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Not 100% sure yet what my taxes will look like (waiting on one more tax form, and just got a surprise 1099-C yesterday - didn't know one of my old credit cards had been officially written off. I guess it can come off the spreadsheet!).
Based on what I've input so far, I owe <$50 to federal which is fine, and am due ~$1600 from state. I have a previous year balance for state, so it will more than wipe it out (yay!) and I should end up with around $400. Which will go to paying something down or into savings. Right now I am focusing on savings so probably that. We'll see.
Completed today. Once I ran the state portion, things changed a bit. I owe $307 to federal and $116 to state (e-filed and signed up to have it auto-withdrawn on 4/15). Sigh. Oh well. I'm in a much better position than years past so I will pay it and move on. Wish I was getting a little something back but grateful to not owe more. Would have been nice to wipe out that state balance.
Ran my numbers yesterday. I owe about $100 to state and about $600 to Federal. My goal is always to owe less than $1000 total, so I did well. I'm going to adjust just a little bit so I owe less next year.
im still trying to figure out how I owe $700 bucks. I adjusted my w4 since last year I had to pay 600 now this year its more.. my husband and I have a combined income of 50,000 and deductions are 12,900 with one dependent..i I've deducted all im allowed.. I thought I would break out even this year.. ugh... guess im filing very last minute..
I get a refund because with interest rates on savings accounts these days, it's not like it would make any real difference, and this way, I get a nice chunk all at once. I use it towards vacations or for a planned big ticket item like new furniture. This year will be a vacation.
Usually we break even. We'll get a bit from federal and then have to pay state.
Our car tags are usually due around the same time, so we have to pay that too.
In the end, I think we end up getting like $100-$200 back.
We finally got my wife's W2s so, I'll be doing them this weekend.
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