Bill Roper (billroper) wrote,
Bill Roper
billroper

It's Taxing

Got my tax returns back from the accountant. Caught one small transcription error on the Illinois return, which they will fix.

It's hard to speak definitively about the effect of the Federal tax law changes on our taxes due to income fluctuations across the last three years, but the good news is that I don't owe the Feds money this year. In fact, I will get money back in excess of the estimated tax payments that I made last year. And I will no longer need to make the estimated tax payments, which is also good.

I owe Illinois some money this year, mostly because we didn't put money in the girls' education accounts, partly because I accelerated some of this year's property tax payments into last year to try to take advantage of that deduction on last year's Federal return. But I don't owe Illinois very much money, which is good.

This feels *much* better than last year.
Tags: home, musings, taxes
Subscribe

  • One of Those Days

    Overall, it might have been better to stay in bed today, but that wasn't really an option. I am still slogging through a problem at work. I'm going…

  • Comcast At Work

    So we went to watch some TV that we'd recorded on our Comcast X1 DVR and discovered that -- overnight! -- we had gone from less than 50% full to over…

  • Tired

    I hit the wall late this afternoon. Sleep will follow soon now, but I needed to finish going through the APBA cards for next season. In other news,…

  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 0 comments