So on my W2 I claim 8. They take out $0 for my federal income tax. I just filed my taxes I get $7990 back. Think about that, I paid them $0 bucks and their like oh hey, you paid us too much money, have 8k back!
I think I'm what's wrong with America
- Thread starter CrimsonSoul
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What the hell? Accounting mistake perhaps?
Even with 0 income tax, you still pay social security, medicare, and so forth. Certain exemptions allow you to reduce those taxes as well.
Some credits, such as the child tax credit, are not tax reductions, but truly credits - you get that money even if you don't have any taxable income.
Some credits, such as the child tax credit, are not tax reductions, but truly credits - you get that money even if you don't have any taxable income.
I know, FLP, just trying to be like hell yeah 8k for free!
BTW, The Child tax credit, Earned Income Credit, it's basically saying here's money for getting laid at least once, good job awesome guy!
BTW, The Child tax credit, Earned Income Credit, it's basically saying here's money for getting laid at least once, good job awesome guy!
My tax return is going to suck this year. Fie on your eight grand!
Dear Dave: Have more sex so that you can make more kids, so that you can get more money, so that you can have more sex, so that you can make more kids, so that you can get more money (the old cocain commercials from back in the day)
W
Wasabi Poptart
Last year we got back more than what Crimson Soul is getting. Since my husband is military we get back all of the taxes he pays, plus we had other credits because of the two kids and me being in college. 
I'm looking forward to this year's return.
I'm looking forward to this year's return.
J
Jiarn
You have to have at least children, but make under a certain amount in the state of Texas. I think you have to make less than 28k a year. It really doesn't balance out more than having a better paying job.
My tax return this year is going to suck. Lost my job, got a new one, had unemployment payments. Thankfully, the wife of one of my friends is an accountant...
Texas has nothign to do with federal taxes and depending on if you're married or not it varies from like 25k or so to like 45k or so
Dave if you don't get a lot back that may well mean that you have also not made a large interest free loan to the government.
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