My Last Year of Paying Federal Income Tax

I’ve taken a post-anniversary break, spending my time with family and friends in my ol’ hometown. I got back home and those last couple of forms I needed were in my inbox, so I finished up my tax returns. Here’s the damage:

As I’ve mentioned before, I failed to reach my target of zero taxes to the feds . I got back 83% of what was withheld and ended up contributing $932 to Washington last year in income tax.

I hadn’t been paying much attention to my state tax situation, and so I didn’t have a very good idea until today of how I’d do there. A little better as it turns out — I get about 91% back.

Like most Americans, I paid more in the payroll tax than in federal income tax. In my case, almost five times as much.

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