UnThreaded | Threaded | Whole Thread (19) | Ignore Thread Prev | Next
Author: ferjen Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77139  
Subject: Re: What to do? Date: 2/1/2012 8:54 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I am not sure what adding a pool does to reduce FIT.

The pool would be done with a second mortgage, and that interest would be deductible. But, as the previous poster stated, spending a dollar to save 28 cents makes no sense.

I agree this is a good problem to have, but it came on quite suddenly and I'm not experienced in how to deal with it - particularly to not get stuck writing a big check to the feds next year.

Had we known last year, we'd have bumped up our flexible spending account a bit, especially with braces in our near future. :-) There's always next year...but what to do this year? Hmmmmm....

Hopefully, the additional five months of mortgage interest payments and the increase in property taxes will be enough to square us up...

I just want to make sure I'm not missing anything...
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (19) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

An Interesting Read
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.