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Camride 02-16-2012 06:33 PM

WTF state taxes
 
Last year we got $757 back from State, which offset the $800 we owed Federal. Well this year we owe $1800 in Federal but we're still getting exactly $757 back from State...? WTF? I paid $2,000 more to State but I'm getting the exact same amount back as last year. Anyone know why that would happen?

I'm using TaxCut, which I did last year as well. I'll have to go back through it, but it didn't look like there were any mistakes.

dave89gta 02-16-2012 06:39 PM

Re: WTF state taxes
 
What is this "state tax" you speak of?




:D

Camride 02-16-2012 06:42 PM

Re: WTF state taxes
 

Originally Posted by dave89gta (Post 6875276)
What is this "state tax" you speak of?




:D

I used to not know either. :irk: No state tax in FL either, but the income increase I got moving to NC has been more than worth the little extra tax. :p

Ocala93TA 02-16-2012 08:13 PM

Re: WTF state taxes
 
State tax ! LOL fools ! :D

PacMan 02-16-2012 08:18 PM

Re: WTF state taxes
 
so many factors, impossible to say unless you disclose your entire return.

EkS 02-16-2012 08:27 PM

Re: WTF state taxes
 
Did you make more money last year? If you did you might have moved up on the tax bracket so you owe more. Just a guess.

ulakovic22 02-16-2012 08:42 PM

Re: WTF state taxes
 
Single, married, change in 401K?

CatsTasteGood 02-16-2012 09:30 PM

Re: WTF state taxes
 

Originally Posted by dave89gta (Post 6875276)
What is this "state tax" you speak of?




:D

You'll understand where the state is making up for it's lack of state taxes if you buy a place. I just got my bill for the DIFFERENCE in escrow for 2011...$2600. That is in addition to the property taxes I was already paying all last year. I'll take the moderate state/property taxes over the no state/high property taxes, thank you.

Camride 02-17-2012 05:36 AM

Re: WTF state taxes
 

Originally Posted by EkS (Post 6875316)
Did you make more money last year? If you did you might have moved up on the tax bracket so you owe more. Just a guess.

I made $25k more last year than the year before, hence the extra state taxes. I don't think that put us in a new tax bracket though, we had just hit a new bracket the year before.


Originally Posted by ulakovic22 (Post 6875321)
Single, married, change in 401K?

Married, started a 401k last year (never had one previously). No change in the way we filed. The only things that changed were starting the 401k, getting a new job and making more money. Everything else was pretty much right on with the year before.

The thing is I don't really understand the state returns as well as Federal (since I've only done them a handful of times, vs Federal that I've been doing for ~13 years). TaxCut fills out all the State stuff automatically from your Federal return, so there wasn't much to do in that section. I just don't understand how we paid a significant chunk more to State but we get an identical return as last year. :confused:

LHSer 02-17-2012 09:21 AM

Re: WTF state taxes
 
If you're this confused about it, maybe it's time to consult a tax professional?

Camride 02-17-2012 09:32 AM

Re: WTF state taxes
 

Originally Posted by LHSer (Post 6875501)
If you're this confused about it, maybe it's time to consult a tax professional?

Not worth the time/money for me at this point. Plus I'd rather keep doing this myself and learn. I've got a friend that's decent with this stuff so I may ask for his help, I just figured I'd post here in case someone could say "yeah, I've seen that, it's because of this".

Wild Willy 02-17-2012 09:43 AM

Re: WTF state taxes
 
You don't know what state taxes are until you live in NY- I claim "0" all year, then file for two at tax time- feds give me back a couple grand- I still owe money to NYS- It's even worse in NYC- and this is after paying sales tax to the state and various counties all year long. We have to be one of the most taxed states in the country.

Blue89Bird 02-17-2012 09:50 AM

Re: WTF state taxes
 

Originally Posted by Wild Willy (Post 6875507)
You don't know what state taxes are until you live in NY- I claim "0" all year, then file for two at tax time- feds give me back a couple grand- I still owe money to NYS- It's even worse in NYC- and this is after paying sales tax to the state and various counties all year long. We have to be one of the most taxed states in the country.

Most Taxed States - Forbes.com

Camride 02-17-2012 09:56 AM

Re: WTF state taxes
 

Originally Posted by Wild Willy (Post 6875507)
You don't know what state taxes are until you live in NY- I claim "0" all year, then file for two at tax time- feds give me back a couple grand- I still owe money to NYS- It's even worse in NYC- and this is after paying sales tax to the state and various counties all year long. We have to be one of the most taxed states in the country.

I'm not really complaining, I lived in MA for a year and the only saving grace for me was that I didn't make any money. :lol: Overall it isn't a lot of money, I'm just confused why it didn't change.

dtp 02-17-2012 10:06 AM

Re: WTF state taxes
 
Nothing to contribute other than I got my taxes done last night. $ coming back thanks to wife not working and a big tax hit on RSUs last year.


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