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MissB

(15,826 posts)

15. Oh. Ow. We owe.

Wed Feb 10, 2016, 08:08 AM

Feb 2016

Meh.

Dh and I dipped into the AMT a bit more this year. It's all good. Taxes aren't a horrible thing- while they support some things I don't approve of, they support far more things I appreciate in this country.

I filed my state taxes already. Small refund coming our way.

My tax bill will likely increase for the next seven years or so as my kids head to college and we start to lose more deductions. We can't deduct much of their college expenses, and eventually we won't be able to claim even the kids. The mortgage interest we pay declines every year as our 15 year mortgage heads towards pay off.

Once one of us leaves the workforce, the tax picture will change again.

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16 replies

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So, how are you doing on your taxes? [View all] shenmue Feb 2016 OP

you need still waiting for forms on that list. hollysmom Feb 2016 #1

I fixey! shenmue Feb 2016 #3

and still trying to figure out Pakhet Feb 2016 #2

Decent refund bigwillq Feb 2016 #4

I'm getting frocked online and declaring myself a church pinboy3niner Feb 2016 #5

No refund, no owe either. Didn't make enough beyond SS to pay anything. hobbit709 Feb 2016 #6

working too long and hard handmade34 Feb 2016 #7

The 1099Bs should be here in a week or so. JustABozoOnThisBus Feb 2016 #8

Taxes? What the hell are taxes? KamaAina Feb 2016 #9

I usually get back slightly less than a paycheck. Iggo Feb 2016 #10

IRS cleaning my clock this year for sure..... lastlib Feb 2016 #11

Still working on them. mnhtnbb Feb 2016 #12

hubby & i make so little $$$ we don't have to file taxes. trueblue2007 Feb 2016 #13

I did them as soon as possible. IrishEyes Feb 2016 #14

Oh. Ow. We owe. MissB Feb 2016 #15

I will be putting a chunk of money into my IRA TexasBushwhacker Feb 2016 #16