Needless to say, I'm thrilled to have finished my taxes, state and federal, today. I overpaid both by quite a bit, but the truth is, it can be very difficult to estimate income when you're self-employed, you get laid off from one job mid-year and the next job you get fizzles out after about 4 months. My "total expected income" was indeed a moving target.
So I am expecting a federal tax refund of $1,306 and a state refund of $1,282, for a total of $2,588 deposited to my checking....sweet.
I'm glad I was able to once again do my own taxes; last year, I paid someone, and she made a number of mistakes, including overlooking a traditional IRA contribution I made and indicating I paid out 1099s to someone as part of my self-employment when I am solo.
I'm relieved to have this behind me so I can now more fully focus on the first writing assignment I've been given by my new employer. I have a little less than 2 weeks to do it, which is plenty of time.
It's mighty chilly here in New England; temps were about -3 this morning when I woke up and with the wind chill, about -15 or -20. But temps will moderate quickly and tomorrow will be warmish again (for winter) in the 40s.
February 4th, 2023 at 09:28 pm 1675546107
Good luck with the writing assignment!
February 5th, 2023 at 06:58 pm 1675623539
Hopefully this year will be an easier one as far as working and then doing the taxes.
February 7th, 2023 at 06:29 am 1675751350
February 9th, 2023 at 10:09 am 1675937387