Filing My Taxes Today!
I love when I'm smarter than my hubby...he did our taxes and I told him "let me have a crack at it, just to make sure you didn't miss anything"
of course he thinks there is NO WAY I could find something he didn't see (because it isn't like I know numbers or anything...I only have a degree in economics!) So of course by the time I'm finished we're getting $2,000 MORE than what he calculated. Score one for me! |
Men are funny! :lol::lol: It's entertaining sometimes to show them up like that. Good for you!
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I must be doing something severly wrong. We rarely get a refund, usually end up owing a little bit. If we do get money back, it usually less then a hundred dollars. I wonder what in the world I am missing to deduct?????:confused:
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Originally Posted by AnythingsPossible: |
Originally Posted by kitkat: |
I took a $500 loss since 2010 was my first year doing daycare, I had to get all set up, do some repairs, buy girl toys since I have 2 boys, buy outdoor play equipment since I have an 8 year old who has outgrown all the little tykes stuff and my baby just turned 1...so next year I hope to turn a profit, and my refund won't be that awesome, but making money over losing money would be awesome!! lol
if you have kids make sure you're getting your child tax credit, is $1000 per child, make sure you get you "making work pay" credit, it's $400 for you and $400 for your hubby, if you are in school make sure you TRY to get some credit for it (i didn't qualify but it doesn't hurt to try!), earned income credit is a big one, make sure you claim it if you can |
Originally Posted by AnythingsPossible: |
I did mine on Monday. For years I have used an accountant and he figures out what my quarterly taxes are and I pay them. I never get anything back, if I have paid too much it just stays in and I have to pay less the first quarter. 2009 year my income went way down, many parents laid off and I had paid the recommended taxes so in 2010 I paid nothing to the state, because of credit from 2009 and very little to Uncle Sam.Went down again last year so don't owe anything until June, thank goodness. Heating oil here is $3.10 and I am burning 10 gallons a day to keep the house at 62 during the day and 56 at night. I have a big old Victorian. Don't know how I am going to keep this up.
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Originally Posted by Annette: |
Refunds
It's not useful to compare refunds with other providers. Your goal should be to owe no money and get no refund come tax time. If you get a big refund this means the IRS held onto your money for months.
Now, this is not to say you should not be paying close attention to what you are entitled to deduct! Just don't conclude that because you got a smaller refund than someone else this means you did something wrong. |
I'm surprised that you even have all your information to file. I wish we did! We have not received my husband's W-2 or mine from some freelance work I do every year. We likely won't be in a position to file until February sometime. But first chance I get I will be on TurboTax!
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