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Posts: 4Joined: June 18, 2012Last Post: September 26, 2013
Question: Savings for taxes
I have been married for 44 years. The best way that we have used is very simple. Our taxes for last year was about $2,800. Divide this amount by 12 months and it comes to about $233 a month. So just put this amount every month in a separate savings account. When the taxes come due, just withdraw the total amount and pay your taxes. You will not have to worry about under funding your checking or savings account. Call this account Realestate Tax Account and you will always be ahead on your taxes for the year instead of looking for the money elsewhere.