Comments on: Weekly Roundup: Tax Lessons Learned http://frugaldad.com/2010/04/15/tax-lessons-learned/ Promotional Codes, Coupons & Deals + Money Saving Insights Sat, 26 May 2012 00:58:25 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Frugal Dad http://frugaldad.com/2010/04/15/tax-lessons-learned/#comment-40140 Frugal Dad Thu, 15 Apr 2010 17:46:48 +0000 http://frugaldad.com/?p=5214#comment-40140 I avoided the penalty only through the series of available exceptions (pay more in taxes than you did the previous year based on this year's rates, etc.). It's all very confusing, but I rely on TurboTax to guide me.. I avoided the penalty only through the series of available exceptions (pay more in taxes than you did the previous year based on this year’s rates, etc.). It’s all very confusing, but I rely on TurboTax to guide me..

]]> By: Money Reasons http://frugaldad.com/2010/04/15/tax-lessons-learned/#comment-40135 Money Reasons Thu, 15 Apr 2010 16:28:57 +0000 http://frugaldad.com/?p=5214#comment-40135 Thanks for identifying a potential tax snafu... Hopefully, you didn't run into any pentalties! Coming from a previous self employee life (for a few years, I was a software developer), I hated calculating self employment taxes. Afterall, it wasn't my forte (at least back then..., since then... I've learned a few things)! Thanks for identifying a potential tax snafu… Hopefully, you didn’t run into any pentalties! Coming from a previous self employee life (for a few years, I was a software developer), I hated calculating self employment taxes.

Afterall, it wasn’t my forte (at least back then…, since then… I’ve learned a few things)!

]]> By: rebmoti http://frugaldad.com/2010/04/15/tax-lessons-learned/#comment-40133 rebmoti Thu, 15 Apr 2010 15:30:03 +0000 http://frugaldad.com/?p=5214#comment-40133 We got slammed by the real estate downturn when I had to change jobs so I'm not in a big hurry to buy another house - not that I could afford to do so anyway. In my case I'm older but have significant graduate school debt as well as some cc debt that we're now really trying to get out from under. At our current rates of repayment the cc debt will be paid off in early '12. At that point I'm probably going to start putting most of the snowball into savings. We have no retirement savings, no college fund, and a very modest emergency fund - we can't even afford to get our kids braces at this point - and getting those things started is a higher priority than pre-paying down the student debt. Or, for that matter, buying a house. We got slammed by the real estate downturn when I had to change jobs so I’m not in a big hurry to buy another house – not that I could afford to do so anyway. In my case I’m older but have significant graduate school debt as well as some cc debt that we’re now really trying to get out from under. At our current rates of repayment the cc debt will be paid off in early ’12. At that point I’m probably going to start putting most of the snowball into savings. We have no retirement savings, no college fund, and a very modest emergency fund – we can’t even afford to get our kids braces at this point – and getting those things started is a higher priority than pre-paying down the student debt. Or, for that matter, buying a house.

]]>