We owed over $1,000 in federal income tax this year because we had quite a bit more income in 2006 than in 2005, without increasing our deductions. I mentioned this in “No Employer 401k Match – Should you still contribute?“.
Now I want to know about your taxes. Did you owe money like us, break even, or get a refund?
Remember, though, that getting a refund is like giving the government an interest-free loan.
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