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Life After Brown
Who Noticed A Tax Break?
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<blockquote data-quote="scratch" data-source="post: 4001176" data-attributes="member: 1674"><p>I finally filed my taxes last week, it seems that has become a chore that I really hate to do the last few years. I usually work about 45 hours a week, and the last two years my gross income was $93K before I put 20% in my 401K.</p><p></p><p>In 2017 I paid $835 into Federal and I got a Georgia State refund of $259, so I was $576 in the hole between them. My county property taxes were $1600 a year for a one acre lot with a 1600 square feet house fifteen miles out in the suburbs. For 2018, I paid $510 Federal, State Refund is $459 (which I got back in five days), and my county taxes are $1100. Between the Feds and State, I owe $51. So I am about where I want to be. One of the advantages I see in moving to Florida in retirement is no state taxes, although the local taxes will be higher.</p></blockquote><p></p>
[QUOTE="scratch, post: 4001176, member: 1674"] I finally filed my taxes last week, it seems that has become a chore that I really hate to do the last few years. I usually work about 45 hours a week, and the last two years my gross income was $93K before I put 20% in my 401K. In 2017 I paid $835 into Federal and I got a Georgia State refund of $259, so I was $576 in the hole between them. My county property taxes were $1600 a year for a one acre lot with a 1600 square feet house fifteen miles out in the suburbs. For 2018, I paid $510 Federal, State Refund is $459 (which I got back in five days), and my county taxes are $1100. Between the Feds and State, I owe $51. So I am about where I want to be. One of the advantages I see in moving to Florida in retirement is no state taxes, although the local taxes will be higher. [/QUOTE]
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Who Noticed A Tax Break?
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