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Monday, March 7, 2011

Thank God for Babies and Business Deductions

The sweat is over. Our accountant finished our taxes today and we don't owe any money. Actually, we are getting a tiny bit back.

I was really sweating it this year. Since we really didn't have mortgage interest to deduct and I raised my withholds to 9, I thought for sure we were going to owe. In the end however, we just about broke even.

Our accountant ran some different scenarios for us of what would have happened if we didn't have our new daughter to deduct or if it wasn't for the losses we took on our business last year. We would have owed if we didn't have either of those options.

So, I basically sweated the small stuff for nothing, but if wasn't for the beautiful little lady in our lives we would have owed a couple thousand dollars. In the end fear is worthless.

Worry is being afraid of something that hasn't happened yet and if it hasn't happened, it isn't worth your time worrying about it.

(photo via Only Positive News)

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