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Personal Finance and Investing

mahatmakanejeeves

(64,409 posts)

3. There's one thing I don't have to worry about this year.

Reply to question everything (Original post)

Sat Apr 6, 2019, 03:28 PM

Apr 2019

I underwitheld state (Virginia) and federal for both tax years 2017 and 2018. Not intentionally; it just turned out that way. Tax year 2018 is full of surprises. I jacked up my withholding for both state and federal about midway through 2018. It still wasn't enough. A lot of funds declared capital gains distributions right around Christmas.

I owe a lot this year.

Thanks, though. It's something to think about. I think I come ahead with a standard deduction. I'll look at it again next week.

Full disclosure: I am not an accountant. You probably already figured that out.

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An Answer to a SALT-y Tax Problem You Didn't Know You Had [View all] question everything Apr 2019 OP

Did not think of this and thanks for bringing this up. Very interesting...take care...nt SWBTATTReg Apr 2019 #1

Don't forget to deduct all taxes deductible on state returns Cicada Apr 2019 #2

There's one thing I don't have to worry about this year. mahatmakanejeeves Apr 2019 #3

This is where the New Jersey Rage JustAnotherGen Apr 2019 #4