Wednesday, February 11, 2009

The Dreaded Taxes

Does anyone actually like doing taxes? I personally don't mind it, although I can think of a million other things I'd rather do. But most people I know detest it and either put it off as long as possible, or hire someone/buy a computer program to do it for them. I think maybe I'll be changing my tune at this time next year, though, when there are more elements that I'll have to consider and keep track of.

I guess I'm still lucky in that my taxes are fairly simple and straight forward - I live in a state without an income tax, and my federal taxes consist only of my W-2, savings account earnings, education credits, and my 1040 Form. I still print the 1040 off of the website, fill it in with a pen while consulting my trusty graphing calculator, and mail it in with an old-school stamp. It's not that I'm not computer savvy, I just find it easier to finish them this way without having to worry about internet connections and program time outs, etc. Until the government makes me go paperless (or they get so unmanageable that I can't do them myself), this is how I will continue to roll.

I actually sat down and banged 'em out (with the help of the not-so-easy-to-navigate IRS website) in an hour last night, and was pleased to find that my return will be approximately $750 this year! Hooray! That's by far the biggest return I've ever had, and I'm not quite sure what I want to do with it when it comes. Realistically, most of it will go into savings and paying off my remaining student loans, but it'd be nice to get myself some sort of treat, too.

What are you going to do with your tax return this year?

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