Have you done your taxes yet?
Have you started?
Do you do your own taxes?
Or hire an accountant?
Just curious ...
I do our taxes ... even for all of our home businesses. I've done our taxes for 26 years. (The first year of marriage we used an accountant, and he laughed at us when he added up all 8 (yes ... eight) of our W-2 forms from part-time jobs ... and they equalled $8,000.) Yes ... we made a whopping $8,000 in our first year of marriage. (Did I ever tell you that we donated plasma twice a week to pay for our wedding?) Nice guy. Didn't charge us for his services. He felt so sorry for us.
Anyway ... I use Turbo-Tax ... have since we got our first little home computer back in the mid-90's.
I'm a stats person. (Oh ... yea ... you know all about my blog stats.) So, I LOVE all of the cool graphs and charts that Turbo Tax has for me ... comparing this year with last year, etc...
Well ... let's just say that this year's income doesn't compare too favorably to last year's income. In 2008, Jim worked full-time as a teacher for the full year; while I worked 30-35 hours per week as a school Program Director for the first 8 months of the year. We did pretty well. Mind you ... "pretty well", for us, is a bit different that "pretty well" for the majority of Americans. But ... we were comfortable. Not over the $100,000 mark ... but definitely comfortable.
I lost my job in August 2008, and haven't worked outside of the home since that time. Yippee! Thank you Jesus! Then, in August 2009, Jim quit his secure teaching job as we stepped out in faith and moved to our little island so that Jim could pastor our little church.
Jim still had his full-time teaching job for 8 of the 12 months of 2009. But, you'd never guess it from the charts and graphs on Turbo Tax.
So, what do those nice little charts and graphs tell me this year? I totally had to laugh at this one ...
I just completed my tax return for this year and the last page before actually filing the return is titled "Expert Recommendations for You". I would think that their "Expert Recommendation" for us might be that we need to make a little more money. But, no, that's not what it said.
This bright green graph popped up. It was titled, "$40,107 Less Than Last Year". Really? Oh my! The funny thing, though was the little paragraph next to the graph. It told me ...
"Your lower income actually has a few advantages.
For one, your overall taxes will be lower."
Really? You've got to be kidding? How nice of the government, that they aren't going to tax me on last year's higher income. Too funny!
It went on to tell me ...
Look After Your Retirement
"If you're tempted to dip into those retirement accounts,
consider these things first. You're probably looking at
a withdrawal penalty for using the money early.
Then, the IRS is going to tax your withdrawal.
If you have to use your retirement funds,
use them sparingly, and pay the money back
when you can."
So, the nice little software gremlins determined that since we can't possibly live on our new, lower salary (even though we are so lucky that we don't have to pay as much in taxes), that we must have dipped into our retirement fund. Obviously, with all of the kids that we claim on our taxes, we aren't quite ready to actually retire. The problem ... we don't have a retirement account. Nope. Don't know anything about those 401K things. Little gremlin wasted his breath on warning me about the penalty for taking money out of my retirement funds ... that I don't have.
Oh my ... I just found a new little check box to check. It said,
"Show me how I compare to U.S. averages."
More fun ... up ahead ... I can't wait ...
Well ... I am actually pretty surprised by the comparison chart. Even though I know that we now fall under the "Poverty Guidelines", I don't feel the least bit "poor". The stats tell a slightly different story ...
Our Salaries and Wages plus our Self-Employment Business is $29,000 LESS THAN the U.S. Average. Oh my!
But ... our Charitable Contributions are 75% MORE THAN the U.S. Average. Thank you Jesus!
Seriously, folks, I did NOT share any of this to make you feel sorry for us. Nope. Not at all. I shared it because I want to shout it from the roof tops that ...
Jesus Is Our Provider!
God is Faithful!
He will Always Provide for Our Needs!
He has Blessed Us Abundantly!
We stepped out in FAITH,
and Our Lord has been FAITHFUL!
My God is AMAZING!
I don't have a CLUE how we've done it ...
but WE haven't done it ...
we trusted HIM to do it ...
and He did.
Thank You Jesus!!!
Seriously ... I'm a little in shock tonight. While I have known that the Lord has provided miraculously for us ... it's crazy when you see it in black and white.
The Lord has sustained us through the difficulty (and expense) of living between 2 homes.
The Lord has provided for ALL of our ferry rides (sometimes more than $300 per month).
The Lord provided for me to take 7 of the children on a month-long 7,333 mile Road Trip last fall. We even had the cash we needed to pay for the unexpected trailer repairs after our tire exploded.
The Lord provided for our family Road Trip to California in July for my great-uncle's 100th Birthday Party.
The Lord gave us "extra" so that we could support Carissa in Argentina.
The Lord gave us "extra" so that we could help 2 of our Big Kids buy cars last month. (We are a 10 car family now ... with only 6 drivers. Kinda weird ... I know.)
The Lord gave us "extra" so that we could loan money to several Big Kids when they needed it. (Big Kids ... don't forget that $4,500 that you still owe us.)
The Lord provided so that we could pay cash for the new furnace that we had to buy for our "other house" this week. (Can you believe it? The furnace completely died right when we need to sell the house.)
The Lord has protected us, and we have only had two small medical bills since we lost our health insurance last summer.
Every time our bank account has gotten low ... the Lord has provided another painting job, or a special gift ... right when we needed it.
God is Good!!!