We always owe lately.

We started doing fine, getting a tax credit for about 2 years until the year hubby was in the hospital. Then we couldn't make those nasty quarterly payments. This is year 2 since his hospitalization and we finally paid off last years taxes plus interest and penalties.

This year will be tougher I think, but he thinks we may just break even with all the expenses he has (he thought that last year too). It was a rush because our tax man died last year (just our luck)and had to find one in a rush and of course, was not as familiar with us. BUT, our mortgage(s) are paid off and there is no depreciation on his truck, so that's 3 things that will get us in trouble.

Hopefully we will be able to start paying quarterly again.

• whahhhh I want my W2's already LOL - QA girl
  • We always owe lately. - Getting older
    • sorry :( - QA girl
  • Got $$$$ back last year but this year - Really wanted mine also
  • Not me, owed last year, and expect to owe this year- sm - Laura
  • No matter when you file, they sm - on the news
    • I heard this, too. I was going to file early this year - Ditto.
      • LOL no it's not, it's because of the alernative minimum tax - silly
        • Yet the AMT is completely unrelated to all the low income - Or so they say....
          • If you had figured correctly, you would not GET a big return - Hold what you got
            • Not to mention you're letting the govt use your money INTEREST FREE - tnmt
            • Not necessarily. There are lots of other factors - me
              • But then you don’t complain if you cannot pay this or that - Fine and good
            • eh I like it. It's kinda like a savings plan for me. - QA girl
              • You don't manage your own savings account? - You could be getting all of that interest for
                • actually I buy I bonds, can't trust myself with a savings account - QA girl
                  • No one will ever be as concerned about your $ - as you should be. Get responsible with your $.
                • and then you have to pay taxes on the interest LOL - QA girl
                  • Even after paying taxes, you end up with more - money than you started with. nm
                • If you have so much money, you can give Uncle - Sam your interest, please give it to me instead.
          • link to AMT specifics - good site
  • I was thinking the same thing yesterday... - HolidayMT

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