So much for mortage tax deducation.

[charrison]

I am getting back $97. The good news is I dont have change my withholdings :|

 

[FoBoT]

that is good, that means you have the discipline to not give the gubberment an interest free loan during the year

 

[Queasy]

That's a good thing. You're not over-paying and getting to keep more of your money instead of letting the government sit on it for most of the year.

The real question is, how much did you pay in total taxes as a percentage of your gross salary?

 

[charrison]

Originally posted by: Queasy
That's a good thing. You're not over-paying and getting to keep more of your money instead of letting the government sit on it for most of the year.

The real question is, how much did you pay in total taxes as a percentage of your gross salary?

I was only expecting a fat return because we bought a house midyear. Buying a house had 0 effect on our taxes.

17% to fed, down from 19% 2 years ago.

 

[MaxDepth]

I needed to buy a house at the beginning of last year when I found out the govt. royally reamed me the previous year to the tune of 38%. But now since I'm unemployed, I might have lost the house (or sold it).
😱

so - the question is - do you want more of a tax break this year with Bush, or pay the same or more with the Dems?

 

[charrison]

Originally posted by: MaxDepth
I needed to buy a house at the beginning of last year when I found out the govt. royally reamed me the previous year to the tune of 38%. But now since I'm unemployed, I might have lost the house (or sold it).
😱

so - the question is - do you want more of a tax break this year with Bush, or pay the same or more with the Dems?

More tax cut please.

 

[KK]

If you are married, have 2 kids, 2 dogs, and a house, you'll not pay as much to uncle sam. I think I got away with only paying around 6% to federal. I'm sure it will go up next year when the wife goes back to work.

KK

 

[charrison]

Originally posted by: KK
If you are married, have 2 kids, 2 dogs, and a house, you'll not pay as much to uncle sam. I think I got away with only paying around 6% to federal. I'm sure it will go up next year when the wife goes back to work.

KK

Are you claiming the dogs as a dependant? IF you are what form do you use?

 

[T2T III]

Originally posted by: charrison

Originally posted by: Queasy
That's a good thing. You're not over-paying and getting to keep more of your money instead of letting the government sit on it for most of the year.

The real question is, how much did you pay in total taxes as a percentage of your gross salary?

I was only expecting a fat return because we bought a house midyear. Buying a house had 0 effect on our taxes.

17% to fed, down from 19% 2 years ago.

Did you remember to deduct the "seller paid points" on the Schedule "A" of your tax return????

 

[charrison]

Originally posted by: wje

Originally posted by: charrison

Originally posted by: Queasy
That's a good thing. You're not over-paying and getting to keep more of your money instead of letting the government sit on it for most of the year.

The real question is, how much did you pay in total taxes as a percentage of your gross salary?

I was only expecting a fat return because we bought a house midyear. Buying a house had 0 effect on our taxes.

17% to fed, down from 19% 2 years ago.

Did you remember to deduct the "seller paid points" on the Schedule "A" of your tax return????

Interest+points paid+prop tax were less than the standard deducation.