Tuesday, February 12, 2019

Taxes


                   

I filed my income taxes early last week and I will be getting a $112 refund.   I am so incredibly excited that I don't owe any money!!

I looked back through my bank statements last year to see the amount of my tax refund.  Last year I received a $1,184 refund.  That's over a $1,000 drop from my tax refund last year.  The only reason I have received a refund over the last few years is because of my mortgage/home ownership. Previously, I was pretty much breaking even. 

However, due to the changes in the tax code, I took home an extra $2,400 last year.  That plus the $112 refund results in approximately $2,500 more take home pay for me!! That's approximately an extra $1,300 in take home pay (after subtracting out my $1,184 over payment) as compared to previous years. 

Happy Tuesday!!