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stopbush

(24,396 posts)

27. We've gone from a $2000 Fed refund to owing $5500.

Reply to imanamerican63 (Original post)

Tue Mar 19, 2019, 10:46 AM

Mar 2019

Let’s say the reversal of fortune was tRump inpired: the agent at ADP who figured out deductions for the nonprofit where I was working got confused by the new tax guidelines and treated every employee at our place as exempt, which meant no Fed tax was withheld. As we all had direct deposit - and as there had never been a problem before - we just assumed things were normal. I was expecting a refund this year. I nearly fell over when I got my W2 to see that only $161 had been withheld in Fed tax.

Needless to say, I don't have that kind of $ sitting around. Looks like we’ll be paying in installments and incuring penalties.

We will be getting $1500 back in our CA state taxes.

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28 replies

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I filed my taxes and all I can say WTF! [View all] imanamerican63 Mar 2019 OP

But think of it in a positive light, we are helping support our deranged president's golf trips! RKP5637 Mar 2019 #1

I'll find out soon Awsi Dooger Mar 2019 #2

There's such a thing as gambling income? lagomorph777 Mar 2019 #4

First, you have to actually win. Win money. In the rare event that it happens, ... JustABozoOnThisBus Mar 2019 #6

Pa. casinos ask if you want the winnings withheld. N.J. just takes it. 3Hotdogs Mar 2019 #7

Yeah, problem is, the losses don't offset the winnings. JustABozoOnThisBus Mar 2019 #9

Mississippi takes it on the spot too. I'm not lucky, but a few of my friends are. oldsoftie Mar 2019 #11

perhaps the poster wagers on sporting events Celerity Mar 2019 #10

...and loses bigly. WheelWalker Mar 2019 #12

Not if they are claiming gambling income. Celerity Mar 2019 #24

Well, at least the corporations and wealthy got big tax cuts IronLionZion Mar 2019 #3

If you were a billionaire, you would be winning. keithbvadu2 Mar 2019 #5

For me the bottom line didn't change much Shrek Mar 2019 #8

Thats been the push for a long time. I think the bigger personal deduction will do it for many. oldsoftie Mar 2019 #13

I got back 1/10th what I received last year debsy Mar 2019 #14

There's something else Trump was right about jmowreader Mar 2019 #15

Similar Story Here Best_man23 Mar 2019 #16

I had a $1700 reversal. Reader Rabbit Mar 2019 #17

Agree! The Conductor Mar 2019 #18

But if you were a Trump supporter, all that would be wiped clean by the burning hate in your soul. pdsimdars Mar 2019 #19

Employees have never been allowed to deduct work expenses... Honeycombe8 Mar 2019 #20

I've got $16,382.16 more to play with this year. Pathetic winner here. Amimnoch Mar 2019 #21

It's also shameful that over 40% of Americans didn't Hortensis Mar 2019 #22

I'm getting my taxes done on Wednesday. PoindexterOglethorpe Mar 2019 #23

Our taxes improved by only a couple hundred. Baitball Blogger Mar 2019 #25

Thanks Donald! Blue Owl Mar 2019 #26

We've gone from a $2000 Fed refund to owing $5500. stopbush Mar 2019 #27

I'm assuming your a W-2 employee Sgent Mar 2019 #28