[xkeowner]

Checked my military retired payment for February and was pleased to see an increase of $149!

[Kahuna32162]

Hmm, haven't seen it in my entitlement, oh I mean Social Security check yet.

[Tom C]

it is more like a "disbursement".

They probably paid in for years, and are now getting some of it back in small installments.

[Allegiance]

Originally Posted by xkeowner

Checked my military retired payment for February and was pleased to see an increase of $149!

Thank you for your service. This once again great Country thanks you!

[judynlee]

My understanding is the tax cuts don't go into effect until next year.
Perhaps you got a bonus!

[Allegiance]

Originally Posted by judynlee

My understanding is the tax cuts don't go into effect until next year.
Perhaps you got a bonus!

Anyone getting a check that has withholding of federal income tax now has a very significant raise! Pay checks, pension checks. It's a great time for America.

Tax cuts are retroactive to 1/1/18. This pay period was the 1st period the new tables were used.

[Viperguy]

Just "crumbs". Eh?

[Allegiance]

Originally Posted by cgilcreast

Just "crumbs". Eh?

$149x12=$1788 annual net for the OP. ....and that is just on his military pension.

Crumbs...lol


A bread factory

[Villageswimmer]

Originally Posted by Kahuna32162

Hmm, haven't seen it in my entitlement, oh I mean Social Security check yet.

they must have made a mistake. Did you pay in to Social Security.

[xkeowner]

Originally Posted by Allegiance

$149x12=$1788 annual net for the OP. ....and that is just on his military pension.

Crumbs...lol


A bread factory

I know I can get it cheaper but if I pay $4.00 per loaf I can get 447 loaves of bread for that amount. Google tells me I can get a cup of bread crumbs for every three slices of bread. Without trying to do any more math I suspect that is well over a million more crumbs a year.

[8notes]

Originally Posted by Allegiance

$149x12=$1788 annual net for the OP. ....and that is just on his military pension.

Crumbs...lol


A bread factory

And how much will these bonuses increase the national debt? Economists estimate anywhere from $10 to $24 trillion. Sad.

[Wiotte]

Inflation will be heating up soon. Take those extra few bucks and plant them well.



Sent from my iPhone using Tapatalk

[llovelace]

I just received a larger pension check but after calculating what I will need to pay in taxes for 2018, it certainly appears I will be paying more. Even though the standard deduction will go up to $12000 but with the elimination of the personal exemption of over $4000 and elimination of other deductions my taxes will increase and I fear I will not pay enough in and be penalized in the end. Be careful before you spend this and determine if your taxes will really go down. Mine will not. I think many people will be surprised when they file next year.

[Allegiance]

Originally Posted by llovelace

I just received a larger pension check but after calculating what I will need to pay in taxes for 2018, it certainly appears I will be paying more. Even though the standard deduction will go up to $12000 but with the elimination of the personal exemption of over $4000 and elimination of other deductions my taxes will increase and I fear I will not pay enough in and be penalized in the end. Be careful before you spend this and determine if your taxes will really go down. Mine will not. I think many people will be surprised when they file next year.

Nearly impossible for a Florida resident. If you are a high income person from a high tax state, paying alimony or adopting a child .... maybe.


Every person who has said that to me so far has either been uninformed or purposely making a false statement.

[8notes]

Originally Posted by llovelace

I just received a larger pension check but after calculating what I will need to pay in taxes for 2018, it certainly appears I will be paying more. Even though the standard deduction will go up to $12000 but with the elimination of the personal exemption of over $4000 and elimination of other deductions my taxes will increase and I fear I will not pay enough in and be penalized in the end. Be careful before you spend this and determine if your taxes will really go down. Mine will not. I think many people will be surprised when they file next year.

AARP estimates that 1 in 5 seniors will either see no change in their taxes or will see a tax increase. Good luck to you. At least we can sleep at night knowing that by 2027, 83 percent of the tax benefits will go to the richest 1 percent in the country (according to the nonpartisan Tax Policy Center).