Yay tax time

I've been doing my taxes on TurboTax online the past couple of days. I'm doing this now in order to show my annual income is greater than my salary at LU in hopes of qualifying for a bigger home loan.

Things were going pretty well. After adding the business expenses there was a quite large return for me (less than 4 digits, but still quite large). Woo hoo. I won't say I was elated but very pleased to see that the number looming in the upper left corner of the screen had grown so big.

Then I did the state tax part. Ouch. Apparently I only paid half of what I should've paid on my extra income. My seemingly large federal return has lost some of it's glory now that I know at maybe a third of it will go to pay my state taxes. To add insult to injury Virginia isn't satisfied with revenue from sales tax in the state. They decided that their citizens should pay taxes to VA for things purchased online from other states that don't charge sales tax online. They may even want us to pay sales tax on things purchased in states where there are no sales taxes... I wonder how that works when I buy clothes or food in PA where those things aren't taxed. I promised myself last year that I'd be good and pay up this year. By the time pay 5% on what I bought online from other states and the amount I owe them my big fat federal refund may be cut in half.

I guess the bright side is that I didn't owe on both the state and federal levels. This is the first year in several that I'm in the black. Also, the Federal return has been E-filed so that's done (I'll save state for later).

I'm just bummed because I was feeling good and then state taxes punched me in the stomach. The jerks.