March 22, 2004 in Personal

Christmas Comes Early

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I finished my taxes last night and for the second year in a row, I’ll be getting a refund. It’s about 1/3 of what I got back last year, but I’m please to be getting a return period. For so many years, I would have to pay the Federal government money on April 15th. Thankfully, Turbo Tax has set me straight and I’m now taking every deduction owed to me. I’m all for paying my share in Federal & State taxes but based on current tax laws, a single person like me with no dependents pays her share and then some. That is so not fair!




8 Comments

  1. March 30, 2004 at 10:56 am

    deshigrrrl

    Reply

    turbo tax sux. so does h&r block. take it from me.. a tax accountant. 🙂

  2. March 28, 2004 at 2:12 pm

    Mariann

    Reply

    I love Turbo Tax — had I paid attention to it last year, I wouldn’t have had to pay an extra $600 to the state of Maryland. But I thought that Turbo Tax was acting up… ah, foolish me! Now I know better!

  3. March 27, 2004 at 7:11 pm

    Andrew

    Reply

    Remember that while getting a refund is nice, all that means is you’ve given Uncle Sam and interest free loan. It’s counterintuitive but it’s better to owe come April.

  4. March 24, 2004 at 12:03 pm

    Ursula

    Reply

    What, you want me to give away my finances on my website? I’m open but I’m not that open.

  5. March 24, 2004 at 11:41 am

    TsuKata

    Reply

    No friggin’ way! You make more than I do, don’t you? How the heck did you get your income low enough for student loan interest?
    (PS – It pisses me off to no end that I can’t deduct my student loan interest.)

  6. March 23, 2004 at 7:17 pm

    Ursula

    Reply

    I contributed the maximum as allowed by law to my 401K, MSA accounts among others things and I was able to bring my gross adjusted income down to qualify for such deductions as student loan interest, IRA, etc. So no mortgage/property tax deduction. Might have to go after that next year which means I’ll need to buy something.

  7. March 23, 2004 at 9:30 am

    Toonces

    Reply

    Really? You got more than the standard deduction without a mortgage and property taxes? How did you pull that off? Are you in an Urban Enterprise Zone or something?

  8. March 23, 2004 at 8:38 am

    Heather

    Reply

    Last year my father had opened my W-2, because when not wearing his glasses “Heather” apparently looks like “Robert”. I said ‘Who opened my mail?!’ He said “I did. And boy, Uncle Sam just LOVES you!”
    It’s bad enough that the singles get the brunt, but it was twice as bad that a man who is in a tax bracket 3 times higher threw pity at me.

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