Tax returns...???

Sometimes yes, sometimes no. As a matter of fact, penalties are assessed per quarter in some situations, meaning if you under-withold, you may already be accruing penalties before the end of the year, before you ever even file your taxes for that year.

I know this because my folks got caught with it a few years back after some tax law changes.

 

I got about 1700 back for fed and 212 for state. Didnt get as much back cause the wife was unemployed for 3-4 months.

im taking about 500 of it and getting 5100's and rear airbags.
rest is going into savings as a down payment for a new car for the wife.

 

That's bunk

 

It sucks yes, but there's a reason most CPAs in the US recommend you OVER-withold as opposed to under-withold. Our laws are a bit different.

 

Yep

 

Apparently I had about $2k of Obama's bills that I had to return. "They're on the way bro!"

 

$154 total

 

If you're getting money back, think of it as an interest free loan to the federal government. I'd rather owe than get money back.

 

..does the gov't work for us, ..or do we work for the gov't?....

 

i got 1200 from fed 700 from state. i didnt even get the check yet and its already spent it

 

I filed on the last day for I thought I had to pay.
Suprisingly I got $11 back federal.
I wish I opted for a check to give me time on deciding where to spent all eleven dollars.

State I overpaid by $842. Need to make an adjustment on my witholding to fix that in the future.

Just glad its over for another year.