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Tax troubles :(

February 9th, 2006 at 03:57 pm

I have been all-consumed by our taxes. I went through TurboTax again and don't think I missed anything, which means the net we owe between Federal, NY and NJ will be about $7k. Frown

We realized that we (desperately) need to adjust his W4 form to increase the amount that's taken out each month. Years ago, when we bought the house, had the 2 kids, and were making less, he put down 7 exemptions. Since then, we're both making much more, and have refinanced the mortgage twice and are now paying much less interest. (Still have the kids, though Smile). When I did the calculation on the W4 form, it not only said that we should reduce his exemptions to 0, but that we should have an additional $300/month taken out! Ouch! I know we just need to suck it up and do it, but it's going to be painful.

Hubby's bonus will also be much lower than expected, so we'll need to dip into savings to pay the tax bill. Blah!

Turning to the positive...twice yesterday, I ordered things with expired discount codes and in both cases, the rep I got was extremely nice and honored them anyway. One saved me $4.20, the other saved me $40. It really pays to ask the reps if they can honor them anyway.

Also, taking a cue from Flash, my kids only use Tom's of Maine strawberry toothpaste. I noticed that every tube ends up splitting (and the toothpaste leaks out) before it's used up. So I called the 1-800# today. They explained why, and are sending me a "Tube Rolling Key" and a free tube of toothpaste. Good deal!

I'm changing jobs next Thursday, so my coworkers are taking me to lunch today. We have a quiet weekend planned, so hopefully it will be low-spend...

2 Responses to “Tax troubles :(”

  1. markio26 Says:
    1139549659

    i really do not like tax time.. but, i try to live for today... don't be too
    concerned with it, i know i always get thru it and you will too. as far as,
    spending the money, we have been on vacation close to 3 months,, we are
    shooting for 4 months.. we planned ahead by, using the thanx, xmas, bonuses
    and gc's, vacation money, rebate money, savings bonds money... and now
    this month i had to kick in 3 grand from savings.. same story for next month, but, our medical, dental, vison, pharmacy insurance is paid ahead, and so are
    our taxes and insurances on 3 properties, and all 4 vehicles have insurance
    paid ahead....last year we took off for 3 months vacation and stayed in nc.. we grossly overspent and learned alot of lessons... take care.

  2. Anonymous Says:
    1142274866

    IBM researchers announced that they have found a way to extend a key chip-manufacturing

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