2 quickies today.
#1) The IRS is freaking FAST fast FAST! My state and federal taxes were literally JUST sent in online (Last Thursday), and I already got both direct deposited into my account! Seriously, how tight is that? This is the first tax return i've done since buying our house, and i am totally LOVING home ownership right now :)
Federal: $3,036: The timing is impeccable. My Emergency Fund was down to $105 this week (from $3500+ last month due to our crazy Heloc freezing), so i welcome this sum with wide open arms :) I'll be updating my net worth and Sexy Goals in the next few days, and now i'm sexcited!
State: $849: Yeee-haw! Another pile which should hopefully make it into my Emergency Fund this week.
#2) I am revising this site a bit, as you can probably tell, so i huge sorry in advance if i delete comments, feeds, or anything else that can possibly happen. My goal of writing one post a week day is still alive though, so don't you worry about that my good friends. I hope you like the changes!
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Federal: $3,036: The timing is impeccable. My Emergency Fund was down to $105 this week (from $3500+ last month due to our crazy Heloc freezing), so i welcome this sum with wide open arms :) I'll be updating my net worth and Sexy Goals in the next few days, and now i'm sexcited!
State: $849: Yeee-haw! Another pile which should hopefully make it into my Emergency Fund this week.
#2) I am revising this site a bit, as you can probably tell, so i huge sorry in advance if i delete comments, feeds, or anything else that can possibly happen. My goal of writing one post a week day is still alive though, so don't you worry about that my good friends. I hope you like the changes!
Labels: home ownership, taxes
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posted by J. Money at
10:34 AM
3 Comments:
How did your no shopping challenge go this weekend?
Last year (2006) I was in the same boat you are in: It was my first full year owning a house, and I got about the same amount back as you're getting. I adjusted my withholding for 2007 to try to come out even. I did a pretty good job - I owe just over $100. It feels weird to claim 6 exemptions, since it's just me, but lets me get the money up front instead of giving the government a free loan.
The thing I love is that Turbo Tax lets you specify the day the IRS takes out your payment. Of course I specified April 15!
really? that is awesome that you're able to get it so close!
it's weird, i actually changed my exemptions to 6 also, thinking it would pretty much even out, but i was STILL off :) def. a good thing of course, but i'm with you. i'd much rather have all that money now to invest than let the gov't enjoy it.
i think i'll have to hit up my accountant and ask why exactly i was way off. thx for the comment!
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