Well, fuck

[susandennis]

I just plugged in all the info I have for taxes. I'm missing a chunk but I don't think what I'm missing is going to make the picture better. In fact, it's probably going to be worse. Turbo Tax says I owe $14,000 in taxes. Fourteen thousand!

Oh and a $2 penalty for not paying enough in estimated taxes.

ugh.

Comments

[bibliogirl]

Ouch. Make Biggie and Julio get jobs? :(

[susandennis]

What a great idea!

[bibliogirl]

(To be fair, you might be able to hire them out to make the $2. The $14k, maybe not so much)

[fbhjr]

Check your TurboTax as mine is giving me $0 as standard deduction. So, it says I owe a lot.
But, I don’t think the standard deduction has gone away. At least not that I can tell using google…

[susandennis]

I plan to click on that 'do my taxes for me' button once I get all my data in and hopefully an expert will be able to shave a good bit off that huge number. Fingers crossed!

[jss]

The standard deduction remains: For 2023, it's $13,850 for single filers and those married filing separately, $27,700 for those married filing jointly, and $20,800 for heads of household.

Edited to add: For taxpayers who are 65 and older or blind there's an additional deduction of $1,850 for single or heads of household and $1,500 for married taxpayers or qualifying surviving spouses. See the IRS page for more.

[fbhjr]

Yeah, that’s what I’m finding on Google as well. I have to figure out why TurboTax is saying 0. Not the first bug I’ve found in their program…

[zoefruitcake]

Eeek, that sounds alarming

[siglinde999]

That’s rough! While you’re feeling grumpy about money, is this the right time to ask for news about Steve The Lawyer?

[rsc]

Oh and a $2 penalty for not paying enough in estimated taxes.

That's the part that really stings.