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Hokie CPA

Joined: 10/28/1999 Posts: 79477
Likes: 9047


There's virtually no way that's right.


Unless you had a bunch of long term capital gains last year and they're all short term this year. That would account for that kind of tax increase, but that's got nothing to do with any change in the law and everything to do with bad timing on a taxpayer's part.

(In response to this post by Hokester)

Posted: 04/16/2019 at 10:52PM



+3

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Current Thread:
 
  
How did everybody do on their taxes? -- Hokester 04/16/2019 4:18PM
  I got a bigger return than last year. -- Chris Coleman  04/17/2019 12:10PM
  Paid more -- HokieDevil 04/17/2019 10:18AM
  There's virtually no way that's right. -- Hokie CPA 04/16/2019 10:52PM
  Paid less👍 ** -- Nzane4vtNnc 04/16/2019 8:19PM
  Paid less. ** -- MikeVT85 04/16/2019 7:59PM
  Why did you hate the less fortunate? -- EDGEMAN 04/17/2019 08:00AM
  Do you do a solo 401K? -- EDGEMAN 04/17/2019 08:02AM
  Have employee so do a defined benefit/401K combo ** -- VaAkita 04/17/2019 11:33AM
  You did your taxes wrong then. ** -- psychobilly 04/16/2019 7:46PM
  CPA did mine. -- Hokester 04/16/2019 9:46PM
  Yeah...I don't quite follow that.** -- MP4VT2004 04/16/2019 8:12PM
  Cap on SALT kicked my butt ** -- Cloverly Hokie 04/16/2019 7:26PM
  Ditto ** -- FfxStationHokie 04/16/2019 10:26PM
  Tritto. Making up a new word for "Me 3". -- Late 80s Hokie 04/17/2019 07:27AM
  Paid tax on VRS contribution to my insurance ** -- TomTurkey 04/16/2019 6:43PM
  Effective tax rate increased about 0.5% because... -- MP4VT2004 04/16/2019 6:30PM
  Tax income and taxes wer higher, refund was bigger though -- hoosnowahokie 04/16/2019 6:24PM
  No idea, I retired so hard to compare ** -- `lag 04/16/2019 6:16PM
  Same here ** -- TomTurkey 04/16/2019 6:22PM
  Jan 1 2018 for me -- TomTurkey 04/16/2019 6:41PM
  Did you tell them you were retiring? -- MP4VT2004 04/16/2019 8:13PM
  Gave them 6 months notice. 🐴 -- TomTurkey 04/16/2019 8:17PM
  Overall income taxes for me were about 1.5% lower -- Synaesthesia 04/16/2019 5:49PM
  Slight increase in income, decrease in taxes -- RTFC 04/16/2019 5:36PM
  Dagnabbit - I knew I was forgetting something. ** -- Gobble Gobble 04/16/2019 5:22PM
  Fed way down (still paid), VA increased a bit (paid as well) -- Burruss Writer 04/16/2019 5:08PM
  That's what happened to me too ** -- HokieMacDaddy 04/16/2019 4:41PM
  Effective tax rate went up .98% ** -- Brown Water 04/16/2019 4:40PM
  Wrote a very big check with extension. ** -- vthokieq 04/16/2019 4:27PM
  Paid less. ** -- EDGEMAN 04/16/2019 4:26PM

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