I just can't get my taxes right. After owing an absolute bundle last year (and the year before that, and the year before that), I paid some modest estimated taxes in the first half of last year, then changed my withholding to take more $ out of my paycheck for federal taxes. I didn't do any big time calculation, but based on the amounts, I felt confident that I'd at least be in the ballpark.
I logged onto Turbotax tonight to get an idea of how they would shake out. I'm still waiting on a few mutual fund tax forms (which will only make it worse), and it looks like I'll owe about $1500 Federal this year. I can't figure out the state amounts yet, because I need to have the federal information firmed up first.
What a bummer! One thing that I will do this year that I never seem to do in the past is file my NY taxes first (always get a refund), then use that money to help pay my federal bill.
In other news, brother and SIL called tonight. They booked the house we always get in the Outerbanks for this summer, so I'll have to send her our share sometime over the next month or so.
Tax time :(
January 21st, 2008 at 03:02 am
January 21st, 2008 at 02:11 pm 1200924684
January 21st, 2008 at 03:30 pm 1200929450
If you file electronically actually you get your refunds right away, but any balances aren't due until April 15th. It's pretty nice.