‘Tis the Season to be . . . Tax Prepared?

tax-time-1040.jpgWell, maybe we’re not really hard over on getting the tax return for 2018 in the works just yet. We did, however, get our 2018 copy of the tax program we use and installed it on the laptop.

One thing we do want to evaluate is how well we did with our estimation of how much to withhold this year. We used IRS Notice 1036 to get a head start on the withholding and posted about it in February. With the new Tax Cuts, we hope to be fairly close on the figures. During the tax year we also tweaked the withholding a time or two.

Another item I am interested in seeing what effect it might have and that is having ordered my Ham Radio Call Plates also resulted in prematurely (in 2018 rather than 2019) paying the Vehicle License Fee on the RV which will increase the deduction for taxes paid. It’s not a trivial amount, so it will be interesting to see. We may wind up getting a refund again and you may know how I hate to lend the .gov interest-free $$$.

So, the program is installed and I will begin dribbling information into it over the next couple of weeks in order to gain an inkling as to how well our estimated withholding worked. I’ll post on that when I know something more.

Leave a Comment

Before commenting, please read our Making Comments Page for a few rules -- like being civil, not pasting large text excerpts from other sites, not more than one or two links, etc.

Comments for this post will be closed in 3 days.

-->