02-12-2019, 03:19 PM
I had to withhold more in taxes once I did the estimated taxes for the year on the IRS website - I'm sure that no one did that. Fucking morons. I think I was holding back an extra $150-200 per paycheck. I hope every one of those trump voting motherfuckers got their tax bill turned upside down but the way the code was written its a big fuck you to anyone who lives in a high SALT state, i.e. "coastal elite libtards".
That said, itemizing still worked out better for us but only because we sold and bought a house and a few thousand in charitable donations - we hit the SALT deduction no problem. The biggest thing that tilted the tax bill in our favor this year was that we took big tax hits (20%) on the withdrawal of investment money, but up to $10k per person on the tax is credited back if you use that money to buy a house. For next year I'm going to maintain my withholdings as they are and I think we'll be about even.
I'm also with chris on doing my own taxes. I use turbotax and it takes me an hour or two to do everything, all the docs are easily available online and most import directly into turbotax. My wife used to take her shit to H&R block and pay $600 for this crap. Even with business expenses, I just deposit the money paid to my LLC into my personal account and claim it on schedule C. There might be a more advantageous way of doing it but we're not talking about very much money here, certainly not enough to offset the cost of a CPA.
That said, itemizing still worked out better for us but only because we sold and bought a house and a few thousand in charitable donations - we hit the SALT deduction no problem. The biggest thing that tilted the tax bill in our favor this year was that we took big tax hits (20%) on the withdrawal of investment money, but up to $10k per person on the tax is credited back if you use that money to buy a house. For next year I'm going to maintain my withholdings as they are and I think we'll be about even.
I'm also with chris on doing my own taxes. I use turbotax and it takes me an hour or two to do everything, all the docs are easily available online and most import directly into turbotax. My wife used to take her shit to H&R block and pay $600 for this crap. Even with business expenses, I just deposit the money paid to my LLC into my personal account and claim it on schedule C. There might be a more advantageous way of doing it but we're not talking about very much money here, certainly not enough to offset the cost of a CPA.