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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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12523027 No.12523027 [Reply] [Original]

How the fuck do people get so much money back in federal taxes? The most I ever got was 4k and I'm sure I did something wrong kek

>> No.12523132

Getting a CPA

>> No.12523174

>>12523027
I would imagine by meticulously keeping receipts and internet records so you can itemize like everything. You'd be surprised what you can write off, as say, work expenses

I've never earned more than $12k on the books in one year and never gotten more than $600-$1200 back. I've also never been on welfare or food stamps, I guess being hungry while poor is part of my white privilege

>> No.12523177

>>12523027
Alot of the time people getting alot of money back from taxes without doing anything are just people who are paying too much throughout the year. Then they think they hit it big on their return when in reality its money that they should have already had.

>> No.12523721
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12523721

>>12523027

It just a bunch of drooling retards giving the government 0% interest 1 year loans by paying too much withholding. My tax filings always end with me sending a small check October 15th every year.

>> No.12523747

>>12523721
Do you have a source for that pictures video? I saw it a couple of years ago, downloaded it but I lost it.

>> No.12523856

>>12523174
Me as well to some extent; I make shit. I get shit back from govt once a yr. Sometimes I gotta send the state a few dollars, other yrs I owe the state zero. I dunno. I don't try to cheat; to much of a hassle and shit if they decide to audit my ass.

>> No.12523866
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12523866

>>12523027
>put in work income, TurboTax says i'll get $1.5k back
>put in crypto income, TurboTax says I now owe $1.5k to federal government
great

>> No.12523920
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12523920

>>12523866
>Inputting crypto gains

>> No.12523949

When you get a large tax return back it's basically like you gave the government a loan that was too large and they pay you back the difference, but without interest because they're fucking jews and only they are allowed to charge interest on loans, fucking kikes

>> No.12523969

Fuck you op last year I got about 150 and I expect that much this year too

>> No.12524040

IM SO FUCKING FUCKED
I have a second job and they barely deducted any tax cause my income was low from that job...
NOW I owe 3k apparently?!?! WTF DO I DO, I cant afford that, that's why I have a second job because I'm poor.

>> No.12524062
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12524062

>>12524040
welcome to my world fagtroid

what are we going to do? No seriously, what are we going to do? well i'm waiting

>> No.12524084

>>12524062
I'm putting "900" to charity, in Canada they don't check for amounts under 1k, that plus some other little rando deductions brings me down to 2k.. a bit more doable
I might have to do RRSPS or something, but would prefer not to

>> No.12524115
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12524115

>doing taxes

lmao the federal government is shut down they won't care

>> No.12524147

>>12523174
>being hungry while poor is part of my white privilege
Yep. Check it.

>> No.12524154

>>12524115
The one thing the government cares about is taxes. They are just putting on a show. Taxes will still be coming in, or else.

>> No.12524190

>>12523027
I pay 80k a year in personal taxes. Another 50k in employee taxes, unemployment and other random business taxes.

It hurts everyday.

>> No.12524239

>>12523027
If dubs I unfuck my shit hard this year and become the man I should have became years ago.

>> No.12524247

>>12524239
Well shit if dubs I should just kill myself now.

>> No.12525153

>>12523177
This and money back for student loan interest.

>> No.12525164

>>12524040
Get a credit card? Borrow from a good friend? I'm not saying a lot of good options here

>> No.12525175

>>12524247
Rolling for dubs of doom.