Okay, sorry it took me so long, but here is the tax breakdown.
Our joint taxes (State and Federal) for 2024 were $40,289, minus $14,250 in payments made for $26,039. If we would have filed jointly it would have been $26,083 - $44 more.
Separately, I owed $!6,972 and Cindy owed $23,361 – with Bob having $12,815 in credits vs. Cindy having $1,435 in credits. However, the $7,050 prepaid was 100% credited to Bob instead of split between Bob and Cindy. This means Bob had $3,525 less in credits and Cindy $3,525 more in credits.
So Bob had a tax liability of $16,950 (accounting for $22 subtracted for Joint difference) and credits of $9,290 for taxes owed of $7,660.
Cindy had a tax liability of $23,339 (accounting for $22 subtracted for Joint difference) and credits of $4,960 for taxes owed of $18,379.
So I transferred $10,000 on April 17th
Subtract $7,600 for 2024 Taxes
Subtract $1,875 for 2025 Estimated Federal Taxes
Subtract $50 for 2025 Estimated State Taxes
This accounts for $9,525. I messaged you for the total on Blakes roof, as soon as I get that I'll get that squared away. I will also transfer $400 to the joint account today for Jeff & Madie's mortgage.
Can I get a copy of the invoice for the roof for my taxes for next year. I also need to get a copy of the purchase contracts and the payment schedules from the sale of Quilter's Cupboard for the divorce paperwork.
Our joint taxes (State and Federal) for 2024 were $40,289, minus $14,250 in payments made for $26,039. If we would have filed jointly it would have been $26,083 - $44 more.
Separately, I owed $!6,972 and Cindy owed $23,361 – with Bob having $12,815 in credits vs. Cindy having $1,435 in credits. However, the $7,050 prepaid was 100% credited to Bob instead of split between Bob and Cindy. This means Bob had $3,525 less in credits and Cindy $3,525 more in credits.
So Bob had a tax liability of $16,950 (accounting for $22 subtracted for Joint difference) and credits of $9,290 for taxes owed of $7,660.
Cindy had a tax liability of $23,339 (accounting for $22 subtracted for Joint difference) and credits of $4,960 for taxes owed of $18,379.
So I transferred $10,000 on April 17th
Subtract $7,600 for 2024 Taxes
Subtract $1,875 for 2025 Estimated Federal Taxes
Subtract $50 for 2025 Estimated State Taxes
This accounts for $9,525. I messaged you for the total on Blakes roof, as soon as I get that I'll get that squared away. I will also transfer $400 to the joint account today for Jeff & Madie's mortgage.
Can I get a copy of the invoice for the roof for my taxes for next year. I also need to get a copy of the purchase contracts and the payment schedules from the sale of Quilter's Cupboard for the divorce paperwork.
Bob Peters
2239 NW Bayberry Lane
515.360.4231
iowabobpeters@yahoo.com
2239 NW Bayberry Lane
515.360.4231
iowabobpeters@yahoo.com
