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Tax Season!!
#17
(02-08-2019, 02:20 PM)Otter Wrote:
(02-08-2019, 02:09 PM)fenders53 Wrote: That makes sense but Chas mentioned a "penalty".  After reading it again, I assume he is actually just referring to additional tax tax owed.  And I understand how that will make financially challenged somehow think their tax rates went up when they file.

Some folks did see their total tax liability go up. Thankfully, I did not. However, people who used to benefit from a lot of personal exemptions and deduct a hefty amount of state and local taxes are those most likely to have seen their federal income tax burden increase.

That was my understanding after reading this thread.  I just read "penalty" and thought "fine" which didn't make sense to me if your employer caused it.  I suppose I should do my taxes soon.  I can't remember the last time I took anything other than the standard deduction, but I do have rental property profit to compute.  Hopefully that hasn't changed significantly.
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Messages In This Thread
Tax Season!! - by rayray - 01-25-2019, 08:32 AM
RE: Tax Season!! - by ChadR - 01-25-2019, 10:22 AM
RE: Tax Season!! - by fenders53 - 01-25-2019, 02:29 PM
RE: Tax Season!! - by Otter - 01-25-2019, 04:01 PM
RE: Tax Season!! - by rayray - 01-26-2019, 10:40 AM
RE: Tax Season!! - by fenders53 - 01-26-2019, 11:24 AM
RE: Tax Season!! - by Otter - 01-28-2019, 10:26 AM
RE: Tax Season!! - by Kerim - 01-26-2019, 04:15 PM
RE: Tax Season!! - by fenders53 - 01-28-2019, 07:56 PM
RE: Tax Season!! - by jdhansen - 02-03-2019, 05:29 PM
Tax Season!! - by chascornell - 02-08-2019, 09:57 AM
RE: Tax Season!! - by fenders53 - 02-08-2019, 11:07 AM
RE: Tax Season!! - by Otter - 02-08-2019, 12:56 PM
Tax Season!! - by chascornell - 02-08-2019, 11:47 AM
RE: Tax Season!! - by fenders53 - 02-08-2019, 02:09 PM
RE: Tax Season!! - by Otter - 02-08-2019, 02:20 PM
RE: Tax Season!! - by fenders53 - 02-08-2019, 02:35 PM
RE: Tax Season!! - by ChadR - 02-08-2019, 06:50 PM
RE: Tax Season!! - by fenders53 - 02-08-2019, 08:54 PM
RE: Tax Season!! - by fenders53 - 02-08-2019, 08:54 PM
RE: Tax Season!! - by Otter - 02-15-2019, 10:38 AM
RE: Tax Season!! - by DividendGarden - 02-15-2019, 12:06 PM
RE: Tax Season!! - by rayray - 02-18-2019, 11:12 AM
RE: Tax Season!! - by DividendGarden - 02-18-2019, 11:37 AM
RE: Tax Season!! - by Otter - 02-18-2019, 12:36 PM
RE: Tax Season!! - by fenders53 - 02-18-2019, 08:53 PM
RE: Tax Season!! - by ChadR - 02-19-2019, 10:23 AM
RE: Tax Season!! - by fenders53 - 02-19-2019, 11:04 AM
RE: Tax Season!! - by rayray - 03-18-2019, 09:18 PM
RE: Tax Season!! - by fenders53 - 03-19-2019, 08:36 AM



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