Originally Posted by
Creatre
Haha yeah I always feel the same way. I got Federal back.
Only owe $1 for State though. Doesn't get much better than that. Except of the fact that it's because of rounding, and I should really owe $0.
Originally Posted by
merlinextraligh
The latter; you gave the government a no interest loan. The system is purposefully set up for most people to get a refund in order to make people feel good about the refund rather than bad about how much tax they paid.
Have enough witheld that you hit the safe harbor, and nothing more. ( 90% of this year's tax liability; or 100% of last year's tax liability for incomes under $150,000, or 110% of last year's tax liability for incomes over $150,000)
I hate the whole process of filing taxes and figuring out the right amount of withholding.
I just want to engineer and program cool things.