Shit! Taxes SUCK

[shipperx]

Yeah, so I got a nice little raise last year when I changed jobs... except turns out I have a shitload more taxes too. I have never paid this much in taxes (and honestly, I can't imagine that I changed tax brackets. It wasn't THAT nice of a raise.) Have taxes simply gone up 3-4%?!

Comments

[spikewriter]

I think they had -- I ended up with a smaller refund than I had expected and while I did get a raise when I came on board full time, I also had more deduction.

[shipperx.livejournal.com]

That's one of the things about being single. I just don't have any deductions to speak of. Just my property tax and the standard deduction.

Also, because of the job turn over, I didn't even have a 401K this year because you have to work a year to buy in and if you invest in your IRA during the meantime you can't roll that IRA over into your next 401K. I checked out investing in another IRA but it really wasn't going to help the taxes much.

Just sucked that a huge chunk of my raise just got handed over to the government.

[rahirah]

Do you do them yourself, or have an accountant? Kathy shelled out for an accountant for the first time this year, and it made a HUGE difference, well worth the expense.

[cy-girl.livejournal.com]

In Tennessee this year and maybe next, we get a personal deduction for state sales tax. It helped a little. Maybe Alabama has a similar deduction?