
I just finished doing our taxes with TURBOTAX DELUXE (including New York State taxes). You would think that doing taxes with just four sources of income–Diane’s pension and Social Security, my pension and Social Security–whipping through the Income and Deductions (we don’t have any that count with Trump’s new tax structure) would be a breeze. Nope. There’s still the Audit Risk Meter to contend with. Fortunately, we’re at Low Risk of an Audit based on our tax return.
The last few years we’ve had to pay both New York State and the Feds because we were estimating withholding from my pension and Social Security (I just started collecting it in the Summer of 2019) while phasing out Spousal Benefits. And our estimated withholding needed to be tweaked. Now, we’re getting pretty close to breaking even. We owe New York State ZERO! We owe the Feds a small amount. That’s about as good as it gets. With Trump’s tax strategy of forcing most people to take the Standard Deduction, our years of getting refunds are a thing of the Past. Have you done your taxes? Are you happy or sad?










