Monday is tax day. Anyone else making major changes to their tax planning this year after filing? We are getting a refund this year which means they got to use our money instead of us. Might have been because I bumped up my 401k withholding.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I wish I only had 2 checks to write. I also had to write Q1 checks for business. However, they were less than last year.I wrote two checks yesterday and got them mailed.
^^This^^with filed extensions and payments in full (based on 100% of last year's liability), to State and Feds. It definitely helps to maximize IRA and 401K contributions but I never actually submit final returns until the end of the 6-month extensions.I wish I only had 2 checks to write. I also had to write Q1 checks for business. However, they were less than last year.
I keep good records and my yearly goal is to be within 1k total on either side. I consider this a break even point for us. I've had to file extensions; but with the extra accountant costs, it's just as easy to settle up and keep on living.^^This^^with filed extensions and payments in full (based on 100% of last year's liability), to State and Feds. It definitely helps to maximize IRA and 401K contributions but I never actually submit final returns until the end of the 6-month extensions.
What happens if you just don't do it? Serious question. Like for 2 years.
What happens if you just don't do it? Serious question. Like for 2 years.