Georgia Trail Riders Forum

MEMBERS DISCUSSION AREA => General Discussion => Topic started by: Krawler00 on January 25, 2018, 03:48:58 PM

Title: Tax break!
Post by: Krawler00 on January 25, 2018, 03:48:58 PM
Thank you President Trump. I am getting an additional $37 a check thanks to the tax break. Curious to hear what others are going to be getting on their checks. No need for political mumbo jumbo here... just good news.
Title: Re: Tax break!
Post by: lt99ls1 on January 25, 2018, 05:09:27 PM
$43 more per check.
Title: Re: Tax break!
Post by: Big Dave on January 25, 2018, 05:52:01 PM
That is awesome.
Title: Re: Tax break!
Post by: clark123456 on January 25, 2018, 06:55:43 PM
Thank you President Trump. I am getting an additional $37 a check thanks to the tax break. Curious to hear what others are going to be getting on their checks. No need for political mumbo jumbo here... just good news.
Nice.  I hope mine drops eventually.  I get paid 24 time more times this year....that'd be nice to get back.

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Title: Re: Tax break!
Post by: Chris36l on January 25, 2018, 07:29:59 PM
So far, my last check was $54 more than my typical byweekly. Was under the impression that our payroll company was not rolling out the changes until middle of February. So I'll keep updated if anything changes. (But, an extra $100 a month. I'll take it!!!!)


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Title: Re: Tax break!
Post by: kvom on January 26, 2018, 06:34:39 AM
I don't get a paycheck, but investments are up 6+% in January.
Title: Re: Tax break!
Post by: kent10sne1 on January 26, 2018, 06:57:14 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check. 

Title: Re: Tax break!
Post by: Big Dave on January 26, 2018, 07:22:51 AM
NO POLITICS!!!
Title: Re: Tax break!
Post by: kent10sne1 on January 26, 2018, 07:24:55 AM
NO POLITICS!!!
ur right.. . removed..   
Title: Re: Tax break!
Post by: clark123456 on January 26, 2018, 07:31:40 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
And that is purely tax break, no increase in salary?

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Title: Re: Tax break!
Post by: kent10sne1 on January 26, 2018, 07:39:19 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
And that is purely tax break, no increase in salary?

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yup, we dont get bonus and pay increase till march. 
Title: Re: Tax break!
Post by: clark123456 on January 26, 2018, 07:41:41 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
And that is purely tax break, no increase in salary?

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yup, we dont get bonus and pay increase till march.
That's freaking awesome!

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Title: Re: Tax break!
Post by: kent10sne1 on January 26, 2018, 07:43:08 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
And that is purely tax break, no increase in salary?

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yup, we dont get bonus and pay increase till march.
That's freaking awesome!

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ya, sad part, is wife handles bill paying and $ so.  cant really sneak this for jeep stuff.   hard being creative finding ways to get cash to pay @Danny Kinder  for all the crap i want.
Title: Re: Tax break!
Post by: clark123456 on January 26, 2018, 07:50:33 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
And that is purely tax break, no increase in salary?

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yup, we dont get bonus and pay increase till march.
That's freaking awesome!

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ya, sad part, is wife handles bill paying and $ so.  cant really sneak this for jeep stuff.   hard being creative finding ways to get cash to pay @Danny Kinder  for all the crap i want.
I have heard stories, fables if you will, of men volunteering to go grocery shopping, even for little things (such as a gallon of milk), at the spur of the moment, and the cash register at the shopping locations rewarding the men with extra cash upon providing a receipt (which is to be disposed of so your great effort is not put in front of your wife's face).  Some men consider it rude to share the cash rewards with their wife, and squirrel it away for other purposes.

Sure, $24.37 for a gallon of milk seems expensive, but quick, gripe-free service apparently doesn't come cheap.

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Title: Re: Tax break!
Post by: kent10sne1 on January 26, 2018, 08:05:47 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
And that is purely tax break, no increase in salary?

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yup, we dont get bonus and pay increase till march.
That's freaking awesome!

