gardening and taxes - Blogs - Frugal Village Forums
View RSS Feed

frugal-fannie

gardening and taxes

Rate this Entry
by , 03-01-2009 at 05:59 PM (1253 Views)
Well my husband eyeballed the taxes and over 30k went to the Federal and probably another 20k went to the state. Then all the property taxes on all the land. I hope I don't also loose the college write off. I already got bitten on that one a last year, my 22 year old worked hard and graduated early, but because she graduated in less than 5 months they would not let us write off any of the college expense.She also married so lost another dependent also. The 25 year old is over age so we can't write off any of her college either. I am down to 2 dependents and I heard with The Big O I may loose those deductions too.The 30k I pay for college for DS is about our only deduction outside of interest for land and housing. I do have the 6 World Vision kids. Those I take off as a charitable donation, to bad it is not a Dependent child tax deduction LOL. We do send money to support my FIL and someone told me if he had a SS# we could possibly claim him, so I may have to check that out. I think I am going to work hard this year and pay everything off. Then DH can retire and take a paycut and I can quit the second job and maybe we can keep the deduction for College for his senior year, Better than working hard and getting penalized for it. I gardened some today I planted 4 rasberry bushes. My chayote squash is growing a vine. I hope I can keep it alive. I also planted a pomegranite tree and rosemary bush. I am aiming to get to weeping plums planted and a apricot tree and peach tree. I also planted a gerber daisy, verbena and rose bush. My freesia bulbs are blooming and the orange and citrus trees are in flower. It smells heavenly.

Submit "gardening and taxes" to Facebook Submit "gardening and taxes" to Tweet This Submit "gardening and taxes" to Digg Submit "gardening and taxes" to del.icio.us Submit "gardening and taxes" to StumbleUpon Submit "gardening and taxes" to Google

Categories
Uncategorized

Comments

  1. Debbie-cat's Avatar
    I hate taxes. Don't even get me started.

    I wish I was able to plant things like that! I am so jealous!
  2. mauimagic's Avatar
    Aloha Frugal-Fannie,
    You are an ambitious woman - congrats on all you do. Love your gardening skills. Do you have a lot of land to cultivate? I want to create some container gardens - starting small so I don't get overwhelmed. My rosemary has done really well. Last year for Christmas, I bought some really small rosemary plants on sale early in the year, gave the grown up plants along with recipes for gifts - a great smelling gift!!

    Am thinking of planting some basil this year and making pesto for holiday gifts.
    Our daughter just finished her undergrad work and is now going for her phd. At what age can we no longer claim her as a deduction?

    Mauimagic
  3. frugal-fannie's Avatar
    I could not write my oldest daughter's college when she turned 24.I am not a tax expert so I would check with one on how the dependent thing goes. Some workman killed my last rosemary bush when they were working on some cement work. I have a sage bush that has very pretty purple flowers- for another easy herb perennial. I have a lot of land but not where I can grow anything on it. My house sits on about 1/4-1/3 acre. I terraced the back and that is where I am putting most of the trees. I do a lot of container gardening also. Partly because the dogs will not leave anything alone.