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To: Libloather

This was an unusual year for several reasons (job change, relocation, higher salary until the contract ended early). Normally, I wind up owing $100-$200 when it is all over. This year, it will be $300 but I pushed myself into a higher bracket with the new job.

I’m not unhappy about it though. So much good came from the tax changes and, I believe, I would have made money had I stayed at the old rate.

One bit of advice for those with 401Ks. If you have some wiggle room to throw some money into it, you can still do so before April 15th and claim it as a deduction on 2018 which could drop you into a lower tax bracket if you are already close to the bottom of that bracket. Lowering your overall rate is the best way to move the needle downward.


19 posted on 02/09/2019 4:21:13 AM PST by OrangeHoof (Trump is Making the Media Grate Again)
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To: OrangeHoof

Have not done my taxes yet but we made about $3000 more last year and paid $2100 LESS in taxes. I figure I got my rebate in monthly increments.


24 posted on 02/09/2019 4:26:08 AM PST by Josa
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