My taxes are completed. And now that they are, I'm completely sick to my stomach. It seems this year was a busy year for me. The raise I got in July, combined with income from the side gig, plus a loss of the Earned Income Credit AND the Child Tax Credit (since the Princess is now 17) means that for the first time EVER I owe money to the Federal Government. $755 to be exact. I will be getting a $142 refund from the state, but that barely dents the money owed to Uncle Sam. Add that to the debt I'm trying to get out of, and I'm just about SICK to my stomach! Okay I am actually sick to my stomach!
After the taxes were completed, we started work on the FAFSA. It appears that the Princess will qualify for a small Pell Grant, and a Stafford Loan. However, I'm confused on the amount the summary listed because my understanding was that for a first year student you could only qualify for a smaller amount. I am scheduling a meeting with the school college counselor to try and figure this stuff out.
In the meantime though, time to seriously readjust my thinking and my budgeting bottom line. I've got to make some deeper cuts.