I rec'd a phone call from the accountant last night that we cannot claim our second daughter even though she lived with us and went to school all last year. We helped her in school (borrowed thousands in parent plus loans) paid out thousands for licensing exams. I paid her at least $6000.00 in income out of the studio which I did not make her claim. We also have a $3500.00 tax credit for school for her. Well we lost her deduction, we lost the tax credit. She turned 24 at the end of the year and made over $8000.00 the last 6 weeks of last year. So the combination of the two is she made too much money and turned 24. This is very bad for us. She paid in about $950.00 to the Federal government but she gets back over $3000.00 because of the college tax credit, she did not pay for. I am so upset. I don't care if I don't get any money back. I just do not want to owe. Accountant can't do anything a law is a law. But this could really change things for her as far as insurance goes. Can she still be on our insurance as a dependent when we did not claim her on our taxes?
I am checking with the insurance company today. I also called and talked to her about the taxes and she was upset. She said she does not understand how she has worked so hard, passed these tests, gotten a good paying job and she is still costing us thousands of dollars. So she is giving us the $2000.00 tax credit, which I think is fair. She is also paying off a $1300.00 bill she owes for a test she took. The bill is in our name.
So sad news is that we will not get a big tax refund. But I have a good kid!
Happy Birthday Carla! I cannot post on her Blog at all. I have tried contacting her numerous ways and it all comes back with an error. So here is my Valentine, Birthday wish to you, Have a Hap, Hap, Happy Birthday!
Okay so last night I started to empty the linen closet and I ran out of steam. Here is the picture of my mountain oh junk. We could not get into the spare bath yesterday!
Second shelf: Table cloths, Holiday napkins and table cloths. These two are at my eye level and higher.
King Size sheet sets and pillow cases.
Below: Queen Set and standard pillow cases.
Below 2 air pump Queen beds for guests.
Middle bag to High School Drama closet.
Now What I discovered in the closet. Old curtains I will never use. Sets of double sheets, when we have not had a double bed in this house in 7 years. How did those escape me? Mismatched sheets for queen and king. Where we had a bottom tear or a top get a bad blood stain. Hubby went through a period of bad nose bleeds last year. What a mess, no matter what I did I could not get many of the things clean and I am known for my stain removal powers. Blankets I hated the feel of so I would not use. Old duvet covers that were worn and stained.
Now I have an extra set of Queen sheets downstairs for the spare bed. The king bed has 3 sets, but we are short at least 2 sets of queen sheets. The kids both have Queen beds so I am sure this is the reason. I like to have at least 2 changes because people gets sick. Remember my Mother? I went through every set of sheets in the house in a matter of hours. Also if we have company we will need to have sets for the blow up mattresses. So when I am out and about I will look at Ross or Macy's or TJ maxx and get a good deal.
I feel so clean and free of junk!
I was thinking about Little Lamb's response to my response to Judy (are you following?) last night when I was teaching and the accountant had just dropped the bomb. Well was I going to change things? No. Was I okay? Yes. Could I still enjoy my students and get something done? Yes. It all worked out. Not the way I had planned but in the end it will be fine. It will mean that I pay of the debt a little slower, but in the moment I am still fine. We are all fine.
Out My Window: Foggy, cloudy, cool, could snow later today.
Well I need to get late notices out, 9 of them, so here is to $180.00 more dollars. That is how I see it now. I have turned into a CC company hoping my parents pay late! Well not really if they come up to me and explain I let it go, but most don't. I am beginning to realize that a lot of people will just add the late charge and pay when they want!
Have a great Valentines Day! Don't eat to much Chocolate!