Posted by oldtanker on February 14, 2019 at 22:44:35 from (66.228.255.59):
In Reply to: 2018 federal taxes posted by Jim Buford on February 14, 2019 at 07:00:58:
For all the nay sayers out there. Compared to a years or 2 ago how much are they withholding providing you are not earning anymore? Don't look at what the return amount is. Normally at the end of the year I write Uncle Sam a check to make up the difference. This year I'm actually going to get a little back. AND THEY ARE NOT TAKING OUT AS MUCH EACH PAYCHECK (retirement).
But those are the keys for people who receive a pay or retirement check. Income and total pay in after any refunds.
If your income stayed the same then you will see less actually paid in taxes. If your pay went up you may have found yourself in a higher tax bracket.
And as I said, if your income was stable over the last 2-3 years what is your total tax bill? Refund don't mean a thing! It darn sure isn't a savings program!
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