Wednesday, February 04, 2009

Tax Retrun '08

This year was easy, I only had one W2 form, nor did I anticipate owing the government money. So instead of waiting till April (like I do every year), last night I finished my '08 tax return.

Last year I had to file for two different state tax return and include a bunch of random crap that went down including moving reimbursement, student loans, tuition payments, a 401k from Los Alamos... etc. On Justin's recommendation (or maybe it was Lisa's) I filed using Turbo Tax - the whole thing took for ever but was likely much less painful than if I'd attempted to do it all my self.

This year because Turbo Tax had last years return on record the whole process only took... maybe 30 minutes.

Hold your breath just a little longer failing economy - me and my tax return are coming!

1 comment:

milkman said...

Warren Buffet recommends taking as long as possible to pay your tax debt. That means witholding $0 and paying it in a lump sum when the deadline closes. The government is essentially letting you make free money on interest during this time.

Personally I go a little safer and try to aim for $0 every year. Maybe at some point I'll drop the witholding down to nothing but for now it's best to break even.