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Preliminary Income Tax Calculations
Jan. 21st, 2008 07:25 pmToday I did the hardest part of my taxes which was to find my receipt for my new AC that was installed a year ago and figure out how to get the tax credits. While doing that, I discovered that if the new doors we installed are Energy Star, and I can find the receipt, I can claim even more.
I can now enter all the big numbers for this year and pencil in estimates for the other numbers. It looks like I will be getting a refund of hundreds of dollars this year. I'm used to having to pay a little, but I guess catching up on two years of donations in one year plus getting the tax breaks on the AC plus still getting to deduct a portion of sales taxes all adds up. Nice.
The tax credits will go back into my housing upkeep budget. The extra part, hmm. Housing renovations? Or retirement? Or some of each?
I can now enter all the big numbers for this year and pencil in estimates for the other numbers. It looks like I will be getting a refund of hundreds of dollars this year. I'm used to having to pay a little, but I guess catching up on two years of donations in one year plus getting the tax breaks on the AC plus still getting to deduct a portion of sales taxes all adds up. Nice.
The tax credits will go back into my housing upkeep budget. The extra part, hmm. Housing renovations? Or retirement? Or some of each?