Taxes–The Thrill of Victory, The Agony of Defeat ($101,980)

Since I started posting my net worth it’s gone up by about $7,000–decent?

Actual purpose of this post: back in the day, when I was a more responsible blogger/frequent poster, I mentioned the hit I took on taxes last year, and the hit I expected to take this year. Lo and behold I received my second W-2 yesterday, so I input both of them, so I’d know how much I’d need to start squirreling away over the next three months–I expected the damage to be about $3,000+. Survey TurboTax says… Under $2,000!

Paying at all is admittedly not exciting, but I suppose I’m glad I didn’t give the government a tax free loan all year? I did give such loans to two states, so I’ll be getting back around $600. Net damage under $1,500? I’ll take it. Heck, I have that in my bank account now.

Not all news is good news though. With all my debt paydown efforts, three 1098s (I think there’s one more out there) indicate I’ve paid $5,030 in interest this year. It’s good to know that this number will be smaller this year, as more and more of my payments go to principal each month (see here…), but it’s still a disheartening small number. But here’s the most disheartening part:

Screen Shot 2014-01-16 at 9.53.50 PM

So yeah…


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