Tax time! Paying or over paid
I'm doing my taxes. I bought a house in 2004, had a kid and all that great stuff that's supposed to make you adjusted income go down. Because I bought late in 2004 I'm still using the standard deduction.
But still I over paid. I'm planning on using the money to get cheap motorcycle or scooter of some kind to get around town.
So? Paying or over paid?
But still I over paid. I'm planning on using the money to get cheap motorcycle or scooter of some kind to get around town.
So? Paying or over paid?
Comments
Originally posted by Scott
I'm doing my taxes. I bought a house in 2004, had a kid and all that great stuff that's supposed to make you adjusted income go down. Because I bought late in 2004 I'm still using the standard deduction.
But still I over paid. I'm planning on using the money to get cheap motorcycle or scooter of some kind to get around town.
So? Paying or over paid?
because i was doing freelance work (australian financial year is july 2004 to june 2005), taxes must be filed by october i had my taxes withheld by the multimedia agency i was contracting through... i was getting like $40+/hour, so my weekly billings were had tax witheld of up to 45% - i kid you not....
anyway since this year i have been a bit of a bum and not working, now living with my parents... so if my calculations are right, the aussie government will deposit a nice amount of $2000 or so which is my refund due...!!
i need it to pay off about $5000 i owe in credit card debt \ which my parents are helping me slowly pay off
Originally posted by ipodandimac
i make too much money between my own business, stocks, and regular work. fortunately i could depreciate my G5 so i didn't have to pay much.
dude what is your depreciation rate your using on the G5? for mine i am limited by the good folks at the australian tax office
something like 20% per year max on computer equipment
for business use though in australia you don't pay sales tax on business equipment
good to hear you're financially sound
Originally posted by Scott
....had a kid and all that great stuff that's supposed to make you adjusted income go down. ....
i hope that's not the only reason you had a kid
Originally posted by sunilraman
dude what is your depreciation rate your using on the G5? for mine i am limited by the good folks at the australian tax office
48% for the first year where I live
Originally posted by Omega
48% for the first year where I live
g'damn it *shakes fist* you b*st*rd!!!!111!!!
if i had depreciated my g5 in the first year by 48% i'll be so so so clearly asking for an audit.... *continues shaking fist*