I spent an hour last night working on our taxes.
I have entered information about our income, child care costs, and various deductions.
I am still waiting on a couple of tax-related documents, so for a trial-run, I estimated. It looks like we will be receiving a small refund from the federal government and owe a small amount to our state government.
I can remember the first time I filed taxes. I was still living at home with my parents – and we went to the local library to pick up paper forms for the 1040EZ. That was more than 20 years ago.
Now, I file online via H&R Block At Home Online (Save 15% ). The process is simple, with a step-by-step guide.
Even as we are making progress in paying off our mortgage – it’s still discouraging to see just how much we spend on INTEREST. Man, I cannot wait until the day when we own our home, free-and-clear. Until then, we keep working the plan.
I plan to file in the next couple of weeks and will have any refund or payment automatically deposited or debited from our online checking account.
Working on taxes – all the bookkeeping and computations – is really time consuming… especially when you are clueless in doing things the right way. That’s why some just leave this task on experts’ hands.