You should probably adjust your withholding's this year.
@Retired_Engineer: I limited my withholding slightly this year because I expected to make a home purchase (and deductions that went with that). Â I plan the same for this summer, but life makes a mess of plans so who knows.
But I am entering into a side venture as a consultant and that will give me lots of deductions. Â Amazing how much one can deduct that way. Â travel, computer equipment, bandwidth I'm using now, car expenses, all kinds of things. Â I can probably get it to tax neutral though I'll have defacto income.Yet, can't deduct educational expenses for special needs children (unless above the 7.5% adjusted)The tax code is stupid. Â 4951