- Federal Income Tax
- State Income Tax
- Local Earned Income Tax
Now after being happy about finally completing and mailing in all of my income tax forms, I find that I am now angry because now I have another tax form that I have to fill out, INCLUDE A CHECK WITH A TAX PAYMENT! and mail it in because it is due by April 30th!
This additional tax is courtesy of our own little local Cheltenham area! It is called the "Earned Income Tax" and it has to be paid quarterly! I guess that I should be happy that it does have to be paid quarterly because I don't think that I would be able to pay it in a lump sum at the end of the year!
If your employer already takes out this tax then you shouldn't have anything to worry about. I believe that you still have to fill out the quarterly form though every 4 months! One of the things that makes me angry about this local tax (besides the fact that it is a tax that we have to pay and the form and payment have to be sent in on a quarterly basis) is that even if you make under $3,000 - which makes you exempt - you still have to submit your total income quarterly along with the tax payment itself and if you fall under the $3,000 income exemption then YOU have to wait for them to send YOU back YOUR money!
And don't even THINK about trying to get "by" them. If you don't pay the quarterly tax then you are assessed a fee every month that you are late with your tax payment.
Like I said I still have to fill this out and send it in by the 30th. I see where they mail you the forms and even provide you with stickers with their address on it so that you can put it on the envelope - the problem is they don't provide you with an envelope!
Basically I'm just ranting because I really REALLY hate doing this!
About the only way (I think) that I could solve this little thing that bothers me is to not have an income!
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