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Have you done anything to prepare for next year's tax filings?

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MissJones
Incredibly blessed

Member since 5/05

21379 total posts

Name:
and grateful!

Have you done anything to prepare for next year's tax filings?

With the tax reform and 10k limit, I think we are not going to make out so well (we meaning long islanders with astronomical taxes).

Have you made any changes?

Posted 8/2/18 7:47 AM
 
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NervousNell
Just another chapter in life..

Member since 11/09

49947 total posts

Name:
..being a mommy and being a wife!

Re: Have you done anything to prepare for next year's tax filings?

My property taxes are pretty low compared to most of LI and we worked it out with some calculators and I think we will end up doing ok so we haven't done anything .
Not sure what I could change anyway

Posted 8/2/18 8:33 AM
 

blu6385

Member since 5/08

7424 total posts

Name:
T

Re: Have you done anything to prepare for next year's tax filings?

I have sent me and DH paystubs to our accountant and he I guess ran numbers and told me what I am projected to get back.

Its a few thousand less than I normally do but I also have been getting more in my paycheck every week so it does make senses.

ETA: if he would have told me anything that I didn't like, like I would owe money I would adjust the withholding's in my pay stub

Message edited 8/2/2018 9:17:33 AM.

Posted 8/2/18 9:16 AM
 

SusiBee
. . . . .

Member since 3/09

8268 total posts

Name:
S

Re: Have you done anything to prepare for next year's tax filings?

No.
DH and I should be fine, we don't have astronomical property taxes because I only own a co-op.

Posted 8/2/18 9:51 AM
 

MST9106
My life:)

Member since 6/06

9589 total posts

Name:

Re: Have you done anything to prepare for next year's tax filings?

I have to adjust my withholdings because otherwise I'm going to owe...ugh.

Posted 8/2/18 11:32 AM
 

TwinMommyToBoys
LIF Adult

Member since 12/16

2067 total posts

Name:

Have you done anything to prepare for next year's tax filings?

Had my accountant look last month how we are doing as long as I don’t owe I don’t care

Posted 8/2/18 1:36 PM
 

starbrightgirl8
LIF Adolescent

Member since 1/16

537 total posts

Name:

Have you done anything to prepare for next year's tax filings?

Putting my head in the sand and hoping for the best. We usually get back a decent amount, so I'm hoping we won't owe.

Posted 8/2/18 1:50 PM
 

lightblue
LIF Adult

Member since 1/17

2249 total posts

Name:

Re: Have you done anything to prepare for next year's tax filings?

I talked to our accountant and he said we would take a hit with the property tax but would make up for it in other areas, so our return would pretty much stay around the same (so I hope!)

Posted 8/2/18 2:40 PM
 

DrMeg
Back home!

Member since 5/08

1831 total posts

Name:
Meg

Have you done anything to prepare for next year's tax filings?

We prepaid some of this years taxes although it’s not clear if that will be accepted or not. When our accountant sent this years return to us he also ran our numbers for next year and said we’d likely get $1800 or so less of a return.

Posted 8/3/18 9:37 AM
 

PhyllisNJoe
My Box Is Broken

Member since 6/11

8312 total posts

Name:
Phyllis

Re: Have you done anything to prepare for next year's tax filings?

Our accountant told us it looks like everything will even out with us because we have a small business. With cuts there, and DHs paycheck being higher each week, it should even out. We’ll know for sure soon enough

Posted 8/3/18 8:00 PM
 
 

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