North Carolina Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Anyone else depressed over taxes?
DH was very excited to do our taxes. He wanted to see how much he'd get back. Welllll that'd be none and pay the government loads of money! YEEEHAWW!
Today I got the form the change my deductions at work. I was claiming 1 (changing to 0) and DH claims 0 and we STILL are getting raped by the IRS.
So depressing. I'm going to go drown myself in mac and cheese.
Re: Anyone else depressed over taxes?
I am by no means a tax professional (yet), but without knowing all of your particulars if you were claiming 1 and DH was claiming 0 you should have a decent bit of $$ withheld. Now there definitely could be some circumstances that would require you to still owe taxes, but you might just want to double check your calculations to make sure everything is correct.
Many times people owe quite a bit of money since they don't have much withheld from their paycheck, which as a PP mentioned could be a more advantageous approach since you earn interest on the money over the year before you give it to the gov't.
I am currently a fan of tax time since we are still able to get a refund. Although I think this year might be the last of our "large" returns. But like others said, that doesn't necessarily mean that next year's situation isn't an improvement.
Yes, over $10K total withheld from Fed & State btwn the two of us. I've used tax turbo tax and tax act and got the same result. I know why state is screwed up b/c DH gets his taxes paid to VA. Now if we only had to pay a few hundred I wouldn't be so frustrated, but have to struggle to get the money to pay our taxes is very depressing. Paying over $10K in taxes throughout the yr and still having to pay over $1K at tax time is making harsh.... We don't have $1K sitting around, if we did I wouldn't be so worried about paying our bills.
This is our situation. We are pretty much broke, we make sh*tty money, and we still OWE every year. I freaking hate tax time
Figure out WHY you are owing. Where can you up contributions to charity, IRAs, retirement? Are you claiming the std. deduction or itemizing? Where do you fall on a tax table... at the beginning of a category/tier or the top? You can't look at it as I'm paying X amount throughout the year and then you owe Y on top of that... as crappy as it is, it's reality. While the tax brackets have their flaws, unfortunately that's the way it is for everyone (well, except for very low income).
We've already upped our donations this year compared to last. We just didn't have the extra cash this last year with getting settled in our new home (bought Nov '09). We got everything paid off in November of this last year, so we're in a better place now, but it's still frustrating to try and come up with over $1K in 2 months. DH is taking extra hours at work (which means he's away from home traveling anywhere from Ohio to Florida) to try and help get the money. I've already filled out the forms at work to get my deductions changed to 0.
We have to claim standard, our itemized deductions is JUST below standard. Thank you for your suggestions, its something I will really look into for next years taxes. Hindsight is always 20/20.