tag:blogger.com,1999:blog-112896668872151919.post5341396023263305045..comments2024-01-21T22:55:41.996-05:00Comments on The Good Life on a Budget: TaxingJvWhttp://www.blogger.com/profile/04257519601595394457noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-112896668872151919.post-51370748698250898182008-04-22T22:28:00.000-04:002008-04-22T22:28:00.000-04:00Glad it worked out for you! I am still learning ab...Glad it worked out for you! I am still learning about the payback (spent quite a bit of time on irs.gov today). As far as I understand, there is a penalty (amount unknown) and 0.5% interest on the unpaid balance.JvWhttps://www.blogger.com/profile/04257519601595394457noreply@blogger.comtag:blogger.com,1999:blog-112896668872151919.post-73479756687294631292008-04-22T20:34:00.000-04:002008-04-22T20:34:00.000-04:00That is definitely a bummer. We owed $1245 on fed...That is definitely a bummer. We owed $1245 on federal this year but we received $1100 from state. We "lucked" out. With my husbands large bonus this year, we both lowered our exemptions. I don't want to get stuck next year...<BR/>I didn't know you didn't have to pay the whole amount upfront? Do you have to pay interest on the payback?Sharonhttps://www.blogger.com/profile/13940623529019637336noreply@blogger.com