BaltimoreSkins
02-26-2018, 10:47 AM
Anybody else seeing fluctuations in their pay since this went into effect? My pay stub has fluctuated abut $60 every single pay period. I have not seen a trend or consistency.
Tax billBaltimoreSkins 02-26-2018, 10:47 AM Anybody else seeing fluctuations in their pay since this went into effect? My pay stub has fluctuated abut $60 every single pay period. I have not seen a trend or consistency. Schneed10 02-26-2018, 11:31 AM My company put the new tax tables into effect with the paychecks that came out Feb 23. Take home pay went up. Every company should be implementing the new tables sometime in February. They're all working to do so as soon as possible. But if your company is late with it don't worry, you'll still get your money when you go to file your tax return. The longer it takes your company to install the new tax tables, the bigger your tax return will get. It's all coming to you, one way or another. As for fluctuations in your take home pay, you may have other things influencing it. The tax tables going into effect will not cause things to go up and down, just adjust to a new normal. Take out your stubs and look for changes in deductions. BaltimoreSkins 02-26-2018, 01:19 PM So I should expect stability soon. We are ten month employees so we auto transfer to live off the two months we don't get paid, knowing how much we can/should transfer definitely makes it easier. Giantone 02-26-2018, 03:54 PM For the Tax year 2017 my taxes stayed the same, the Mrs for 2018 sees $5.63 more a month as a school teacher and it does not effect my retirement check. My tax man showed what my taxes will look like next year , my state will be the same my federal I will owe $257 if I leave as is,it has been adjusted. TheMalcolmConnection 02-26-2018, 04:47 PM So I trust my tax person, but my biggest concern is possibly OWING next year. She said that even though we get around $3,000 back each year (we take zero deductions), next year we might have to pay in. That would seriously chap my ass considering we're not getting THAT much extra to cover that in our paychecks. Anyone else hear this from their tax person (or notice it when preparing your own)? Giantone 02-26-2018, 05:54 PM So I trust my tax person, but my biggest concern is possibly OWING next year. She said that even though we get around $3,000 back each year (we take zero deductions), next year we might have to pay in. That would seriously chap my ass considering we're not getting THAT much extra to cover that in our paychecks. Anyone else hear this from their tax person (or notice it when preparing your own)? ...........yes ,my Tax man is a professional and has been doing this for years. TheMalcolmConnection 02-27-2018, 08:40 AM ...........yes ,my Tax man is a professional and has been doing this for years. So he's saying the same thing? You don't have to answer if you don't want, but do you typically get a pretty large return and now he's saying you might have to pay in? MTK 02-27-2018, 08:58 AM I find it hard to believe there would be that drastic of a swing from getting 3k back to owing $. My tax guy hasn’t mentioned anything yet TheMalcolmConnection 02-27-2018, 09:54 AM I agree. I think combined my wife and I get an extra $200 per paycheck... Just really worries me because that pays for our vacation each year. Giantone 02-27-2018, 10:07 AM Not a tax man so I am repeating and I could be wrong! We got around 1200/1500 on good years back. This year he has a print out of out taxes as we did for this year and then if we leave everything as is for next year and it's in the deductions ,we itemize the Mrs spends about 2700 out of pocket on school supply's .He says we will be hit on those things on our Federal , he says our state should still be the same. ...........live in Maryland . |
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