Symmetry

[msmemory_archive]

We are getting just under $300 back from the Feds. We owe just over $300 to the State. It's lovely when it works gracefully like that.

Comments

[cvirtue.livejournal.com]

We're getting a whopping refund from the Feds, which is probably due to job-switch oddities, too much withheld, etc.

We don't like loaning money to them that we don't have to, but, well, couldn't do much about it.

[msmemory.livejournal.com]

I'm a little overwithheld for the Federal, to make up for the trickle of freelance income. The state doesn't let me pad my withholding, so the taxes on the freelance come all at once.

[patsmor.livejournal.com]

Since I'll have whopping great refunds for the next 2 years, due to losing way too much money when Lucent went under a $1, I'm embarrassed to say how much it is. However, managing to figure out the California deductions (which is supposedly a flat rate but for some reason it never works that way, so I added $50 per paycheck in as extra payment) and get a refund is something of a miracle.

Of course, this year I actually have a dependent. Since Jen was under 25, full-time student, lived with me, was supported by me, she met the criteria. WHich is probably what upped the refunds above what I expected.

Having Jen as a dependent is kinda ironic and amusing. Her father, back in 1984, insisted that he be listed as having the deduction. The IRS advice I got (from the IRS) was that in actuality, the parent who supplied a greater percentage of that parent's income and with whom the child lived more days (keep that calendar accurate) was actually the person eligible for the deduction, and the other parent would have to prove it.

However, somewhere in the mid-80's they changed the IRS code so that if you had a written divorce agreement, that person got the deduction. So Jen's Dad got the deduction from the time she was 3-18, even when she lived with us in California all year round. (Who wants to fight that kind of cross-jurisdictional fight? Cost more than the deduction....)

And, now that she's 23-24, I got two whole years! Whee!