(April 7, 2018 at 6:25 pm)wallym Wrote: New tax plan had nothing to do with this year's refund.

Not true:

https://www.cnbc.com/2017/12/28/tax-chan...t-you.html

(April 7, 2018 at 8:08 pm)Jehanne Wrote:

(April 7, 2018 at 6:25 pm)wallym Wrote: New tax plan had nothing to do with this year's refund.

Not true:

https://www.cnbc.com/2017/12/28/tax-chan...t-you.html

The refund you got in 2018 is based on earnings and tax code from 2017.  The refund you get next year, will be based on 2018 earnings, and the new tax code.


You linked an article that says as much.

It states the following:

Quote:A retroactive increased deduction for medical expenses applies for a two-year period, from the beginning of 2017 to the end of 2018.

Here's another site:

https://turbotax.intuit.com/tax-tips/irs.../L9kree6l2

And, so, some of the changes were retroactive.

(April 7, 2018 at 11:22 pm)Jehanne Wrote: It states the following:

Quote:A retroactive increased deduction for medical expenses applies for a two-year period, from the beginning of 2017 to the end of 2018.

Here's another site:

https://turbotax.intuit.com/tax-tips/irs.../L9kree6l2

And, so, some of the changes were retroactive.

So you're saying your refund was 2000 dollars less because republicans increased the amount of medical expenses you could deduct?

Remember, that's why I'm in this inane discussion with you.  You blamed the wrong people for your lower refund by mistake.

(April 7, 2018 at 11:22 pm)Jehanne Wrote: It states the following:

Quote:A retroactive increased deduction for medical expenses applies for a two-year period, from the beginning of 2017 to the end of 2018.

Here's another site:

https://turbotax.intuit.com/tax-tips/irs.../L9kree6l2

And, so, some of the changes were retroactive.

Did your health care expenditures exceed 7.5% of your gross income? If not it didn't make a difference.

(April 8, 2018 at 10:49 am)wallym Wrote:

(April 7, 2018 at 11:22 pm)Jehanne Wrote: It states the following:



Here's another site:

https://turbotax.intuit.com/tax-tips/irs.../L9kree6l2

And, so, some of the changes were retroactive.

So you're saying your refund was 2000 dollars less because republicans increased the amount of medical expenses you could deduct?

Remember, that's why I'm in this inane discussion with you.  You blamed the wrong people for your lower refund by mistake.

Nothing in my life has changed very much (number of kids, income, etc.), and so, why was my refund $2K less?  Of course, you don't know, but I suspect that it had to do with the fact that we have 5 kids, and so, yes, I am blaming the new tax law.  And, my overall salary has gone down since the passage of the bill.

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(April 8, 2018 at 11:52 am)Aegon Wrote:

(April 7, 2018 at 11:22 pm)Jehanne Wrote: It states the following:



Here's another site:

https://turbotax.intuit.com/tax-tips/irs.../L9kree6l2

And, so, some of the changes were retroactive.

Did your health care expenditures exceed 7.5% of your gross income? If not it didn't make a difference.

If it did not make a difference, why pass it in the first place?  I am voting straight Democrat come fall and beyond.

This is the first year in a while that I don’t owe a bunch. Getting money back, with my tax guy saying more next year.

(April 8, 2018 at 8:13 pm)RoadRunner79 Wrote: This is the first year in a while that I don’t owe a bunch.  Getting money back, with my tax guy saying more next year.

Also not because of the new tax law.  Next year getting more will be new tax law.  Everybody stop being wrong!  (except Aegon).

I don't do my taxes. The boyfriend does.

(April 8, 2018 at 8:09 pm)Jehanne Wrote:

(April 8, 2018 at 11:52 am)Aegon Wrote: Did your health care expenditures exceed 7.5% of your gross income? If not it didn't make a difference.

If it did not make a difference, why pass it in the first place?  I am voting straight Democrat come fall and beyond.

Probably because it will make a difference for all future years of refunds now that the plan has actually taken effect, you silly silly person.

I'm pretty sure Aegon is not a Trump guy.  He's not trying to trick you with Fox News bamboozling.