Taxes! Does anyone understand them?
By Fleur
@Fleura (29127)
United Kingdom
January 26, 2023 11:20am CST
Well here we are at the end of January and as usual I’m filling in my tax return at the last minute. Like most people, I suspect, I really hate doing it, so I end up procrastinating and putting it off endlessly.
The worst part is having to chase up all the necessary documents, whether they are actual paper documents or electronic files saved on the computer. The amount of time spent to find out that you earned 15p interest on your savings for example, is just maddening.
Now at last I have actually done it – submitted the tax return and paid the bill – yay! But I’m more confused than ever. The online account summary page showed that I had overpaid and was a few hundred pounds in credit, and yet my tax calculation showed that I owed a few thousand pounds, which I duly paid. And then when I looked at the list of previous payments, not all the ones I have made showed up!
I have no idea what’s going on. Normally I just pay what I'm told and hope they have got it right. I guess I should try and call HMRC (next month once the rush is over) and hope they can explain it all to me. The problem of course is that once I’ve submitted my return all I want to do is forget about the whole thing!
All rights reserved. © Text and image copyright Fleur 2023.
16 people like this
13 responses
@FourWalls (62120)
• United States
26 Jan 23
No, I don’t understand taxes. I just accept that whatever the software does with the figures I put in is correct. And, given that the Internal Revenue Service doesn’t knock on my door, I guess the IRS accepts whatever the software does, too.
2 people like this
@aninditasen (15732)
• Raurkela, India
27 Jan 23
The tax department in India too at times deducts extra amount and takes time to adjust the overpaid taxes.
1 person likes this
@aninditasen (15732)
• Raurkela, India
28 Jan 23
@Fleura You have to keep reminding them. That's what happens in India.
1 person likes this
@florelway (23116)
• Cagayan De Oro, Philippines
26 Jan 23
Our taxes are withheld from our monthly salary and the office submit the alpha list.
1 person likes this
@Virtually2021 (827)
• Southend-On-Sea, England
26 Jan 23
No but if I needed to, I would file a tax return by consulting an accountant.
1 person likes this
@Virtually2021 (827)
• Southend-On-Sea, England
27 Jan 23
@Fleura Yes, maybe refer to sample spreadsheets online.
1 person likes this
@vandana7 (98823)
• India
26 Jan 23
I understand them to the extent they pertain to my income and tax return. We file in July. So I am good. However, we pay advance tax every quarter. I have to pay in March, before March 15th actually. I know I have to pay almost 40000 INR, so I am pretty cool. Next year, I will save more so that I don't pay as much tax.
1 person likes this
@kaylachan (57636)
• Daytona Beach, Florida
26 Jan 23
It's a lot of math. I hate math. I use Turbo Tax and just fill-in-the-blanks.
1 person likes this
@Tampa_girl7 (48929)
• United States
27 Jan 23
I can do my state tax, but doing the federal makes me nervous.
1 person likes this