Tax Return time-what are you doing with your money?

[TheOtherNick]

I get to pay in.

[nemesis]

just done my tax i'm really disappointed on how much i'm getting back. last year i got over $2k back. this year only getting like $900 cuz i made more than last year. i didn't know they put you in different bracket just b'cuz you made more $$ i always thought the more $$ you make the bigger return you gonna get back. the only advice my tax guy told me to do is claim 3 more on my w-form this way not so much taxes will be taking off my pay check.

[JoelW98GTP]

the only advice my tax guy told me to do is claim 3 more on my w-form this way not so much taxes will be taking off my pay check.

You will most likely have to pay when you file your taxes if you do that.

[nemesis]

i don't think so!! next year i'll prob be getting about same amount as this year and as far as claiming 3 more people will not effect my tax return for next year.

[Pittman06]

i don't think so!! next year i'll prob be getting about same amount as this year and as far as claiming 3 more people will not effect my tax return for next year.

if your tax person told you that, DO NOT let them do your taxes again...the more you claim on your W-4 the less fed tax they take out through the year. So obviously the less you get back. You claim zero through the year, and claim it all for income tax you get more back, you claim through the year you get much less. Unless you get earned income credit and head of household then you won't get much of anything. My mom was rubbermaid's tax department for 15 years until they shut down there main office in ohio, so i know a ton about taxes

[Liquifire]

....

[Liquifire]

just done my tax i'm really disappointed on how much i'm getting back. last year i got over $2k back. this year only getting like $900 cuz i made more than last year. i didn't know they put you in different bracket just b'cuz you made more $$ i always thought the more $$ you make the bigger return you gonna get back. the only advice my tax guy told me to do is claim 3 more on my w-form this way not so much taxes will be taking off my pay check.

This would give you more money on each check, but you would get less back or more likely have to pay in. If you want the most money back you always claim zero, and find lots of dependants to claim for the year(not claim on your forms for work, just claim on the actual taxes) If this still is not enough you can ask your employer to take out extra taxes( I used to have mine take out an extra $20 per pay period just to be safe) that way I didnt really miss the $20 and I got an extra $520 back at the end of the year in a lump sum. But yes, the more you make, the more you get taxed always....percentage wise and dollar wise. (with all things being equal otherwise)