Man, I just put all my estimated earnings and tax paid etc into a calculator and I’m depressed once again at the removal of the LMITO. I hate that I’m probably going to have such a 2.5-3k tax bill at the end despite working part time :( I’m so used to having tax returned and July being a bit of a splurge month.
Why the hell is my employer withholding so little tax?! Ugh. I know it’s better to have the money up front and earn interest (which also gets taxed…) but psychologically it effing sucks.
Next time I might start having a separate “tax” account to save the money into, like it’s an annual bill.
Man, I just put all my estimated earnings and tax paid etc into a calculator and I’m depressed once again at the removal of the LMITO. I hate that I’m probably going to have such a 2.5-3k tax bill at the end despite working part time :( I’m so used to having tax returned and July being a bit of a splurge month.
Why the hell is my employer withholding so little tax?! Ugh. I know it’s better to have the money up front and earn interest (which also gets taxed…) but psychologically it effing sucks.
Next time I might start having a separate “tax” account to save the money into, like it’s an annual bill.