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Home > OMG! I owe over $800 on my Taxes

OMG! I owe over $800 on my Taxes

April 8th, 2010 at 01:01 am

This just goes to show you that:
1) Divorce makes your brain melt
2) You have to really nag payroll to change your withholding

It also proves that having my taxes done by someone professional is less stressful than doing them myself. I won't do Turbo tax again, because I disapprove of the company's marketing practises. I went to a retired accountant and had them done by him for $60 in one hour with less stress.

He also gave me much better advice.
1) consider saving in a Roth IRA
2) Get the Maximum Withholding
3) Start Maxing out your Retirement 401K
4) Have extra funding taken out of your tax withholdings to make up for the earlier shortfall.

And finally, I have savings I can use to pay the taxes, but instead, I'm going to use money I would normally put in my "Pay back the Ex" fund.

Usually when I do taxes, the small dogs run and hide under objects and huddle in object fear because their Mom is in a truly mean rotton mood. So this process saved wear and tear on the dogs too.

I'm starting to feel like I really am divorced. I was awarded a divorce through my church and am back in communion. I still owe ex 20K. I plan to save another 4K and then go out and spend a day at a spa to reward myself. Then I shall return to the grind and keep saving till I have the entire amount in hand.

Posted in Uncategorized | 4 Comments »

4 Responses to “OMG! I owe over $800 on my Taxes”

  1. elisabeth Says:
    April 8th, 2010 at 02:09 am 1270692576
    1270692576

    I did the opposite. I had payroll take out to much money. Divorce leaves so many things out of balance. I don't want a huge refund. Well, huge to me. I was terrified to do my taxes thinking I owed. I didn't owe, needless worry.

  2. PauletteGoddard Says:
    April 8th, 2010 at 02:38 am 1270694306
    1270694306

    I owed $890 this year. I was horrified with myself and threatened to leave so my husband and son could find someone better.

  3. miz pat Says:
    April 8th, 2010 at 03:02 pm 1270738969
    1270738969

    Holy Snot Paulette! We agonize too much over money, you are way more important that taxes are. You make me realize how I tend to place my worth on what I'm worth to people instead of my own intrinsic value as a human being. Your hubby and son better appreciate they have such a caring person in their lives.

  4. dmontngrey Says:
    April 8th, 2010 at 05:07 pm 1270746426
    1270746426

    From the payroll perspective: You don't ALWAYS have to nag... Wink Well, you do at DH's company, and you do at my mom's company, but not where I work! I'm good at my job. Smile
    I'm glad you have the savings to pay this.

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