I've calculated our taxes. Next step is for
cattitude to look them over (years he does them, I proofread), and then transfer the numbers to the actual printed forms.
The odd thing is, both the feds and the state seem to owe us money. This surprised me last year, and surprises me again--every other year that I've lived in NY, whether or not I got a refund from the federal government, I owed the state money. I have two hypotheses: one is that the state improved its withholding tables in the last couple of years. The other is that the bug in the state withholding rules is counterbalanced by a bug that doesn't account well for people who are unemployed part of the year, especially if they aren't getting unemployment insurance.
Comments from other New York residents are solicited.
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The odd thing is, both the feds and the state seem to owe us money. This surprised me last year, and surprises me again--every other year that I've lived in NY, whether or not I got a refund from the federal government, I owed the state money. I have two hypotheses: one is that the state improved its withholding tables in the last couple of years. The other is that the bug in the state withholding rules is counterbalanced by a bug that doesn't account well for people who are unemployed part of the year, especially if they aren't getting unemployment insurance.
Comments from other New York residents are solicited.