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Preliminary Tax Refund

January 2nd, 2015 at 11:05 pm

I put all my information from my last paystubs into FreeTaxUSA to get an idea of my tax situation since I really didn't know what to expect this year. DD turned 17 so I lost the child tax credit. I started the second job. And I didn't have any rental property. But according to what I entered I will get about $900 back from federal and about $50 back from state. I will take it. Once I find out for sure what I am getting back I will post my plan for it. One thing for sure is DD's senior pictures. They keep upping the discount amount so I will wait a while until the discount is close to 40%. Then the rest will be applied to credit card payments.

I guess I need to go in and adjust the amount of withholding for this year. The second job is withholding hardly anything even though I am claiming single 2. I think I will have them withhold an additional $15 per check. That should cover it I think. I have an additional $10 withheld from my first job. I just don't want any surprises next year.

Posted in Misc Thoughts and Updates | 1 Comments »

1 Responses to “Preliminary Tax Refund”

  1. chloe Says:
    January 3rd, 2015 at 03:07 am 1420254424
    1420254424

    I'm confused -- if you're getting a refund, why do you want to have more taken out of each check? Is it because your second job was only for part of this past year?

    I'm glad your refund can cover the graduation photos. Good plan to wait for a maximum discount. Professional photos can be expensive!

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