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Originally Posted by Matt Let's say you make $100,000 this year. If you pay $5,000 in taxes on the Z, then you'll pay taxes on $95,000 of your income in

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Old 11-24-2009, 06:28 AM   #1 (permalink)
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Let's say you make $100,000 this year. If you pay $5,000 in taxes on the Z, then you'll pay taxes on $95,000 of your income in 2010. It's a write-off or "deduction" not a true credit.

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Thanks, Matt.

It's like putting money in an IRA (almost).
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Old 11-24-2009, 06:30 AM   #2 (permalink)
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Thanks, Matt.

It's like putting money in an IRA (almost).
Which reminds me. I really have to max mine out before I do my taxes. I forget and then I'm too lazy to amend my return.
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Old 11-24-2009, 06:32 AM   #3 (permalink)
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Which reminds me. I really have to max mine out before I do my taxes. I forget and then I'm too lazy to amend my return.
You can add the money right up to April 15 2010
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Old 11-24-2009, 06:33 AM   #4 (permalink)
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You can add the money right up to April 15 2010
I do my taxes in Feb and never feel like amending, so I usually just spend my extra money irresponsibly on things like a 370z or something....
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