Comments on: Income Taxes: Done and Over With http://www.consumerismcommentary.com/income-taxes-done-and-over-with/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jonathan http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-90334 Jonathan Fri, 30 Mar 2007 07:04:02 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-90334 I'm jealous! I haven't even gotten around to filing my extension yet. I’m jealous!

I haven’t even gotten around to filing my extension yet.

]]> By: Zachary http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-90257 Zachary Wed, 28 Mar 2007 21:09:01 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-90257 I got my taxes done really early this year. Much better than scrambling to do them last-minute! I got my taxes done really early this year. Much better than scrambling to do them last-minute!

]]> By: klerg http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-89929 klerg Mon, 26 Mar 2007 12:22:49 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-89929 Sorry to keep asking questions... I live in NJ too. Do you know of an online calculator for estimated state taxes? Or did you automatically just pay 1/3 of what you paid the feds to the state? Sorry to keep asking questions…

I live in NJ too. Do you know of an online calculator for estimated state taxes? Or did you automatically just pay 1/3 of what you paid the feds to the state?

]]> By: Flexo http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-89888 Flexo Mon, 26 Mar 2007 03:17:03 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-89888 NCN: Thanks! NCN: Thanks!

]]> By: NCN http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-89874 NCN Mon, 26 Mar 2007 00:31:29 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-89874 Hey Flex, Just wanted to comment on the site re-design. It looks great! NCN Hey Flex,
Just wanted to comment on the site re-design. It looks great!
NCN

]]> By: klerg http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-89853 klerg Sun, 25 Mar 2007 18:20:32 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-89853 Excellent! Thanh VERY much for your help! Excellent! Thanh VERY much for your help!

]]> By: Flexo http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-89852 Flexo Sun, 25 Mar 2007 18:15:54 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-89852 That's right. When you make the SEP contribution, as long as you make it as your employer (your brokerage should let you choose to invest as the employer or as the employee) it does not count towards your Traditional/Roth IRA maximum. (I am not a financial advisor, and I only know this because I went through the process myself this year and a year ago.) That’s right. When you make the SEP contribution, as long as you make it as your employer (your brokerage should let you choose to invest as the employer or as the employee) it does not count towards your Traditional/Roth IRA maximum.

(I am not a financial advisor, and I only know this because I went through the process myself this year and a year ago.)

]]> By: klerg http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-89851 klerg Sun, 25 Mar 2007 18:13:35 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-89851 The calculator helps a ton! thanx much! Just so I'm clear, I can max out my Roth for 2007 ($4000) and still put moolah in the SEP? thanx again for your help! The calculator helps a ton! thanx much!

Just so I’m clear, I can max out my Roth for 2007 ($4000) and still put moolah in the SEP?

thanx again for your help!

]]> By: Flexo http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-89850 Flexo Sun, 25 Mar 2007 17:56:30 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-89850 Klerg: 25% of your income from your Schedule C can be invested in your SEP IRA up to $44,000 for 2006, above and beyond your regular (Traditional/Roth) IRA limits. <a href="http://personal.fidelity.com/products/retirement/getstart/newacc/sepiracalc.shtml.cvsr" rel="nofollow">Here's the handy calculator</a> I use. Klerg: 25% of your income from your Schedule C can be invested in your SEP IRA up to $44,000 for 2006, above and beyond your regular (Traditional/Roth) IRA limits.

Here’s the handy calculator I use.

]]> By: klerg http://www.consumerismcommentary.com/income-taxes-done-and-over-with/comment-page-1/#comment-89849 klerg Sun, 25 Mar 2007 17:34:46 +0000 http://www.consumerismcommentary.com/2007/03/25/income-taxes-done-and-over-with/#comment-89849 Hey Flexo. Just curious RE: your SEP-IRA: I've got a VERY small amount of side income that I'm claiming on a Schedule C for 2007 (maybe $3000). How much can I put in the SEP? 15% of what I claim on a Schedule C can go into it? Or can the full wack go in? Hey Flexo. Just curious RE: your SEP-IRA:

I’ve got a VERY small amount of side income that I’m claiming on a Schedule C for 2007 (maybe $3000). How much can I put in the SEP? 15% of what I claim on a Schedule C can go into it? Or can the full wack go in?

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