Doing my 2020 taxes
Posted: Mon Feb 15, 2021 6:00 pm
Have them submitted but not yet approved. Thought it best to get a head start since I had not done any preliminary estimates. I went from owing money last year to a refund this year. Very modest refund but none the less better then having to pay in.
I also figured that maybe just maybe if you get more funds being given out that they would send it to my bank like they did the first time..... last time I had to wait for a check to come in the mail.
So how did I mange this refund? Mostly due to my investments not do so well. Down a whooping 22%. At least I didn't have to pay as much in taxes but the off set is not very close to making it worth while. No sign that things will be better this coming year, in fact signs are that they will be much worse. I normally get 10 to 12 percent of my income from investments. This past year it was less then 8% and it could well be below 5% this coming year. Getting closer to start stuffing the mattress or just spending it on tools........
BTW it isn't all that bad, we are talking thousands of dollars not 10's of thousands. No reason to panic my money should out live me.
Ed
I also figured that maybe just maybe if you get more funds being given out that they would send it to my bank like they did the first time..... last time I had to wait for a check to come in the mail.
So how did I mange this refund? Mostly due to my investments not do so well. Down a whooping 22%. At least I didn't have to pay as much in taxes but the off set is not very close to making it worth while. No sign that things will be better this coming year, in fact signs are that they will be much worse. I normally get 10 to 12 percent of my income from investments. This past year it was less then 8% and it could well be below 5% this coming year. Getting closer to start stuffing the mattress or just spending it on tools........
BTW it isn't all that bad, we are talking thousands of dollars not 10's of thousands. No reason to panic my money should out live me.
Ed