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Wednesday, March 1, 2023

INCOME TAX...BAH

 


          According to the King County Assessor’s Office, if you make less than $58,423 per year, you are considered low-income and can file for an adjustment to your property tax bill. According to Seattle Humane, if you make less than $66,750 per year, you are considered low-income and can receive assistance with pet neutering and spaying.

          Apparently, the US Government doesn’t see income below those figures as being low-income. I just finished my 2022 income taxes and had to pay. Not only that, but the “free” IRS e-file program wasn’t free…it was $55.50.

          My adjusted gross income wasn’t even $45,000 for the year and once they gave me the standard deduction, the figure was less than $30,000; and it was that amount on which I had to pay taxes. I guess I should take a look at my social security and begin paying taxes on the monthly benefit I receive.

          I actually thought I would reach a point in my life where I wouldn’t have to pay income tax, especially once I retired and wasn’t making those big bucks.  I guess I thought wrong.

1 comment:

  1. Just had my taxes done, had a,lot of credits that lowered my taxes didn't have to pay anything will get a,refund. Since I'm still working and I up my 401k the credit for that helped not having to pay taxes

    ReplyDelete