I could really use some of that blood I just sent you.
We did not do as good of a job of charitable giving this year. Add to that an even worse job of keeping receipts, and we actually owe money for the first time in years. Not much, but some.
Bummer! I hope not to the point where you have penalties or have to pay quarterly next year?
We were getting quite a bit back in the last few years, so I had less taken out of my checks this year. Add that to the decreased charitable giving and Uncle Sam gets a bit more of our money this year.
All you money are belong to us..
I need to start taking more exemptions than what I am eligible for. But on the other hand, my motivation in high to file my taxes early and get my refund check in.
I bought a tractor last fall, and my CPA had me expense the whole thing for this year's taxes... so, for the first time EVER, no federal income tax (still paid over $8000 to our friend FICA), AND earned income credit!! GEE, all that covers the payment for my 1st quarter of 2008!!! I'm gonna buy cows this year!!! WAAAAY better deduction than kids!
As with mud, life, too, slides by.
Home office? (this ones a red flag though....good way to trigger an audit).
Vehicle mileage for business purposes (again, unreimbursed by employer).
Oh, yeah...if you want to send me that $1,000...we can call it tax preparation fees and you can deduct it.
is that enough?
I think un-reimbursed medical needs to be more than 7.5% of AGI...
Wife just called. She forget she made payroll contributions to United Way. Just found another $750 or so in deductions, which should bring me to a zero sum game for this year. Gonna be close.
You're welcome for those interest-free loans these last couple years. I know you got my back if I ever need it, right?
Hey gang, Can I deduct the cost of a new bike because it's a form of a hybrid, gas saving vehicle?
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