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Taxes Paid Off

July 28th, 2018 at 07:12 pm

This week I sent off the final payment for my federal taxes (including the late fees & penalties). This year I owed over $4k, which is a much larger amount than I've ever owed. Last year was an unusual year with income that I didn't anticipate. This year will be less income, but I still decreased my exemptions to 0 at both jobs. I don't anticipate another 6 figure year for 2018.

I have been working a lot of extra hours at my full-time job, but there is no overtime pay involved. I earn hours to take off later. I don't have strong feelings about not getting overtime, but it would be nice if I did. I've raided what little cash I had to pay off the IRS. However, I will enjoy the extra time off later when we get past our inspection.

No other new news on the personal finance front. Things are the same, but I'm happy to see some bounce-back in the stock market, for however long it holds.

4 Responses to “Taxes Paid Off”

  1. Amber Says:

    Good job on paying off the taxes.
    However, I’m concerned about the overtime. If you’re nonexempt, why aren’t you getting the OT?

  2. Wink Says:

    Congrats on paying off the tax debt!

  3. Kymberlee Fisher Says:

    I also work at a job that in lieu of overtime pay you "bank" your hours for
    paid time off. I am fairly sure that it is not legal but who wants to be the one to rock the boat? :/

  4. rob62521 Says:

    Glad you got the taxes paid off. That has to be a relief!

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