2006 Taxes and 2007 Donations

My taxes are all done for 2006 and are being filed electronically as I write this. I predicted owing about $3,000, and as it turns out, the situation was a little better than that.

I owe $2,693 in federal taxes (and a $65 penalty for withholding too little throughout the year). That comes to a total of $2,760 or $240 less than I thought I would owe. Furthermore, I am getting a refund of $325 from the state of Maryland, which, of course I will contribute to the payment of my federal taxes. This brings my tax bill for 2006 to a grand total of $2,435, or $565 less than what I had budgeted.

Seeing as how the money was already budgeted, the $565 that I am saving on taxes is going toward my 2007 charitable contributions. I was getting ready to send a check to the annual Isaac Asimov Memorial Debate fund at the Hayden Planetarium. I normally send $250 each year, but I was lax last year. Therefore, I am contributing the full $565 to the fund this year. As this money was not in my donations budget, it means bigger donations for those remaining places to which I donate because I have some extra money to spread among them.

Incidentally, my new tax prepared workout out just great!

Published by Jamie Todd Rubin

Jamie Todd Rubin writes fiction and nonfiction for a variety of publications including Analog, Clarkesworld, The Daily Beast, 99U, Daily Science Fiction, Lightspeed, InterGalactic Medicine Show, and several anthologies. He was featured in Lifehacker’s How I Work series. He has been blogging since 2005. By day, he manages software projects and occasionally writes code. He lives in Falls Church, Virginia with his wife and three children. Find him on Twitter at @jamietr.

%d bloggers like this: