I bought my long arm machine a few months ago with the thought that I would be able to pay it off with my bonus and/or tax refund and not have to take money out of savings. The tax refund didn't work out because for SOME REASON I owe almost as much in state taxes as I will be getting back in federal! I changed my withholding last year because I had to pay... I need to go to HR about that.
I had no idea what the bonus would be this year with the economy and being in a mortgage related business. Didn't get one the last two years but, the company said there would be one. Well, I got the bonus and it was 5-figures! Of course, half of that goes to taxes but I can still pay off the 0% interest for 6 months credit card that I put the machine on. :D Now I can rest easy about it and not have that hanging over my head. |
Way awesome! Lucky you for the blessing!
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Beautiful things happen to beautiful people.
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Sounds like you were a smart lady! I envy you getting a LA....I hope to do that some day. Happy it all worked out for you and congrats on your nice bonus!
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I am very thankful for the bonus, and having a job. I got a small raise too. I just hope to stay with the company for 8+ more years and take the early retirement at age 55. I've been with the company for almost 17 years now.
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Someone is watching over you. I'm so glad it worked out well for you. :-D
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Congratulations on your bonus--you must be doing a really good job. Now you can enjoy your new toy even more!!
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Originally Posted by pittsburgpam
I bought my long arm machine a few months ago with the thought that I would be able to pay it off with my bonus and/or tax refund and not have to take money out of savings. The tax refund didn't work out because for SOME REASON I owe almost as much in state taxes as I will be getting back in federal! I changed my withholding last year because I had to pay... I need to go to HR about that.
I had no idea what the bonus would be this year with the economy and being in a mortgage related business. Didn't get one the last two years but, the company said there would be one. Well, I got the bonus and it was 5-figures! Of course, half of that goes to taxes but I can still pay off the 0% interest for 6 months credit card that I put the machine on. :D Now I can rest easy about it and not have that hanging over my head. I won't use H&R block, I pay an accountant to handle my returns. I have never had a problem since I started this practice eons ago. |
Not H&R Block... I meant the HR department at work. :) I changed my withholding last year because I ended up having to pay so I expected to get a refund.
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Ah, least those guys didn't mess ya up..:)
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Wonderful news.
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I am so glad for you. I live in Calif too and the state decided a few years back to not take as much out of our checks for taxes as they did in the past. This is supposed to stimulate the economy because we spend it instead of using it to pay off bills like we do when we get a huge chunk back. I know a lot of people that have owed the state in the last two years.
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I didn't know that about CA taxes. When I saw how much I owed I thought... how can that be? I looked it up and they withheld less than they did the previous year.
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Congratulations! That has to feel great.
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SWEEET!!! Same as cash and it's ALLLLL yours :) Congrats.
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Originally Posted by pittsburgpam
I am very thankful for the bonus, and having a job. I got a small raise too. I just hope to stay with the company for 8+ more years and take the early retirement at age 55. I've been with the company for almost 17 years now.
oh you baby.....all the time you have to enjoy your new toy....good luck..mj |
Lucky you, it will be nice to have your machine and not have an outstanding debt
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That is wonderful. You earned it, now you get to enjoy the fruits of your labor. (Clapping!) We are in CA too. Dual income, no kids, need I say more?
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That is awesome news :D:D:D
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Is there a picture with you and your longarm? I have a Tin Lizzie 18LS. What's yours?
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There are YUPpies and DINKS so I guess that makes me a SINK!! :P
Yep, lots of CA taxes and expensive cost of living too. |
No, I don't have a picture of me and the long arm. I have a Queen Quilter 18.
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Congratulations! Pam. "Oh Happy Day"! :thumbup:
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That is really neat. we owe last years taxes a whopping $1300. but because I am disabled now with back injury from feb of last year we cant pay it. I am very happy for you. what a relief. yea for you. Penny
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That's wonderful Pam! You earned it, you deserve it - now enjoy it!
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Good to hear you got your bonus. And a raise, too! That's awesome. :thumbup:
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Pam, that's great news. After not having a bonus for a couple of years, this has to be sweeter than ever. Go enjoy your LA machine! :D
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Good for you !!!
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