Sabrina’s Money Madness

I owed a little over $100 to the city and state that I live in. I get a small refund for federal taxes so I just sit the money in my bank account and pay my taxes with that. I have my exemptions set at 2 or 3 so the amount that I get back […]

I changed my with-holdings from 1 to 2. I get a refund every year so changing my with-holdings will just make me get a smaller refund. If I didn’t want to get one at all, I would change the number to 4. However since I have side income and pay taxes on interest and dividends I […]

Taxes and benefits were equal to 30% of my gross pay. My benefits were just about 7% including medical and 401k. The rest went to the million and one taxes that I have to pay. In PA, we pay state, local and school taxes. I can’t wait to move to FL where the taxes are […]

We had a program last year where you got money if you referred customers to the bank. Well people did their referrals and got their awards but they forgot to take taxes into account. 1 person got $20 less in her check because of the taxes. The other person got $3 more.
They thought the bank […]

Yippee! It’s a small refund but I don’t owe and that’s great. I do owe money to the city and state but that was to be expected. I always owe them both anyway. I usually owe the state because of interest and dividends. It’s not bad because even after I pay both taxes, I will […]

I really hope I get a refund this year because I could use the money. Who really can’t use extra money. Yeah I know it’s not “extra”. It’s just the tax-free loan money that I gave to the government all year that they’re now returning to me. I haven’t changed my withholding allowances because I […]

I had to find 1 years worth of telephone and internet bills. Luckily I keep all of that stuff forever. I can deduct a portion of those expenses from my taxes. I wouldn’t even need a house phone if I didn’t use the internet. I use my cell phone for all of my calls. I […]

I thought I was ready to file my taxes but I’m not. I need to find all of the papers that I need for my deductions. I’m a pack rat so I have everything that I need, I just have to get it in order. Hopefully it won’t take me too long to find everything.
I […]

I’m still waiting on 1 w-2 in order to be able to do my taxes for last year. I think I will just squeak out a federal refund. I know I will owe the state because I always owe them a few dollars. They tax interest and dividends so that’s what I generally owe money […]

And it’s in my favor! Imagine that. We pay a local tax of $52 per year. Instead of being taken out as a lump sum, it will now be pro-rated and taken out of each check. I had already planned on setting that money aside every pay so that’s cool with me. I also get […]

Oh boy, I made a big ol’ boo-boo. I didn’t file my local taxes for the past 2 years. Durrhhh. I always file my federal and state taxes but I never filed my local taxes. I totally forgot about them. I pulled out my old paperwork and filled out the papers as best as I […]

I’m ready to do a happy dance. I just finished my taxes and it’s a whole lot better than I expected. I thought I would owe…I don’t! That was wonderful news unto itself. But I also get a $275 refund. Wowzer! I do owe the state $25 but I figured as much. I always owe […]