On,y if it isn't your primary residence. You could net you a profit of 250K without paying any taxes. Double that married.
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Took a lot of late 2014 income at the beginning of 2015, s the estimated taxes were off a good bit, and had a good year. I still have to do a final review and hopefully find a few more deductions, but it's pretty close right now.
The number I'm looking at having to send is super painful.
Paid 0 getting back 0 SS isn't enough for me to file anymore. Guess I should have planned better [dig]
I got a little back this year. Not much but its better than what I had to pay last year. But last year, I adjusted some deductions to get more money up front for some things so I knew the hit was coming.
Yes.
First time in my life I have had to send a check. Got a raise last year and it pushed me up to the next bracket... EEEK I didn't need that 5k I guess
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Our tax bracket went up this year with both of us getting promotions, but we also bought a house and got deductions from interest and origin point so we still got a little back.
Yup, both of us got promotions and salary increases. Will end up paying $~4000 or so the wife said.