For the first time ever I have to pay the IRS this year. It's because of all the refunds I got when I retired last year. Seems that the government agencies had me putting money into things for a number of years that I didn't have to pay into. Figures....
Since they were pensionable items there were no taxes taken out at the time. So, now, I have to pay the taxes on them.
My questions then are, if I'm paying taxes this year, do I get this economic stimulus package or not? Can I just deduct the $600 from what I have to pay? Do I get the entire $600 or a percentage because I made so much with the refunds? Do I have to file additional paperwork? Or am I just being stimulated where the sun don't shine?
i'm confused.
wait..., maybe i'm not.
no, i'm definitely confused...
'splain me, Lucy...
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