Best and worst filing day: A Tuesday that made me $3,200 richer and $800 poorer in 6 hours

I had this one Tuesday last March that was wild. I finished organizing all my 1099s and receipts and found a deduction I'd missed for a home office setup. That saved me about $3,200 on my estimated taxes, which felt amazing. But then I realized I'd been putting off paying my quarterly estimate and the penalty fee hit for $800. So I ended up net positive but still felt burned by my own laziness. Idk, is it better to find a big deduction late or just pay on time and avoid fees? Has anyone else had a day where the highs and lows balanced out like that?

3 comments

3 Comments

max_schmidt7712d ago

Set up autopay after that happened to me too.

robin89612d ago

Yeah I read this article saying autopay actually makes people LESS likely to overdraft because you just don't forget. Definitely saves me the headache of late fees.

mitchell.thomas12d agoMost Upvoted

Used to hate autopay but you're right, it's the only way to not screw it up.