Yet another journal-type place for Darcy to rant, rave, and/or recuperate from the world.

Monday, January 28, 2008

Taxes Suck When You're Out on Your Own

Seriously.

I filed my taxes online yesterday, hoping to get at least half the returns I got last year (about $1,100 for federal, and about $200 for state). No dice. It seems that moving out of my parents' house is bad for my tax return.

I have to pay the IRS $8 this year, and the Comptroller of Maryland gets $88 of my hard-earned paycheck this coming weekend. Add to that the $7.77 I had to pay CitizenTax to e-File the Federal return, and that comes to $103.77 total tax costs for me this year.

I was so hoping I could split my returns two or three ways and take a substantial chunk out of my various debts (especially my car payment), but alas, 'tis not to be.

This totally sucks.

4 comments:

  1. I'd have used TurboTax...Though I've only seen Taxcut and Turbotax compared to one another, Taxcut screws u over and Turbotax was rated highest in coming up with the MOST deductions possible.
    Did you deduct tithing from your taxes? It falls under charitable donation. You may want to refile if you didn't.

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  2. I didn't have enough deductions to itemize effectively. In fact, I think I had less than $500 worth of deductions over all.

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  3. What tax program did you use again?
    I know you can deduct tithing under charitable contribution. You can deduct co-payments for medications and doctors visits.
    If you ran your own business, like if you got a dba - doing business as - and you put a bumper sticker on your car then you could deduct a portion of your car payments as well.

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  4. I didn't use a program; I did it online. First, I went to CitizenTax.com (the site I went to last year), which was recommended to me at the IRS website, to do my federal taxes. Then, I went to the website for the Comptroller of Maryland to do my state/local taxes.

    Even with the co-payments for doctor visits and such, I didn't have nearly enough deductions to itemize--you have to have something over either $2,000 or $5,000 (can't remember which) in order to itemize and have it count in your favor.

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