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Old 02-16-2014, 09:49   #1
XDRoX
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2013 Taxes...What'd you pay?

Wife just did the taxes. I made $75k.
We ended up paying just shy of $3600. This is for both fed and state combined.
Not bad I guess. Maybe I have been voting wrong all this time?
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Old 02-16-2014, 09:53   #2
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I'm confused. You paid in an additional $3600 after your tax forms were done? Or you paid a total of $3600 for the whole year?
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Old 02-16-2014, 09:55   #3
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I paid a total of $3600 for the whole year.
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Old 02-16-2014, 10:02   #4
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I paid a total of $3600 for the whole year.
Ummm... I made significantly less than you and I paid over four times that. How did you manage that?
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Old 02-16-2014, 10:02   #5
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I paid a total of $3600 for the whole year.
Jesus, you have like ten kids to write off?
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Old 02-16-2014, 10:03   #6
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5% tax bracket? Must be nice.
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Old 02-16-2014, 10:06   #7
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This can't be right. A lot of info is missing here.
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Old 02-16-2014, 10:07   #8
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So I'm not crazy. I knew it sounded good.
I have three kids and a wife that doesn't work, I guess that's what did it?????
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Old 02-16-2014, 10:10   #9
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Maybe I'm not calculating something right. I looked in box 1 and I assume that's what I made. $75k.
I looked in boxes 2 and 17 to see what I paid in fed and state taxes. I subtracted that number from our return that we are going to get. Ended up paying $3600 total for the year.

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Old 02-16-2014, 10:10   #10
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Not sure what you did but the tax code is built in tiers and unless you have significant deductions then this doesn't add up. I have a couple members of my family that are CPA's.
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Old 02-16-2014, 10:12   #11
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Does that include local taxes (city/county?) What about real estate taxes?

Either way, I made less and paid more in taxes.
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Old 02-16-2014, 10:13   #12
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Not sure what you did but the tax code is built in tiers and unless you have significant deductions then this doesn't add up. I have a couple members of my family that are CPA's.
We deducted our property tax, mortgage interest, and expenses for our rental. That and three kids and a wife that doesn't work and this is what it came out to
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Old 02-16-2014, 10:13   #13
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Quote:
Originally Posted by XDRoX View Post
Maybe I'm not calculating something right. I looked in box 1 and I assume that's what I made. $75k.
I looked in boxes 2 and 17 to see what I paid in fed and state taxes. I subtracted that number from our return that we are going to get. Ended up paying $3600 total for the year.
If you don't mind me asking, how much did they take out for fed and state?
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Old 02-16-2014, 10:15   #14
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This isn't adding up. Taking your tax return out of the conversation for a sec, you make 75k a year? You live in San Diego? You have three kids and a wife who doesn't work?


How in the world do you afford to live on what you make? Do you have money from an inheritance or something?


75k is just not a lot of money, especially for that location and your situation.


Just curious.
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Old 02-16-2014, 10:16   #15
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You'd better run those numbers again. Something's wrong. Did you have huge medical bills? You have a large mortgage? A big loss? Did you use tax prep software?
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Old 02-16-2014, 10:16   #16
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I also want to know if we did them correctly. It sounds too good to be true. Our return is going to be $12,852. I paid $16,452. Looks like I need to have them take out way less next year.
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Old 02-16-2014, 10:19   #17
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Quote:
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If you don't mind me asking, how much did they take out for fed and state?
Has no bearing on his tax obligation.
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Old 02-16-2014, 10:19   #18
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You'd better run those numbers again. Something's wrong. Did you have huge medical bills? You have a large mortgage? A big loss? Did you use tax prep software?
No medical bills. Very little mortgage. Well little for San Diego. We are 10 years into our 30 year loan. We owe around $250k on our house. Our rental house is paid off. My wife used TurboTax.

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Old 02-16-2014, 10:20   #19
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I also want to know if we did them correctly. It sounds too good to be true. Our return is going to be $12,852. I paid $16,452. Looks like I need to have them take out way less next year.
What was your situation last year? Compare them.
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Old 02-16-2014, 10:20   #20
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Has no bearing on his tax obligation.
My question was out of curiosity.
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Old 02-16-2014, 10:20   #21
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If you don't mind me asking, how much did they take out for fed and state?
State took $4218 and feds took $12,220.
We are getting back $12,852.
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Old 02-16-2014, 10:22   #22
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What was your situation last year? Compare them.
It wasn't nearly this good. But we had a 3rd child, maybe that's what did it.
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Old 02-16-2014, 10:23   #23
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It wasn't nearly this good. But we had a 3rd child, maybe that's what did it.
"Nearly"? Compare your numbers across the board. You will find your error.
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Old 02-16-2014, 10:27   #24
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"Nearly"? Compare your numbers across the board. You will find your error.
I actually don't remember what happened last year. I don't remember getting this large of a return but my wife always handles the tax stuff. I just asked her, she said we got back around $11k last year. All I know is I got $1k for myself
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Old 02-16-2014, 10:33   #25
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If you are getting 5 figure returns, you are in serious need of adjusting your W4. Why in the world would you want the government to hold onto that much of your money for a year or more?
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