to me. No shift in income.
Even with the income thresholds for the 2023 tax brackets adjusted significantly (up about 7% — from 2022 due to record-high inflation) it's rather astonishing the YoY swing.
I'm noticing preliminarily that I owe considerably for 2023 whereas 2022 returned a refund to me. No shift in income.
Even with the income thresholds for the 2023 tax brackets adjusted significantly (up about 7% — from 2022 due to record-high inflation) it's rather astonishing the YoY swing.
7
Posted on 2/6/24 at 10:48 am to Nu Iota Prophet
Yes. We typically get back a significant refund, this year we owe about the same amount as the usual refund...
This post was edited on 2/6/24 at 10:48 am
Posted on 2/6/24 at 11:05 am to Nu Iota Prophet
paid more this year for same income
Posted on 2/6/24 at 11:16 am to Nu Iota Prophet
I’m conservative on my withholdings (giving extra to Uncle Sam), and yet I’m paying them this year. I’m ticked.
Also I got screwed on HSA contribution limits (apparently a family limit applies to everyone in the family, even if you’re on separate plans) and now I have to figure out how to report a withdrawal from my HSA for income taxing.
Also I got screwed on HSA contribution limits (apparently a family limit applies to everyone in the family, even if you’re on separate plans) and now I have to figure out how to report a withdrawal from my HSA for income taxing.
Posted on 2/6/24 at 11:45 am to Nu Iota Prophet
Makes no sense to evaluate your taxes by simply looking at return vs owing. What was your taxable income, what was the resultant taxes owed, did you have same credits or not..crunch the numbers and find effective tax rate. Only number that matters.
Posted on 2/6/24 at 12:47 pm to Nu Iota Prophet
Check your credits and check your withholding
Posted on 2/7/24 at 2:07 pm to Nu Iota Prophet
No one understands tax because the tax code is retarded and our media.
You have people who actually believe businesses and the wealthy pay zero taxes and only the poor pay taxes.
You have people who actually believe businesses and the wealthy pay zero taxes and only the poor pay taxes.
Posted on 2/9/24 at 1:56 pm to Nu Iota Prophet
My taxable income did go up about 10K, but las year we got back over $3,000 and this year we owe $200 for federal and are getting back $280 for stated. No changes to withholdings either.
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