What are you going to do with your tax return money?

[Buehler445]

Originally Posted by Frosty

I have a side business that is highly variable on whether I get income or not. I can make anywhere from nothing (like last year) to $7-8,000. Since I don't know if I am going to be finding any work or not (engineering consulting), I maxed out my withholdings to cover the unplanned income. It can mean large returns but it also prevents any unpleasant surprises come tax season.

Be sure you keep track of expenses. If you don't make anything, be sure to keep track of expenses and carry over the loss.

[Frosty]

Originally Posted by Buehler445

Be sure you keep track of expenses. If you don't make anything, be sure to keep track of expenses and carry over the loss.

Yeah, I actually had a $75 loss this year.