I am claiming 1 on my taxes and it says I will owe at the end of the year. HELP!!!

Discussion in 'Trucker Taxes and Truck Financing' started by smith41, Apr 28, 2017.

  1. ExOTR

    ExOTR Windshield Chipper Extraordinaire

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    Your math is off imo. At 60k gross, 9k fed, and 3k state you will break even with the standard deduction. How did you calculate owing 1800?
     
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  3. ExOTR

    ExOTR Windshield Chipper Extraordinaire

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    Knucklehead and AtticusRoad Thank this.
  4. ExOTR

    ExOTR Windshield Chipper Extraordinaire

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    Don't try and claim per diem, as it requires you to itemize rather than taking the standard deduction.
    Only worthwhile if you are gone a more than 175-200 nights a year, or have other sizable deductions.
     
  5. p608

    p608 Road Train Member

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    Why yes I do and have been retired for 7 years, thanks for asking.
     
  6. bluemoney81

    bluemoney81 Bobtail Member

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    Try paycheck city I believe. Plug in different numbers and withholdings, then go to the free TurboTax calculator and use the corresponding numbers. Then you have your options if you want to get your money now or owe at the end of the year. My wife and I have 35k. ( home, property taxes) in write offs and still owe at the end of the yr. This yr will be different since I'm a owner operator.
     
  7. White Dog

    White Dog Road Train Member

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    This is all I saw in this thread, and it made me wanna shove a left handed scissors through my right temple. AND 6 PEOPLE THANKED THIS BAFOON!

    Here's an idea: Why can't I freaking KEEP some of my money, and stop paying for all the free-loading ***holes out there that are too chicken**** to get a God **** job?
     
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  8. crb

    crb Road Train Member

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    I don't think he is disagreeing with you.
    Why let the government have your money all year long for no interest.
     
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  9. AtticusRoad

    AtticusRoad Medium Load Member

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  10. AtticusRoad

    AtticusRoad Medium Load Member

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    First of all Income tax is Income Tax Meme.jpg
     
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  11. AtticusRoad

    AtticusRoad Medium Load Member

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    I wish I could thank this 10X.
     
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