Fifth Avenue Forum

Well, if the interest, property taxes, etc + state/local withholdings don't surpass 12,600 it won't change anything. That's the standard deduction for married filing jointly. Was there charity you forgot to add in. Did you add in what's withheld for unemployment? It's a small amount but it all helps if you are close to itemizing. TurboTax will miss this unless you listed in on the W2 part as SUI.

Did she get a raise and only had a set amount withheld, not a percentage and forget to change it? Was there any type of capital gains or dividends or interest that added to adjusted gross income? What's the % of Income tax withheld to gross wages for both of you? This could tell a story.

Most people's effective tax rate is below their tax bracket just because of deductions, credits, etc, but if you guys are 15% bracket but only had ~10% withheld that can be an issue.

Trying not to pry too much, but those are some quick things to look at.


Did you forget student loan interest, or IRA contributions not from work pay?

Yup, good points. Chances are though most homeowners can get well over half-way to that threshold before factoring in all the other deductions. It doesn't hurt to look at any medical expenses spent outside of what your insurance covered. I forget how much you had to spend for it to count.

Source of the post It's 10% of AGI, which means most won't be able to take advantage.

We get the home office deduction because Mrs Tif is in field sales and does not have a physical office to go to.

My local IRS office is requiring an appointment when I have a very simple questions...

For estimated taxes:
I paid them for the first half of the year because no taxes were withheld for my fellowship. I'm on a new fellowship now, where taxes are withheld (thus no need for estimated payments). Do I have to fill out a form or anything to notify the IRS that I won't be making estimated tax payments for the last two quarters? Or do I not have to do anything?

We get the home office deduction because Mrs Tif is in field sales and does not have a physical office to go to.

I was talking with my buddy the other day and he said his wife, who is a Lularow consultant, claims a YUGE portion of their house as her 'home office'. How much does this actually save you? Do I need to start selling Avon once a year?

screw this thread

Why are HSAs not covered under the free version of turbo tax

my wife accepted switched companies in the tail end of the year. her prior employer took the max OASDI out. her current employer also took out 2200. when we put everything in turbo tax, it said we would get that 2200 back but it isnt coming up in our refund. would that be a second check?

my wife accepted switched companies in the tail end of the year. her prior employer took the max OASDI out. her current employer also took out 2200. when we put everything in turbo tax, it said we would get that 2200 back but it isnt coming up in our refund. would that be a second check?

The excess withholding would show up on line 71 of the 1040

my wife accepted switched companies in the tail end of the year. her prior employer took the max OASDI out. her current employer also took out 2200. when we put everything in turbo tax, it said we would get that 2200 back but it isnt coming up in our refund. would that be a second check?

The excess withholding would show up on line 71 of the 1040

ty. i will take a look at the detailed return when i get home. i dont remember seeing the refund adjust when we put that data point in which is the confusion.