Sent from my SM-G930V using Tapatalk



ya, sad part, is wife handles bill paying and $ so.  cant really sneak this for jeep stuff.   hard being creative finding ways to get cash to pay @Danny Kinder  for all the crap i want.
I have heard stories, fables if you will, of men volunteering to go grocery shopping, even for little things (such as a gallon of milk), at the spur of the moment, and the cash register at the shopping locations rewarding the men with extra cash upon providing a receipt (which is to be disposed of so your great effort is not put in front of your wife's face).  Some men consider it rude to share the cash rewards with their wife, and squirrel it away for other purposes.

Sure, $24.37 for a gallon of milk seems expensive, but quick, gripe-free service apparently doesn't come cheap.

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Jes, i still do that, but she has, on a few instances wanted me to bring the receipt , .. she has also begun ording food online at walmart and the son picks it up as its over by his work.  grrrrr.   using that, as well as the @Allsouth Autosports  payment plan.  i have been able to afford stuff., but she is getting smarter.   i need more ideas like this to help me afford Hydro assist.  :)
Title: Re: Tax break!
Post by: jd30005 on January 26, 2018, 08:06:57 AM

ya, sad part, is wife handles bill paying and $ so.  cant really sneak this for jeep stuff.   hard being creative finding ways to get cash to pay @Danny Kinder  for all the crap i want.
Young Grasshopper, your first mistake is letting your wife handle the finances...  ;-)
Title: Re: Tax break!
Post by: Big Dave on January 26, 2018, 08:07:45 AM
Clarke is right. My wife handles the bills but I always buy the groceries because I'm the cook. I think my time is valuable, so I'm compensated for it.
Title: Re: Tax break!
Post by: kent10sne1 on January 26, 2018, 08:13:45 AM

ya, sad part, is wife handles bill paying and $ so.  cant really sneak this for jeep stuff.   hard being creative finding ways to get cash to pay @Danny Kinder  for all the crap i want.
Young Grasshopper, your first mistake is letting your wife handle the finances...  ;-)

well, she is much better at it, i did it for years, and hated it. that was early and well before i knew things I know now!..  she is good at it, she finds ways to pay for stuff i buy and just ask forgivness.   i have to give her credit, we have great credit, dont pay late, and we still have $ for taking nice vacatoins.  so..   ..  but I understand.. 
Title: Re: Tax break!
Post by: jd30005 on January 26, 2018, 08:18:09 AM

ya, sad part, is wife handles bill paying and $ so.  cant really sneak this for jeep stuff.   hard being creative finding ways to get cash to pay @Danny Kinder  for all the crap i want.
Young Grasshopper, your first mistake is letting your wife handle the finances...  ;-)

well, she is much better at it, i did it for years, and hated it. that was early and well before i knew things I know now!..  she is good at it, she finds ways to pay for stuff i buy and just ask forgivness.   i have to give her credit, we have great credit, dont pay late, and we still have $ for taking nice vacatoins.  so..   ..  but I understand.. 
That's awesome, and I agree it can be a hassle.  All I can say is I am a die-hard fan of Quicken, been using it forever and makes it easy while traveling.

All in good fun...
Title: Re: Tax break!
Post by: DOUG on January 26, 2018, 08:57:47 AM
I am a die-hard fan of Quicken, been using it forever and makes it easy while traveling.

I use it synced with Bank of America and Chase.  Super easy and convenient. Budget out 6 months.
Title: Re: Tax break!
Post by: patman on January 26, 2018, 09:16:32 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check. 



Great news for @Allsouth Autosports !!!
Title: Re: Tax break!
Post by: clark123456 on January 26, 2018, 09:23:50 AM
I am a die-hard fan of Quicken, been using it forever and makes it easy while traveling.

I use it synced with Bank of America and Chase.  Super easy and convenient. Budget out 6 months.
I use excel, and budget out two years the December before the next year, so it dwindles down to 12 months of projection, eventually. 

