You'd think, wouldn't you, that buying a townhouse would make me feel like an adult. Or maybe turning forty? Nope. You know what did it? Using the 1040 long form for my taxes, complete with a filled-out schedule A and schedule B.
Except for the year I had jury duty (and couldn't find a space on any other form but the 1040 long form to declare the $14 bucks or so that they paid me to sit around before being dismissed with thanks), I've used the 1040EZ form. One side of one sheet, very little to do except report what I made, what my tax should have been, what they took, and what they owe me.
This year? What I make, what I paid in state and local taxes, what I paid in property taxes, how much interest I paid on the mortgage, how much I paid in private mortgage insurance premiums...subtract that from what I made, along with the usual exemption I get every year (my head is beginning to spin, how about yours?)...two hours of math and form-filling later, it turns out the IRS owes me close to $800! It used to be between $300-$400.
Holy crap.
2 comments:
Yay for tax refunds!
Gees. Our taxes grew so complicated, with kids in college, with multiple jobs, with 401Ks (which are melting away rapidly), property, etc. that we have turned to an accountant. The do it yourself days are long gone.
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