Thursday, February 6, 2014

February 6, 2014



After the death of my wife, I had many things to attend to like changing beneficiaries, resetting bank accounts, answering estate problems, increasing life insurance and doing taxes with a deceased spouse entry. That and cleaning and storing stuff. I was pretty organized except for one thing: I forgot to change my W-4. Now I owe about 5K. I paid about 4K last year but that was with Social Security not having withholding. By the way, what a double tax. It is taxable on the Fed at 85% of what you receive.

 I changed my W-4 and now my pay will go down, better that than a big bill next April.

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