My son received his and my wife and I received mine. yippee.
Because the GA dragged its feet and didn’t bring the state standard deduction in line with the changes at the Fed level, I owed the state over $800 on May 1. And because I didn’t benefit from itemizing on the 1040, I HAD to take the VA standard deduction. The paltry $221 received doesn’t even come close to what the numbers should have been. I’m still out just under $600 as I have never owed the state more than $100 in any given year since 2008.
This is a feel good move by the state, primarily the GOP leadership in the GA, to say, “Hey, you got a windfall because we are so good at managing things.” Horse feathers!
You never listen, do you.
I told you you should have started a hedge fund.
But, no.
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I did. But then my wife decided she wanted trees instead of hedges.
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On the other hand, the Feds’ standard deduction more than covered your State and Local Taxes, so at least you didn’t have to pay taxes on taxes.
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Well, my NET tax bill for 2018 ended up with my out-of-pocket being minus $200 or so.
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