Current Events > God damn I owe almost 2k in taxes this year

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[deleted]
02/08/24 12:02:11 PM
#7:


[deleted]
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VeggetaX
02/08/24 12:20:36 PM
#1:


Paying over 600 in federal
Receiving like 27 bucks from State
Paying 1200 in City

I pay that much in City because I WFH so my job doesn't deduct anything to pay for city.

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#2
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tankboy
02/08/24 12:36:21 PM
#3:


Sounds like you have to adjust your withholdings this year.
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Anony1125
02/08/24 12:37:13 PM
#4:


I owed like $25k in 2020, thank god I'm poor now so I don't have to worry about it.

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NittanyLions23
02/08/24 12:37:52 PM
#5:


Owing is a good thing.

that means you had $2,000 you could have invested in stocks and potentially doubled.

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rexcrk
02/08/24 12:38:12 PM
#6:


I see what youre saiyan

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#8
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FolkenRawr
02/08/24 1:32:09 PM
#9:


... City? What

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VeggetaX
02/08/24 1:33:54 PM
#10:


FolkenRawr posted...
... City? What
How is this confusing unless you live outside of America

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FolkenRawr
02/08/24 1:38:39 PM
#11:


VeggetaX posted...
How is this confusing unless you live outside of America

I've never heard of filing city taxes.

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VeggetaX
02/08/24 1:42:35 PM
#12:


FolkenRawr posted...
I've never heard of filing city taxes.
Some do depending where you live.

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willythemailboy
02/08/24 1:45:44 PM
#13:


FolkenRawr posted...
I've never heard of filing city taxes.
https://www.stlouis-mo.gov/government/departments/ comptroller/initiatives/ us-cities-that-levy-earnings-taxes.cfm

NYC income tax rate is legit higher than some states' income tax rates (even not counting states with no income tax)

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Returning_CEmen
02/08/24 1:47:31 PM
#14:


Im scared to see how much I am going to owe. Thankfully I get to deduct a lot as part of my income is self employment.

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Dakimakura
02/08/24 1:49:00 PM
#15:


Thanks Obama

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Samurai_Man
02/08/24 1:52:51 PM
#16:


TurboTax was telling me I owed like 1200 this year, had my accounting firm do them and wound up getting back $200 lol. Not using TurboTax again

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Anony1125
02/08/24 2:10:42 PM
#17:


[LFAQs-redacted-quote]


I'm sorry, I'm not really sure what you're asking. I paid what I owed in 2020, but now I don't make enough to have to worry about anything like that happening again. Virtuous poor and all that.

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VeggetaX
02/08/24 2:11:21 PM
#18:


Samurai_Man posted...
TurboTax was telling me I owed like 1200 this year, had my accounting firm do them and wound up getting back $200 lol. Not using TurboTax again
I thought they only did state and federal?

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Samurai_Man
02/08/24 2:19:45 PM
#19:


VeggetaX posted...
I thought they only did state and federal?
I only have to pay Federal taxes

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DarkDoc
02/08/24 2:44:31 PM
#20:


Damn I pay well over 1000 per month. Let's call it $16,000 per year.
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rivers
02/08/24 3:14:01 PM
#21:


I get to write off $3,000 per year for the rest of my life, so I'll probably get a grand back when I file next week
That will go straight into 2025 calls because I'm a gambling addict (hence the carryover)

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