Last year (2012) I changed my filing status because I am trying really hard to come out without owing taxes and not getting a refund.
The reason I don’t want to get a refund is because I won’t get to keep it. It will go to the trustee. I wouldn’t mind if it would be used to pay down what I am paying back in the BK, but it will not!
What the trustee does with tax refunds for the next 5 years is pay more back than what is agreed to in the plan. That’s really okay too! However, if I can come out even wouldn’t it be better?
That is what I am trying to do, but last year was weird. I had this FSA issue, and I have no idea what that is going to do to my taxes, I had my filing status changed and as you know, the fiscal cliff changed all the tax tables!
My take home dropped by $400.00 a month today when I changed back to single! GULP!
I had to do some other fancy foot work and now I am
only down about $150.00 a month take home.
I still have no idea what my tax situation is. How do you come out at the line? It shouldn’t be so hard to figure it out!! As long as I don’t owe, the trustee can have it!
So I went for a….
and I listened to…
And I think I can handle whatever!
It’s possible it will all work out!