In the United States, today (April 15) is tax day. Our national federal income taxes are due and tax returns must be postmarked today.
At our house, the tax situation was the bright spot in having lower income in 2008 due to the recession. As a self-employed individual, I must pay quarterly estimated taxes of 1/4 of my annual federal and state tax due. And in 2008, Mr. Cheap finished graduate school and began teaching full-time. We had hoped that our combined income would leap (yay! we would be rich!). Instead, I lost a big client and our income went down a bit. That means, though, I’d paid the government a little too much. I’m taking the refund to put in our savings account this year.
Loading ...Browse Timeline
Comments ( 2 )
Based on our 2008 refund, and how I think 2009 will go, we may be withholding too much right now. We’ll have to take another look at that for this year.
KateNonymous added these pithy words on
Apr 15 09 at
2:49 pm
Actually, I was really disappointed with my refund. I got screwed by unlicensed child care providers, so I didn’t get that child care tax credit. Next year …
Jessica added these pithy words on
Apr 30 09 at
3:00 pm
