It only took us 3 months too ;) Wow though, what a sigh of relief…I’ve been stressing about this for 2 months now and the worst part about it was that I couldn’t do anything to speed it up! I wish I could state why, but you’ll have to take my word for it that it was honestly truly not my fault, okay? Good, glad to see you agree with me. (my ex-girlfriend from 6th grade used to say that alllll the time, and apparently now I do too)
Now I bet your wondering two things right now: 1) How much do we owe/get back? and 2) Did I actually for once do them myself?! After stating to everyone in BlogLand and Twitterville that I would give it a shot for the first time ever? Read on…
J’s Taxes 2009: The Financials
WE GOT A RUFUND!!! Two to be precise – A federal and a state refund. Which in all honesty comes as a surprise. I’m not big ballin’ on this blog or anything, but all those sponsored links and google ads you see around here do add up over time. And since most of it goes directly through PayPal and other non-taxed avenues, I was starting to worry if we’d owe a chunk (and like a bad boy I hadn’t set aside money to cover it! Blasphemy!). But it seems the ol’ house saved us again :) I guess that’s our present for paying $24,000 in mortgage interest & taxes last year. Boy… here’s what we got back:
Federal tax refund: $2,300
State tax refund: $700
And guess where it’s all going toward? Our 10-Day Eurotrip!! That’s right – gotta pay off that credit card before I think twice…and if you think about it, it’s kinda like Obama just paid for it! W00T!
J’s Taxes 2009: The Doing of ’em
I’m not gonna lie, I cheated. For a 5th year in a row I had my accountant do them for us :) But that was only because of the issue that shall not be named! I didn’t want to risk it being so close to the cut off-date and all (aka NEXT WEEK!). So while I wanted to give TurboTax a good pokin’ around, I guess we’ll have to wait until next year again. But I swear, one of these days I WILL learn how to do them myself! Even if that means using TurboTax AND my accountant at the same time to verify I don’t mess up and/or get thrown in jail like a certain someone.
Cost of Accountant: $170
Late fee for waiting so damn long: $25 (but oh so worth it!)
When all is said and done, I couldn’t be happier. $3,000 cash back isn’t as good as last year’s $6,000, but anytime you don’t owe the government anything it’s a total win in my books :) I’d be happy to “loan them” my money anytime, screw it. Better to be safe than sorry, I say.
Now how about you guys? Whatcha all doing (or not doing) w/ your refunds?
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!