Tax Season!

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Re: Tax Season!

Postby count2infinity on Tue Apr 15, 2014 8:47 am

he was in 2nd grade btw. doesn't mean he cant be still dealing drugs. there are some sick people out there that force their kids to do that kind of stuff.
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Re: Tax Season!

Postby mac5155 on Tue Apr 15, 2014 8:50 am

shafnutz05 wrote:
mac5155 wrote:
count2infinity wrote:didn't you get married last year? maybe that changed the amount of your income that is federally taxable? I have no idea, maybe a good question for your employer.


hm, no, I didn't change anything on my W4.


It's one thing to do married filing separately, but you didn't even change your W4 from single? I'm no expert, but I can't think that would be good.

And from everything I've read, unless in very particular circumstances, married filing separately is a pretty unfavorable status to be in.


Well my wife withholds her taxes from her check and I withhold mine from my own. It must've worked out. I got a few thousand back from federal, broke even on state, but somehow still owed on local.

MFS does not allow for student loan interest deduction and some education credits, I believe. We did MFJ.
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Re: Tax Season!

Postby slappybrown on Tue Apr 15, 2014 9:25 am

mac5155 wrote:
shafnutz05 wrote:
mac5155 wrote:
count2infinity wrote:didn't you get married last year? maybe that changed the amount of your income that is federally taxable? I have no idea, maybe a good question for your employer.


hm, no, I didn't change anything on my W4.


It's one thing to do married filing separately, but you didn't even change your W4 from single? I'm no expert, but I can't think that would be good.

And from everything I've read, unless in very particular circumstances, married filing separately is a pretty unfavorable status to be in.


Well my wife withholds her taxes from her check and I withhold mine from my own. It must've worked out. I got a few thousand back from federal, broke even on state, but somehow still owed on local.



That does not mean it "must've worked out." Your refund probably would have been higher.
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Re: Tax Season!

Postby ulf on Tue Apr 15, 2014 9:31 am

He said he did MFJ no?
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Re: Tax Season!

Postby slappybrown on Tue Apr 15, 2014 9:32 am

oh my bad mac
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Re: Tax Season!

Postby mac5155 on Tue Apr 15, 2014 9:35 am

Yeah I was wonderin.
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Re: Tax Season!

Postby ulf on Tue Apr 15, 2014 10:05 am

Silly Slappy
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Re: Tax Season!

Postby mac5155 on Tue Apr 15, 2014 10:18 am

still though, should I contact someone in HR to take a look at it?
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Re: Tax Season!

Postby count2infinity on Tue Apr 15, 2014 10:21 am

None of us have any better idea as far as what's going on with your W2 than your employer would. If you're concerned about it, contact them. If you don't give a crap, then don't worry about it.
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Re: Tax Season!

Postby Sam's Drunk Dog on Tue Apr 15, 2014 12:09 pm

mac5155 wrote:
slappybrown wrote:
mac5155 wrote:Question..my state income Is $5k higher than my local income. My local tax on my return Is saying that I am $50 short because it's calculating my local tax based off my state income. Is this correct?

I'm not an accountant, but yes, this is correct. Mine also works this way.


How is my federal income one number, my local income is $4k higher, and my state income is $9k higher, than federal? I looked at last year's W2 and they're all the same. Did something change this year?

I just paid the $51 local.. I just dont get it, I never owe local.



Certain types of income and other benefits are accounted for differently based on tax laws. Federal is generally the lowest. PA for example considers the money you contribute to a 40lK as taxable income but the Federal government excludes those contributions.
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Re: Tax Season!

Postby mac5155 on Tue Apr 15, 2014 12:18 pm

I emailed HR, just said I wanted to ask them if everything was right for next year. I got a bonus for the first time this year.. also, for whatever reason (I'm going to bring it up with HR) they tax my tuition reimbursement at the state level. PA state tax law said it's not taxable, so I must be missing something. The only things that have changed in 2013 to 2012, other than my gross income, are that I got a bonus and married.
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Re: Tax Season!

Postby Shyster on Tue Apr 15, 2014 1:42 pm

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