Susan Dennis (susandennis) wrote,
Susan Dennis


My CPA just called. My income tax bill for last year $3,500. On the up side, it's because my investments made too much money. My original investment adviser used to tell me to focus on the INCOME part of income tax. If I didn't have income, I wouldn't have tax. But, still... And next year, the taxes for this year will likely be as high or higher. So I will also need to pre-pay estimated tax of $1,500 every quarter this year.

In other words, time to tell my rainy day fund that it is raining. At least I have the money. Doubly glad I sent that computer back now!

So, in April, I will be paying $3,500 income tax plus $1,500 estimated tax, plus $4,000 real estate tax.

  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 1 comment