2023 Taxes

[QuarterMillionMan]

2023 was the first year in since forever that I could efile. I forget the reasons in prior years why I could not efile and it would get rejected when I tried to efile. 2023 is when I finally got "congratulations" your efile was accepted.

[takekuma]

Man, I totally feel you on those rounding problems and checkboxes. It's nuts how such tiny details can throw everything out of whack.

[bjl584]

I'm actually getting a refund this year of $584. I do owe the state $220, so about half of my federal refund, but I normally end up owing $1500 to $2000.

[kork13]

Is there any way to check the status of a tax return if you owe? The IRS "where's my refund" page doesn't work if there's not a refund to be issued ... I just wish there was a way to see that my return has been processed & approved. Otherwise, there doesn't seem to be any sort of feedback that they're calling my return good.

[scfr]

Is there any way to check the status of a tax return if you owe? The IRS "where's my refund" page doesn't work if there's not a refund to be issued ... I just wish there was a way to see that my return has been processed & approved. Otherwise, there doesn't seem to be any sort of feedback that they're calling my return good.

We e-file through Turbo Tax and get notices that our return has been received and accepted, which is different from approved. I consider it approved if I haven't heard otherwise within 3 years.

[kork13]

We e-file through Turbo Tax and get notices that our return has been received and accepted, which is different from approved. I consider it approved if I haven't heard otherwise within 3 years.

LOL yeah I'd prefer to have that confirmation within the ~3 weeks they normally give for refunds.

[kork13]

All that remains is to do the 3x kiddie tax returns for DKs, I expect to owe a few hundred dollars for them. Planning to knock those out this weekend. I'm uncertain if I'll be able to e-file for them, or if I'll have to mail them in again like last year. Last year was their first time filing, and I just don't recall if future years could be e-filed, or if mail-in is always required for children.

DKs' taxes are all done & filed! Gratefully, they were super easy, just 2x 1099s to deal with. Made for a very simple return, and with the IRS's free fillable forms program, I was able to knock out all 3 within about 1.5 hrs.

Two items of great news:
(1) each of them actually only owed a measly $6 apeice, off of ~$1400 income (+/- a bit). They only get a $1,250 exemption filing separately as a claimed dependent, but that plus the qualified dividends ended up with only $60-75 being taxed for each child. So rather than including their income on the MFJ return for DW & I (which likely would have cost us ~$870 in more taxes), we only pay $18 total for their combined incomes. The way I see it, I just saved/earned myself $565/hr by doing separate tax returns for DKs -- big win!
(2) Because I filed for them last year & was able to validate their 2022 AGI in the system, I was able to e-file DKs' returns, which is obviously WAY easier. Just awaiting confirmation of IRS acceptance (1 already came in).

[QuarterMillionMan]

Hypothetical tax question to anyone here. Let's say this past weekend you went to New Orleans, Louisiana and won a $10,000 jackpot on a slot machine and was issued a W-2 G along with $10,000 in cash. When you file your tax return for 2024 in 2025, would you have to file a Louisiana tax return?

[disneysteve]

Hypothetical tax question to anyone here. Let's say this past weekend you went to New Orleans, Louisiana and won a $10,000 jackpot on a slot machine and was issued a W-2 G along with $10,000 in cash. When you file your tax return for 2024 in 2025, would you have to file a Louisiana tax return?

I have no idea what taxes are required on gambling winnings in Louisiana but I’d certainly be finding out.

[QuarterMillionMan]

Yup, it would be a good problem to have.