WOULD SOMEONE please explain to me--Don--this means you, since you are my only reader, right now. :o) Why do I feel like I am being taxed twice?????? I took out money from my IRA (without penalty for first time home buyer) and paid the tax on it. Now when I enter my 1099-R it counts as income (I guess in a new bracket) and lowers my tax refund. Is it just me, or does that seem like I am being taxed twice? NO PENALTY withdrawal--YEAH RIGHT!
I have also discovered that I would have been better off NOT working a second part time job this year since I was only taxed $7.10 in federal taxes and $7.01 in state taxes. Thank GOD we bought a house and were able to claim the first time home-buyer credit--or else I would have been paying federal and state taxes in amounts that I would not be able to afford! Granted--without the house I wouldn't have to count the IRA as income. GEEZ. I can't catch a break this year.
2 comments:
Who do I look like, Jackson Hewitt?
I'm just an idiot who lucks out at tax time!
LOL. DON...seriously--you know everything.
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