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Friday, February 8, 2008

I did my own taxes

Yeah. I went and did that joker myself.

This week has been a busy week and next week will be even busier. I wasn't going to be able to see the accountant I mentioned on this post for another 2 weeks. I already had my information inputted into TaxAct so I went ahead and finished it off. I wish I would have used the deluxe version. I had a refund of about $1442 right before it ran the alerts. After it was done and I answered the questions it popped, up my refund had sky-rocketed to $2629. I used itemized deductions this year instead of the standard (I should have done the same last year) and there were some deductions that I could take that I wasn't aware of (state sales tax, tithes, donations). Applying those deductions allowed me to qualify for the child tax credit, which it wasn't giving me before. I got the full $1000, hence the large jump.

I started the return last night around 10 pm. I didn't wind up finishing it until 1 am (I kept nodding off....lol). Anyways, based on the IRS refund cycle, if I had submitted my return last night I would have received my refund next Friday, the 15th. But since it went through today, I should get it on the 22nd. Oh well. One week ain't gonna kill me.

I'll do a post later on what I plan to do with my return.

I love tax time!!!!

Yall have an awesome day!!


Resources:

TaxAlmanac

Fairmark

IRS Free File


4 comments:

SavingDiva said...

If I was getting a huge refund, I would file immediately to get the money right away! :)

Dimples said...

@ saving diva

My thoughts exactly! :-D I'll still meet with the guy to talk about my business but I had to do this on my own. Plus he was charging $45 and I only paid $10 for the deluxe.

CT Mom said...

I like tax time too - I've been waiting for 1 more state form to download (due yesterday) so I'm hoping to get ours done this weekend. Thanks for the link to the refund cycle - now I know if I get them done this weekend, I'll have my refund the week of 2/22. Happy Friday!

Dimples said...

@ CT mom

Your welcome. Happy Friday to you too. What you going to do with your taxes?