Taxation

It’s my favorite time of the year: the time when we get to collect some of our money back on that interest-free loan we’ve given the government. That’s right, it’s tax season! I guess it’s good we’re getting a refund instead of owing money, but it might be nice to work things out where we are actually able to take more of that money home each month instead of loaning it to Uncle Sammy. Let me know if you have any hints on how to do that.

While I’m talking taxes, here’s a little plug for TurboTax Online, where I completed our 1040 for the second straight year. It’s a lot like going to an accountant, in the sense that it asks you a lot of questions in order to try to get the most deductions possible. One cool thing that it did was it used the eBay valuation of items we donated to Goodwill and the Salvation Army this year to get the highest deduction possible on those donations.

In other taxation news, we discovered that my possible foray into my friendly neighborhood law school will be taxable next year, to the tune of roughly $21 grand in tuition benefits that the IRS views as taxable income. So, I guess the whole concept of getting a refund was fun while it lasted!