Tax Season

[NTP66]

Source of the post In retrospect I had $16k in loans for a 4 year degree when I graduated in 1999.

That's around what I paid for my 2-year degree (graduated in '01 or '02).

[skullman80]

Yeah the two year degree route ended up being the smartest thing I ever did as far as not completely putting myself behind the eight ball once I graduated. I made lots of stupid financial decisions in my 20's that screwed me over and took forever to dig out of, but that was my own fault.

[NTP66]

Yeah the two year degree route ended up being the smartest thing I ever did as far as not completely putting myself behind the eight ball once I graduated. I made lots of stupid financial decisions in my 20's that screwed me over and took forever to dig out of, but that was my own fault.

Same.

[robbiestoupe]

Source of the post My wife was lucky to make north of 80K right out of PA school.

wow, really? That's great. For some reason my wife gave me the impression PAs don't make much and it's grueling work. I assume she works in the Pittsburgh area? I know my wife makes way less than she would if she worked in a different county. She said the amount of PTs in the Pittsburgh area is way oversaturated and UPMC/AGH basically lowball all their PTs due to this. Many of her coworkers left to work in Butler/Washington county and make a lot more.

[skullman80]

Source of the post My wife was lucky to make north of 80K right out of PA school.

wow, really? That's great. For some reason my wife gave me the impression PAs don't make much and it's grueling work. I assume she works in the Pittsburgh area? I know my wife makes way less than she would if she worked in a different county. She said the amount of PTs in the Pittsburgh area is way oversaturated and UPMC/AGH basically lowball all their PTs due to this. Many of her coworkers left to work in Butler/Washington county and make a lot more.

Yeah she works at UPMC Shadyside/Presby. She started in the Leukemia ward at Shadyside doing in-patient stuff. That was grueling 10/12 hour days that could go way longer with people who were normally going to die fairly soon. She dealt with Chemo every day etc. Worked weekends, holidays etc. It drained her.

She now works in the cardio-thorasic unit as a PA for a heart doctor(s) in the same hospital. It's much more relaxed cause it's outpatient. No weekends, no holidays, much more laid back and she actually makes more. It was a transfer from within UPMC and even though she says she hates dealing with the "bullshit" of office politics sometimes I remind her that her job on the Leukemia ward was much worse and way more draining.

[robbiestoupe]

Source of the post My wife was lucky to make north of 80K right out of PA school.

wow, really? That's great. For some reason my wife gave me the impression PAs don't make much and it's grueling work. I assume she works in the Pittsburgh area? I know my wife makes way less than she would if she worked in a different county. She said the amount of PTs in the Pittsburgh area is way oversaturated and UPMC/AGH basically lowball all their PTs due to this. Many of her coworkers left to work in Butler/Washington county and make a lot more.

Yeah she works at UPMC Shadyside/Presby. She started in the Leukemia ward at Shadyside doing in-patient stuff. That was grueling 10/12 hour days that could go way longer with people who were normally going to die fairly soon. She dealt with Chemo every day etc. Worked weekends, holidays etc. It drained her.

She now works in the cardio-thorasic unit as a PA for a heart doctor(s) in the same hospital. It's much more relaxed cause it's outpatient. No weekends, no holidays, much more laid back and she actually makes more. It was a transfer from within UPMC and even though she says she hates dealing with the "bullshit" of office politics sometimes I remind her that her job on the Leukemia ward was much worse and way more draining.

I've been trying 11 years to convince my wife to work in outpatient. But she insists she'll hate it, so here we are.

Ever since she started floating between all UPMC hospitals, she hasn't had to work weekends. That all changed at the beginning of the year with her new boss. Idiot just wants to make his mark and has no common sense at all. Even that wasn't enough to push her into doing outpatient work. I give up.

[dodint]

Yeah the two year degree route ended up being the smartest thing I ever did as far as not completely putting myself behind the eight ball once I graduated. I made lots of stupid financial decisions in my 20's that screwed me over and took forever to dig out of, but that was my own fault.

GI Bill for me. I also had the AAS before enlisting so I carried the GI Bill all the way through my Masters and much of law school.

[mac5155]

Of note I'm going to be paying off my student loans this year after like 15 years... and I'd have no problem with everyone (not just my wife) getting some sort of relief overall even though I just paid mine off. The whole system is broken, but it is what it is.

She also gets hers forgiven I think after 15 years or 20 because of the field that she is in or something like that. With that said she got boned the first few years being a PA cause even though she worked for UPMC, she technically drew a check via the Leukemia department so it didn't accrue towards her years of service even after she appealed it. The role she is in now with UPMC is does accrue towards that, but she basically lost about 5 years worth of "time' towards forgiveness.

Id settle for 0% interest.
Or also, they could remove the 2500 limit on the tax deduction.
Either of those would be beneficial to those of us actually trying to pay them off.

[mac5155]

I'm confused here...
I received a 5948-SA from an employer that my wife left in April of 2017. Box 6 has HSA checked and the amount is just shy of $300.

Does this mean that there is still that money in an HSA?

How do I access that money?

[Beveridge]

Should be able to access it the same way you do an old 401k.

[mac5155]

Hope and pray you remember the plan administrator?

[MrKennethTKangaroo]

pretty sure it would give the plan administrator's name on said 5948-sa

[dodint]

Filed my return. They're not processing them until 2/12.

Booooooooooooo.

But when they do process them, they're supposedly doing FIFO, so there's that.

[NTP66]

Filed my return. They're not processing them until 2/12.

Booooooooooooo.

But when they do process them, they're supposedly doing FIFO, so there's that.

Same here. Dropped the paperwork off last Friday and was told it’s FIFO after 2/12. Hoping to break even this year after $5k and $1k payments the last two years.

[dodint]

I had a big tizzy a while ago about finding out late that my wife's unemployment was taxable.

Turns out when I set it up I opted into it, and forget. *whew*

I'm just glad we don't owe.

[mac5155]

I just submitted mine too, first time using Credit Karma's service. Pretty slick. Turbotax lost me this year. I had zero special things. Literally 2 W2s, a few random 1099INTs (TYFYS with the bank account scams we're running NTP) and a few 1098-Es.

Nope, need deluxe for 1098E. No thanks, CreditKarma it is.

Nice little refund coming our way again this year.

[mac5155]

pretty sure it would give the plan administrator's name on said 5948-sa

TY. it was. got in. this thing has a $3.25 MONTHLY MAINTENANCE FEE.

WTF

[NTP66]

Source of the post TYFYS with the bank account scams we're running NTP

[NTP66]

My taxes are done, and we owe just over $400. Works for me, so I won’t bother making any further adjustments this year.

[Tomas]

Just in case:
Is there a way how excess contribution in 403b could be rolled into 457b (which we have available)?

I know I can easily withdraw penalty-free by April 15, but it's really a tiny amount, and the way how I entered it somehow disallows me to e-file my state taxes. I'd rather deal with the issue without triggering the withdrawal and the - mysterious to me - state's insistence on going to the post office (especially because I am all ready to hit the "e-file" button).

[Beveridge]

How did more get in that should be? Sounds like payroll department failure.

[skullman80]

To my surprise my refund was in my bank account this morning.

[shoeshine boy]

To my surprise my refund was in my bank account this morning.

yep, mine too. submitted late January, accepted Feb 12, money in the bank Feb 20.

[dodint]

Mine was accepted on the 12th but not processed yet. TT thinks 3/5.

[NTP66]

My wife's employer finally relented from all of the employee pressure, and are now 'allowing' everyone to submit for Philly wage tax refunds for 2020. That's a nice little bonus that should arrive just before summer.