Monday, April 11, 2011

On Death and Taxes

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This year’s IRS filing deadline is fast approaching, although not as fast as some years. 

This year, April 16th,  (Emancipation Day in the District of Columbia) falls on a Saturday, so federal employees get the day before off.  That means that instead of April 15th, you have until Monday the 18th to get your return sent.

Old Ben Franklin is credited with saying “In this world nothing is certain but death and taxes.”

I’m pleased to report that this year we have avoided one of those certainties entirely and have already received a refund on the other!

Getting a tax refund is easy - Just grossly overpay your withholding all year long.

If that approach doesn’t appeal to you, there is at least one other alternative.  It seems that you can also – like we did – retire and watch your income drop back down to 1970s levels.  I don’t recommend that approach, but, for this year anyway, it worked for us.

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