Ellen (ennienyc) wrote,
Ellen
ennienyc

Happy Birthday To Me

Taxes are done and e-filed.

The good news: I qualify for the new 0% capital gains tax rate and basically just pay self-employment tax. After owing both the IRS and NYS money last year, I'm getting refunds from both.

The bad news: To qualify for that 0% tax rate, your income has to be low.

Even though the 0% rate will continue next year, I can't be sure I won't have more regular or investment income, so I'll go ahead and pay estimated tax and hope I get it back.
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