I don't link very many things to my bank account. Are there ways to set up the linkage between quicken and the bank to be "read only"?, or does the size of quicken's user base give them special treatment by the banks?

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Title: Re: Tax break!
Post by: clark123456 on January 26, 2018, 09:26:51 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
Interesting wording...you're comparing last year to this year (YoY) for the same pay date, but I have to believe your annual raise from 2017 is included in your check for this year.  Nice trickery.

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Title: Re: Tax break!
Post by: jd30005 on January 26, 2018, 09:29:35 AM
I use excel, and budget out two years the December before the next year, so it dwindles down to 12 months of projection, eventually. 

I don't link very many things to my bank account. Are there ways to set up the linkage between quicken and the bank to be "read only"?, or does the size of quicken's user base give them special treatment by the banks?

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Quicken has been around so long it is a de facto standard across most financial institutions and just about everyone supports it.  There is a quicken web connect format that is used and you establish a secure web connection with your bank accounts, credit cards, mortgage, etrade, etc.  Anything, each institution may have different requirements for 2-factor authentication, etc.  It just synchronizes the information and allows you to manage and monitor everything in one place.  You can use Quicken bill pay or the service through your bank for online bill pay. 
Title: Re: Tax break!
Post by: kent10sne1 on January 26, 2018, 09:53:34 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
Interesting wording...you're comparing last year to this year (YoY) for the same pay date, but I have to believe your annual raise from 2017 is included in your check for this year.  Nice trickery.

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raise and bonus dont hit till mid march.  but yes see where i made that wording mistake.      i took my % raise into account and removed it.  should have mentioned that.   what i did fail to do was take into account the adjustment to some of my election coverages (mishap on my part) after adjusting 2 dedutions that i dont take anymore.  im only up $92  per pay check.   my bad
Title: Re: Tax break!
Post by: lt99ls1 on January 26, 2018, 10:02:18 AM
I would like to add that this is the 1st year my insurance rates have not gone up like they have in the past 6-7 years and they actually have started going down but only a few cents.
Title: Re: Tax break!
Post by: tcdawg on January 26, 2018, 10:09:10 AM
I don't get a paycheck, but investments are up 6+% in January.

don't you pay income tax on SS?
Title: Re: Tax break!
Post by: tcdawg on January 26, 2018, 10:11:51 AM

ya, sad part, is wife handles bill paying and $ so.  cant really sneak this for jeep stuff.   hard being creative finding ways to get cash to pay @Danny Kinder  for all the crap i want.
Young Grasshopper, your first mistake is letting your wife handle the finances...  ;-)

indeed

Take that burden off the lovely lady.  She shouldn't have to dirty her hands with the tedious tasks of bill paying and what not. 
Title: Re: Tax break!
Post by: clark123456 on January 26, 2018, 10:29:52 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
Interesting wording...you're comparing last year to this year (YoY) for the same pay date, but I have to believe your annual raise from 2017 is included in your check for this year.  Nice trickery.

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raise and bonus dont hit till mid march.  but yes see where i made that wording mistake.      i took my % raise into account and removed it.  should have mentioned that.   what i did fail to do was take into account the adjustment to some of my election coverages (mishap on my part) after adjusting 2 dedutions that i dont take anymore.  im only up $92  per pay check.   my bad
Final question:  paid weekly, semi-monthly, biweekly, monthly, semiannually, or annually?

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Title: Re: Tax break!
Post by: jd30005 on January 26, 2018, 10:31:58 AM
I'm currently getting about 136 per pay check more than i did this time last year, .. . generally u have to wait till u hit the SS cap to get boost.     this is also with our insurance costs going up (told that last year we would be paying a bit more on our side).  and im still getting more $ in my check.
Interesting wording...you're comparing last year to this year (YoY) for the same pay date, but I have to believe your annual raise from 2017 is included in your check for this year.  Nice trickery.

