I spent a bit more time today finishing up my taxes, and had a frustrating realization. Apparently before I accounted for my pitiful amount of bank interest, I was in a lower category. But thanks to rounding in the tax tables, adding in $6.11 of interest from my checking account resulted in an additional $5 of tax. As if that 2% wasn't already pathetically small, the government gets most of it! Oh, well.
I was pleasantly surprised by a few tax credits I didn't know I would be getting. Apparently, thanks to the fact that only 3 months of my annual salary were taxed, I qualified to get a credit for a portion of my IRA contributions. And also, I'm apparently being refunded some amount from the phone company billing excise taxes or something for the past three years. More money! I better enjoy it while it lasts, since the new Congress plans on raising taxes on the rich, and I'm probably one of a large group of people that never knew they were rich until Congress told them.
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