Taxes question

Ashcan Bill · 02-24-2010, 05:58 PM

A lot of it also depends on how stable your income is. If you have wide swings, it's a little harder to gauge.

Last year we paid a substantial amount. I had a large capital gain in '08 that was unexpected, and had to cough up some money.

Then my wife and I both took early retirement offers, and our income for '09 dropped considerably. As a result, we have a good refund coming this year.

So for two years, I blew what I had estimated our liability to be.

Hopefully this year I can hit it closer so I don't have either a big payment or a big refund due. But the wife is making noise about going back to work, so who knows?

02-24-2010, 05:58 PM	#13
Ashcan Bill Ol' Dude Join Date: Oct 2008 First Name: Bill Location: Henderson, NV Posts: 1,902 Trading: (6)	Re: Taxes question A lot of it also depends on how stable your income is. If you have wide swings, it's a little harder to gauge. Last year we paid a substantial amount. I had a large capital gain in '08 that was unexpected, and had to cough up some money. Then my wife and I both took early retirement offers, and our income for '09 dropped considerably. As a result, we have a good refund coming this year. So for two years, I blew what I had estimated our liability to be. Hopefully this year I can hit it closer so I don't have either a big payment or a big refund due. But the wife is making noise about going back to work, so who knows?