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Tax Prep

January 22nd, 2023 at 02:10 pm

I plugged in my numbers into the H&R Block calculator because I was anxious about having to pay a lot this year due to increases in income. It looks like I will owe less than $100 to federal, maybe a couple of hundred to state. It doesn't seem to calculate state taxes so I'm only going off my own rough calculations.

I didn't realize that the state income tax rates went down last year. That's a huge thing as they've remained unchanged for as long as I can remember. I don't know how I missed that news. Our high sales tax rate remains unchanged.

I received my W-2 for my primary job as well as one of my 1099-INT forms and was able to upload it to the H&R Block website for my dad to work on later. I don't think he can do my family & friends tax return until after the rush anyway.

2 Responses to “Tax Prep”

  1. rob62521 Says:
    1674415088

    Sounds like you did well as far as the taxes. That's something about the state tax rate going down. Wish ours would.

  2. mumof2 Says:
    1674427617

    I think it is so different that you pay 2 lots of taxes...we just pay taxes over here...no state just federal taxes....makes it much easier

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