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Originally Posted by OOfff
(Post 2770952)
I know, and they’re not even outliers
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Originally Posted by flyingmau5
(Post 2769184)
Is anyone else claiming tax exemption on their W4? I expect a pretty hefty refund from 2018 and expect the same for 2019. Pros and cons to doing this?
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Originally Posted by dogismycopilot
(Post 2771329)
How many allowances are you claiming?
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Originally Posted by OOfff
(Post 2770952)
I know, and they’re not even outliers
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filler |
Own some lower end rental properties and you'll see both sides of the spectrum. Some tenants can't work or have simply fallen on hard times and need these benefits (some due to their own doing, while others are unfortunate situations). On the flip side, plenty are fully capable of working but choose not to because "they make more on the system." I'm all for helping the less fortunate, but they seriously need to close the loopholes that allow able bodied individuals to be lifers on the system. These programs do much more good than some believe, but there are plenty who take advantage of the system.
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Prelim cut on my taxes show we just barely broke the standard deduction (Married, two of us no kids).
I just claimed M2 all year, on 3 jobs, wife is a 1099 RE Agent and I'm coming out with maybe $1000 refund before I factor in selling a rental house. May end up owing due to that, but that's not a normal every year thing. I was a bit concerned all year as my witholding seemed to be not much compared to years past. Only hard thing for me for planning is I never know where the Delta/Reserves mix is going to land, and Delta pays much better than the Navy. |
Originally Posted by CX500T
(Post 2772224)
Prelim cut on my taxes show we just barely broke the standard deduction (Married, two of us no kids).
I just claimed M2 all year, on 3 jobs, wife is a 1099 RE Agent and I'm coming out with maybe $1000 refund before I factor in selling a rental house. May end up owing due to that, but that's not a normal every year thing. I was a bit concerned all year as my witholding seemed to be not much compared to years past. Only hard thing for me for planning is I never know where the Delta/Reserves mix is going to land, and Delta pays much better than the Navy. |
Originally Posted by Dodo
(Post 2772303)
But that Navy retirement will pay you back.
I view my Navy Reserve pension, as I understand it today, to be a strong possibility, but no more certain than legacy pensions were on September 10, 2001. |
Originally Posted by ItnStln
(Post 2772136)
That's a lie!
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