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Replies: 16
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Oculus Spirit [97700]
TigerPulse: 100%
Posts: 64841
Joined: 7/13/02
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Taxes are done.
Mar 14, 2019, 7:53 AM
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Feels Goodman. Should be getting back more than I expected. The child deductions (x3) we now qualify for offset the loss of deductions.
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Oculus Spirit [85294]
TigerPulse: 100%
Posts: 24911
Joined: 5/21/14
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Look at me my HH income is greater than $130K!
Mar 14, 2019, 8:07 AM
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I think I only lost about $1k in deductions ($250), but yeah the child tax credit more than made up for it.
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Oculus Spirit [97700]
TigerPulse: 100%
Posts: 64841
Joined: 7/13/02
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Bleh. Whatever. I was just worried about losing a ton of
Mar 14, 2019, 10:05 AM
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deductions. But the child credit almost came out the same.
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Heisman Winner [135564]
TigerPulse: 100%
Posts: 91615
Joined: 12/6/98
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Everything is bigger in Taxes.
Mar 14, 2019, 10:15 AM
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So they say.
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Hall of Famer [21236]
TigerPulse: 100%
Posts: 12473
Joined: 9/23/06
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The business owner tax credit is 20%.
Mar 14, 2019, 12:20 PM
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20%!!!! My return was around $8000 when it would have been close to break even last year. Meh... prolly around a $5000 difference.
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Oculus Spirit [85294]
TigerPulse: 100%
Posts: 24911
Joined: 5/21/14
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Sounds like a good opportunity to reward employees***
Mar 14, 2019, 12:35 PM
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Hall of Famer [21236]
TigerPulse: 100%
Posts: 12473
Joined: 9/23/06
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Nah... too many expenses trying to expand.
Mar 14, 2019, 12:45 PM
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Profit was only 8%.
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Oculus Spirit [85294]
TigerPulse: 100%
Posts: 24911
Joined: 5/21/14
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Brownies?***
Mar 14, 2019, 12:48 PM
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Legend [17449]
TigerPulse: 100%
Posts: 5890
Joined: 7/1/03
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Nah.
Mar 14, 2019, 1:50 PM
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No rewards for them, either.
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Hall of Famer [22939]
TigerPulse: 100%
Posts: 16893
Joined: 12/2/00
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Just finished business returns this week
Mar 14, 2019, 12:37 PM
[ in reply to The business owner tax credit is 20%. ] |
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If CPA early predictions for personal taxes are accurate, I might have enough to put in a swimming pool. Should know in a few weeks.
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Oculus Spirit [85294]
TigerPulse: 100%
Posts: 24911
Joined: 5/21/14
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Re: Just finished business returns this week
Mar 14, 2019, 12:49 PM
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CU Medallion [54758]
TigerPulse: 100%
Posts: 52802
Joined: 10/1/03
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Hall of Famer [21236]
TigerPulse: 100%
Posts: 12473
Joined: 9/23/06
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Not sure.
Mar 15, 2019, 1:11 AM
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Mine is an LLC but I made it an S-Corp. Not the rentals though. Not sure if it counts on those as well.
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Oculus Spirit [81045]
TigerPulse: 100%
Posts: 56114
Joined: 9/13/04
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Haven't started. No hurry.
Mar 14, 2019, 2:06 PM
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No deductions except house.
Whats the hurry?
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Oculus Spirit [97700]
TigerPulse: 100%
Posts: 64841
Joined: 7/13/02
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Less time the gubmint can collect interest on my money***
Mar 14, 2019, 3:41 PM
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CU Medallion [50635]
TigerPulse: 100%
Posts: 43019
Joined: 12/3/98
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gov't can stay open a while longer
Mar 15, 2019, 10:49 AM
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they just cashed my check
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Oculus Spirit [75714]
TigerPulse: 100%
Posts: 108843
Joined: 10/26/03
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Feds sent me my money today, SC needs to get on
Mar 15, 2019, 11:03 AM
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the ball.
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