We finally got the last of the tax forms in the mail today, so I finished up the (almost completely done) tax package and e-filed it in the Turbo Tax on-line repository where it will languish until the 31st of January when the IRS begins accepting returns. The tax program assured me that my return would be near the front of the line when the IRS opens the gates.
Our filing status did not change this year, but we had a considerable quantity if non-cash donations to local charities. When my Mother passed away last fall, we gave most of her personal things to Soroptimist and Habitat for Humanity. Between those donations and our normal ones, we had more deductions.
Because of the extra charitable donations last year, we overpaid both the Federal and State tax. As I may have mentioned before, I prefer to owe them each a small amount rather than letting them use our money interest free. I believe that I have adjusted both Federal and State withholding to underpay slightly this year. Meanwhile, we will be getting a total of less than $1K back.
By the way, I calculated what we would have owed Kalifornistan income tax just for kicks. I turns out that their tax rate is EIGHT TIMES that of Arizona’s in our income bracket. Between that little factoid and knowing what tax spenders out there spend the money on, makes me glad to be outa there. Hopefully, this is also the year we will be flipping our SoCal house and get out from under the outrageous property tax and insurance bills.