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Tax Free Month

January 20th, 2010 at 03:49 pm

First of all, I keep thinking about Monkey Mama and her husband. I don't remember the exact surgery date. It could be today. Yesterday? Not sure. My prayers and thoughts are focused on a good outcome. Send your own positive vibe their way if you feel so inclined!

A benefit of participating in a combat zone is tax free income. My husband is going to get a bonus month of tax free income because of a 10 day trip to the 'zone' in the near future. Actually, you only need one day in the 'zone' to qualify! We still pay Medicare and Social Security taxes.

This extra month only helps convince me that we should convert our IRA's to Roth's this year. I just want to know what it will end up costing us. I think we have at least $30K that we could convert. Of course, we don't have to convert it all. If I remember correct, we can split the tax bill between 2010 and 2011. I wonder if it has to be an even split?

Ebay update: I have three items listed and two already have bids!! I also found several books that I think will sell best on ebay, so I will get those up this Sunday.

Kids are home because of ice. We are getting 1/2 inch or so. I think school may be extended until mid June!!

Posted in Family, , Taxes | 4 Comments »

4 Responses to “Tax Free Month”

  1. Joan.of.the.Arch Says:
    January 20th, 2010 at 04:35 pm 1264005354
    1264005354

    Yikes on the ice! Hope you are well set with provisions and blankets and all in case you can't get out and the power goes out due to lines brought down by the ice.

  2. creditcardfree Says:
    January 20th, 2010 at 05:49 pm 1264009755
    1264009755

    Thanks, Joan. We are set, if needed.

  3. Ima saver Says:
    January 20th, 2010 at 07:41 pm 1264016483
    1264016483

    I am pretty sure that the surgery is first thing tomorrow morning. I know it was this week and I went back to read her posts and she mentioned that his surgery was Thursday morning. Let's keep them in our thoughts!

  4. creditcardfree Says:
    January 20th, 2010 at 08:32 pm 1264019524
    1264019524

    Thanks Ima! I tried to browse for a date, but couldn't pin it down.

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