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raise and bonus dont hit till mid march.  but yes see where i made that wording mistake.      i took my % raise into account and removed it.  should have mentioned that.   what i did fail to do was take into account the adjustment to some of my election coverages (mishap on my part) after adjusting 2 dedutions that i dont take anymore.  im only up $92  per pay check.   my bad
No worries @kent10sne1 you don't handle the finances so we know the math can be difficult.  ;-)
Title: Re: Tax break!
Post by: kvom on January 26, 2018, 12:56:34 PM
I don't get a paycheck, but investments are up 6+% in January.

don't you pay income tax on SS?

Not past full retirement age (66).  If you take SS at 62-65 then you're taxed on half the amount for any wages earned.  E.g.,  earn $1000, $500 of SS is taxable income.  But I never had W2 income anyway past 62 so for me it was moot.
Title: Re: Tax break!
Post by: Big Dave on January 26, 2018, 01:12:38 PM
I would like to add that this is the 1st year my insurance rates have not gone up like they have in the past 6-7 years and they actually have started going down but only a few cents.
Is Gint (AJ) your agent? If not I highly recommend at least getting a auto & home quote.
Title: Re: Tax break!
Post by: kent10sne1 on January 26, 2018, 01:16:18 PM
I would like to add that this is the 1st year my insurance rates have not gone up like they have in the past 6-7 years and they actually have started going down but only a few cents.
Is Gint (AJ) your agent? If not I highly recommend at least getting a auto & home quote.

I switched to @gint2  AJ, best move i made on insurance.
Title: Re: Tax break!
Post by: lt99ls1 on January 26, 2018, 01:23:33 PM
I would like to add that this is the 1st year my insurance rates have not gone up like they have in the past 6-7 years and they actually have started going down but only a few cents.
Is Gint (AJ) your agent? If not I highly recommend at least getting a auto & home quote.
I am talking about health insurance. But I will drop him a message when things slow down at work.

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Title: Re: Tax break!
Post by: clark123456 on January 26, 2018, 01:47:15 PM
I would like to add that this is the 1st year my insurance rates have not gone up like they have in the past 6-7 years and they actually have started going down but only a few cents.
Is Gint (AJ) your agent? If not I highly recommend at least getting a auto & home quote.

I switched to @gint2  AJ, best move i made on insurance.
I switched a couple of years ago, and my rates went up this year.

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Title: Re: Tax break!
Post by: Big Dave on January 26, 2018, 02:28:57 PM
My home owners is basically free.
Title: Re: Tax break!
Post by: kent10sne1 on January 26, 2018, 02:46:17 PM
@clark123456  rates went up cause he falls alot around the house. .  to much drinking and working with power tools.   //BEER//  //btt//
Title: Re: Tax break!
Post by: jd30005 on April 11, 2018, 08:18:35 AM
As part of my tax return preparation for this year, my CPA used 2017 numbers against the new tax reform act for 2018.  My tax liability for the year would be reduced by 21%.  Instead of stroking a check to Uncle Sam for $15k like I am doing this year, it would be about $900 of tax owed. 
Title: Re: Tax break!
Post by: kent10sne1 on April 11, 2018, 08:47:15 AM
As part of my tax return preparation for this year, my CPA used 2017 numbers against the new tax reform act for 2018.  My tax liability for the year would be reduced by 21%.  Instead of stroking a check to Uncle Sam for $15k like I am doing this year, it would be about $900 of tax owed. 
I'm not that good but im prob. about as happy.   we are able to swing a cruse to the Mediterranean on Azamera , down side is i have to miss harlen, but its to celebrate 36/37 years of marrage. 

So far I am pleased with the tax breaks, just need to pressure the gov. to make this perm.  dam senate rules...
Title: Re: Tax break!
Post by: Big Dave on April 11, 2018, 05:44:48 PM
No. Damn government.
Title: Re: Tax break!
Post by: clark123456 on April 11, 2018, 09:10:56 PM
Paid extra today to the feds, but getting back from the state...Still more going out than coming in.   Next year!

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Title: Re: Tax break!
Post by: Big Dave on April 11, 2018, 09:22:55 PM
Paid extra today to the feds, but getting back from the state...Still more going out than coming in.   Next year!

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