Taxes - Arrrrggggghhhhhhh!!!

RevSmoke · 03-21-2012, 12:18 PM

Want to vent a bit, as i just got my taxes back.

As self-employed, I need to pay quarterly payments. So, next year's quarterly payments are figured according to this year's filing and estimates for next year.

This coming year, as son is now 17, I lose a child tax credit (although he is still considered a dependent). I took on a 3rd congregation this year, adding a little over $5,000 to my yearly income.

Somehow, my quarterly payments went up over $2,000 a quarter - that's $8,000 a year.

Ouch!!!

I don't even know where that money will be coming from.

Ridiculous.

03-21-2012, 12:18 PM	#1
RevSmoke Ain't Never Gonna Leave Join Date: Oct 2008 First Name: Todd Location: Northcentral woods of Wisconsin Posts: 6,893 Trading: (51)	Taxes - Arrrrggggghhhhhhh!!! Want to vent a bit, as i just got my taxes back. As self-employed, I need to pay quarterly payments. So, next year's quarterly payments are figured according to this year's filing and estimates for next year. This coming year, as son is now 17, I lose a child tax credit (although he is still considered a dependent). I took on a 3rd congregation this year, adding a little over $5,000 to my yearly income. Somehow, my quarterly payments went up over $2,000 a quarter - that's $8,000 a year. Ouch!!! I don't even know where that money will be coming from. Ridiculous. __________________ Todd__ "Smoke what you like, and enjoy it!"