The Frugal Lifestyle

Linus · 03-27-2010, 11:39 AM

Welp. I get to update this. I may be able to wipe out another debt. I went to H&R Block, got my taxes done and found out I only need to pay about $200 to NYC for taxes (my company didn't realize that Queens is part of NYC until April 09). But my federal return will equal around $3K. On top of that, after talk with my rep (and will verify with my g/f father who's a tax accountant) I apparently set aside too much from the stocks I sold towards taxes I believed I would have to pay on selling them (since I won't have to pay taxes on those until next year and I'll be doing a cross-country move along with getting my 401K going even more, I set aside an amount for it in a high-interest account that I never access other than to put my Emergency Funds in). Between the tax return and the excess tax funds I had set aside, it will pay off another credit card (about another 10%) leaving me with one credit card and the line of credit to pay off.

w00t!

03-27-2010, 11:39 AM	#11
Linus The Planet's Technical Bubba How Do You Identify?: FTM Preferred Pronoun?: He/Him/Geek Relationship Status: Married to my forever! Join Date: Nov 2009 Location: Redondo Beach, CA Posts: 5,440 My Photo Gallery Thanks: 2,929 Thanked 10,725 Times in 3,172 Posts Rep Power: 21474858	Welp. I get to update this. I may be able to wipe out another debt. I went to H&R Block, got my taxes done and found out I only need to pay about $200 to NYC for taxes (my company didn't realize that Queens is part of NYC until April 09). But my federal return will equal around $3K. On top of that, after talk with my rep (and will verify with my g/f father who's a tax accountant) I apparently set aside too much from the stocks I sold towards taxes I believed I would have to pay on selling them (since I won't have to pay taxes on those until next year and I'll be doing a cross-country move along with getting my 401K going even more, I set aside an amount for it in a high-interest account that I never access other than to put my Emergency Funds in). Between the tax return and the excess tax funds I had set aside, it will pay off another credit card (about another 10%) leaving me with one credit card and the line of credit to pay off. w00t! __________________ Personal Blog \|\| [] \|\| Cigar Blog "We become Human Doings instead of Human Beings." -- Ram Dass