Tax Returns

Started by dmd20000
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Turbo tax would have prevented that.

Desktop software? Maybe I'll look into it, I use the online version for tax returns. The excel sheet gives me real time tracking of where my withholding stands given actual YTD and projected income. I feel like I have too many moving parts (small business, other random things).

At least, it was supposed to until I made that stupid equation mistake.

Oh well, it's fixed for next year.
 
I'm over the $17,500 limit by like $200, now I have to go make some phone calls to get that **** refunded.
How did that happen bro? Are you deducting across 2 employers? I was going to be over by a smidgen but I figured my employer would simply cap it at $17,500. I just checked by YTD statement and sure enough it was capped at $17,500. Maybe your employer screwed up?
 
How did that happen bro? Are you deducting across 2 employers? I was going to be over by a smidgen but I figured my employer would simply cap it at $17,500. I just checked by YTD statement and sure enough it was capped at $17,500. Maybe your employer screwed up?

Yup multiple employers, I thought I had it down but I got a last minute little bolus of money that I wasn't expecting and shot me over the $17.k mark. Our plan administrator on my main employer is pretty on point with shutting down any excess contributions.
 
Well, I seemed to have calculated out things well. Looks like a small refund of ~$250 for me so I have an incentive to file ASAP. Now I gotta come up with the $11K for 2014 IRA contributions by April 15th.