Glad to hear your good news Dusty! I must admit I have done a lot iof taxes over the years and keep on changes annually and was perplexed that your situation appeared to change drastically year over year due to any recent tax changes.
Jack
2022 Federal Income Tax
Moderators: HopefulSSer, admin
Re: 2022 Federal Income Tax
I still recall that one year, when after many years in business my accountant called and asked me what I wanted to do with the refund I was getting. It took more than a moment to comprehend I wasn't writing any big checks or filing more forms that year. I considered applying it to the next year's taxes, but that seemed like found money that I had to take and spend foolishly. I didn't, I just used it to pay some bills, but it was still a milestone in my life.
Ed from Rhode Island
510 PowerPro Double Tilt:Greenie PowerPro Drill Press:500 Sanding Shorty w/Belt&Strip Sanders
Super Sawsmith 2000:Scroll Saw w/Stand:Joint-Matic:Power Station:Power Stand:Bandsaw:Joiner:Jigsaw
1961 Goldie:1960 Sawsmith RAS:10ER
510 PowerPro Double Tilt:Greenie PowerPro Drill Press:500 Sanding Shorty w/Belt&Strip Sanders
Super Sawsmith 2000:Scroll Saw w/Stand:Joint-Matic:Power Station:Power Stand:Bandsaw:Joiner:Jigsaw
1961 Goldie:1960 Sawsmith RAS:10ER
Re: 2022 Federal Income Tax
e-file the evening of Feb. 13. Direct deposit of return happened Feb 22. That was quick!
Ed
Ed
{Knight of the Shopsmith} [Hero's don't wear capes, they wear dog tags]
Re: 2022 Federal Income Tax
I filed mine by mail so I should see my small refund by August, but due to the incompetence of the IRS, they have to pay me interest on my refund.
IMAGINE, the government paying me interest.
IMAGINE, the government paying me interest.
- dusty
- Platinum Member
- Posts: 21371
- Joined: Wed Nov 22, 2006 6:52 am
- Location: Tucson (Wildcat Country), Arizona
Re: 2022 Federal Income Tax
Don't hold your breathe!
"Making Sawdust Safely"
Dusty
Sent from my Dell XPS using Firefox.
Dusty
Sent from my Dell XPS using Firefox.
Re: 2022 Federal Income Tax
IRS paid me interest on my late refund the last 2 years in a row as they delayed getting it paid to me. I expect this year to be exactly the same. I haven't figured out the interest rate they pay, but it looks pretty good compared to the banks.
Re: 2022 Federal Income Tax
Shouldn't the interest rate that the IRS pays us be the same as the interest rate they charge us when we mess up and have to pay them interest?
Re: 2022 Federal Income Tax
Yeah, and then the interest is considered taxable income next year! The IRS giveth and the IRS taketh away.