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Old 03-21-2012, 12:18 PM   #1
RevSmoke
Ain't Never Gonna Leave
 
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Join Date: Oct 2008
First Name: Todd
Location: Northcentral woods of Wisconsin
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Default 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.
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