Just got my W2 today and my 1099 last week so I went on line to file my taxes. Not too bad but after I printed them out I saw where my state took 13 pages but the Fed only took 4 pages. The state of Missouri needs to reduce the bureaucracy and get over themselves.
Another year another tax filling
- Thread starter grover99
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Filed mine today as well. No state income tax here. We pay a small fortune in property tax, though. They're gonna get you one way or another.
THE PILGRIM
Member
Still waiting for my data from my Broker.
So I can fill the Dirt on the Dog Schedule.
So I can fill the Dirt on the Dog Schedule.
Yeah, I did both mine and Mom's final one this week. Will have one more for her estate next year to finish things off.
abigails&w
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Also only federal
WA state here... only federal return done. One of nine that have this.
WA state here... only federal return done. One of nine that have this.
I am in that boat also. I do a bit of investing in medical REITs and by law REITs are allowed extra time before they have to send out final paperwork.
Its realy not a big deal as I rarely owe or get back more that a few dollars. (Good accountant) I never could understand the "logic" of giving the governments a lot of money to hold and then send it back to me when my paperwork is sent in!-
I'm still waiting on 1099s, etc. I did get my property tax bill from the city & county. I hate paying that one. For a small city, they sure do get the tax bills out fast around here.
We pay estimated tax quarterly. Apparently we overpaid state tax last year so we received a "refund".
Yesterday we received a 1099 from the state, income to be reported. How in the world is an overpayment returned now considered income?
Yesterday we received a 1099 from the state, income to be reported. How in the world is an overpayment returned now considered income?
Because you get to deduct state taxes paid against your federal taxes. So a refund of part of those state taxes that you deducted now becomes additional income at the federal level.
It's actually perfectly logical if you think through the numbers.
I believe if you used the standard deduction last year, your State refund isn't taxable.
THE PILGRIM
Member
Google say -
'Your state refund isn't taxable if you took the Standard Deduction on last year's tax return instead of itemizing your deductions on Schedule A. Generally, your state refund is taxable if you deducted your state tax payments on last year's federal tax return.'
But the absolute best foolproof technique is to owe State Taxes.
When you owe, no refund!
'Your state refund isn't taxable if you took the Standard Deduction on last year's tax return instead of itemizing your deductions on Schedule A. Generally, your state refund is taxable if you deducted your state tax payments on last year's federal tax return.'
But the absolute best foolproof technique is to owe State Taxes.
When you owe, no refund!
Being as SS is My only income I don't have to file. Kind of nice, but broke.
Lots of people whose only income is Social Security still have to file income taxes. If you truly qualify to not file, it's because of other things than JUST that your only income is Social Security.
LVSteve
Member
Ain't that a fact. The joke here is that tax is actually spelled f-e-e is Nevada. Oh, and then there is our sky-high car insurance rates. Mutter.
Still, to cheer us up, here is a young lady to sing how she will get you, one way or another.
[ame]https://www.youtube.com/watch?v=KXewIR7Y7cc[/ame]
I've been doing my own taxes since I was 14, Fifty-five years ago. My father told me to do it and get used to it. Sound advice.
With paper, pencil, and calculator it was sometimes a month long ordeal. The computer programs we have make it so much easier.
For the past few years the only way to file State Taxes in New York is on-line.
With paper, pencil, and calculator it was sometimes a month long ordeal. The computer programs we have make it so much easier.
For the past few years the only way to file State Taxes in New York is on-line.
fiasconva
US Veteran
I at least started my process this year and downloaded TurboTax. I'm in no hurry to file since I'll have to pay. 
I'll make them wait awhile before they get my money.
I'll make them wait awhile before they get my money.Depending on how much you have to pay, it might be a good thing. Much better to pay a little than it is to get a big refund. Big refund means that you have been loaning money to the government, interest free, for the year.I'm in no hurry to file since I'll have to pay.
As painful as it is to have to pay a lot, what that means is that the government has been loaning YOU money, interest free, for the year. That sounds better to me than the other way around!
Personally, I estimate as well as I can, and try to end up either paying just a little, or getting back just a little. This year I'm getting back about $700, which is more than I would prefer, but not too bad.
I took things one step further and finally hired an accountant. The first year he found enough legitimate credits/deductions to pay for his fee and I eliminated a whole lot of stress from my life.
I at least started my process this year and downloaded TurboTax. I'm in no hurry to file since I'll have to pay.
You know, you can file now and have them deduct the payment from your account on the filing deadline date (usually 4/15.)
Jeff423
US Veteran
I did that about 40 yrs. ago. Worth every dollar paid.
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