I am so bummed out- I just finished my taxes and found out if you itemize for your mortgage-the IRS will not process your return until mid-to-late February. Seems it took too long to get the tax cuts squared away so they still have to update their system. Is it too much to ask of the govt to at least have some foresight in matters like this-
What do you think?
Answer by Erica_Smerica at 4:00 PM on Jan. 19, 2011
Answer by jewjewbee at 8:23 AM on Jan. 19, 2011
They did have foresight. They knew the tax cuts were going to expire and they put other legislation before it to take advantage of the Dem. supermajority while they could. Extending the tax rates were not a high priority for this administration.
Answer by QuinnMae at 8:27 AM on Jan. 19, 2011
It isn't just mortgage interest, it is also charitable contributions and education expenses and even teachers out of pocket.
Answer by emptynstr at 11:23 AM on Jan. 19, 2011
Answer by itsmesteph11 at 10:58 AM on Jan. 19, 2011
Did I not make it clear that YES it sucks that our politicians are/were being childish and petty. Sorry your bonus gets hit so hard. I hate doing taxes. You wouldn't believe some of the loopholes that the irresponsible politicianslet stand every year. So no I'm not shocked that people who can just barely do their jobs once again, didn't get it right. Just keep reminding yourself that at least they did finally pass the tax reduction, because if they didn't you might not being getting any back at all! I think they all suck and I'm glad I'm not dependant on them to eat. Nothing crawled up my butt. I'd actually like to try and be Miss Mary Sunshine here and encourage you to think of it as getting two bonuses. Very glad to hear that it is your "unpredictable" bonus that put you in refund territory. So many people do the little refund dance to themselves, and I don't feel the slightest bit sorry for any of them.
Answer by LoveMyDog at 1:19 PM on Jan. 19, 2011
Answer by LoveMyDog at 6:39 PM on Jan. 19, 2011
Your emplyer isn't even required to give you your W2 until Jan 31 or Feb 1st. If you have a mortgage you should have enough good sense to set up your taxes so you have to pay them on April 15th. Why would you be giving the government an interest free loan if you have yourself together enough to have a house and a mortgage? In other words quite your b*tching, at least they are only screwing the middle class and not people who need their child tax credit to eat. And yes the politicians decided to play polictis. Shocking isn't it! Go adjust your withholding allowance and give yourself a weekly/monthly raise.
Answer by LoveMyDog at 9:07 AM on Jan. 19, 2011
Next question overall
do you ever cheat on your diet? and lie if someone asks?