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Take That, Washington!

March 15th, 2013 at 08:34 pm

Well, at least this year living in Dubai worked out. I just finished my taxes, and I owe a whopping ZERO dollars.

Plus, I'm getting a refund. I usually don't take my refund, and leave it in for next year's taxes, so this year, the tax package I used didn't give me that option hence the fact my last year's "leave it in" option is now this year's "get it back" requirement.

I realize that leaving my "refund" with the IRS means the government gets my money tax-free, but they need it worse than I do, and I prefer to have a bit more buffer at tax time than most people. Besides, it's their money anyway. Just ask them.

Next year, I'm going to have to pay quite a bit in quarterly payments, which is a bit daunting for me. The way my pay is structured worked out for me this year. Next year (2013 taxes) is going to hit very hard. I hope they don't make too many changes at the last minute (sequester and end-of-year changes like 2012, anyone?) since the quarterly estimates are going to be hard enough to figure out without last minute changes.

2 Responses to “Take That, Washington!”

  1. creditcardfree Says:

    That refund will help with those unexpected trip expenses.

  2. Jerry Says:

    It has been a rare year when I have owed taxes in the Spring, but I think that is because I am gun-shy. When I was a kid, my dad had one year when a significant error (by my mom) would lead them to owe the IRS thousands of dollars, and he had to work a part time job for almost two years to pay it off. It definitely affected me, and I always want to make sure I have some insurance that I do NOT owe the Fed anything. Ugh.
    Jerry

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