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Taxes are a good thing?


Two things learned tonight. One, TurboTax rocks - I finished both our taxes very quickly tonight; and two, buying a house rocks even more - we're getting mucho buckage back. Hooray! :D

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( 4 comments — Comment )
xiaomozi666
Apr. 16th, 2007 04:12 am (UTC)
I totally agree with you. TurboTax does ROCKs ASS!!!!
kproche
Apr. 16th, 2007 04:34 am (UTC)
We switched to TaxCut because of the horrible problems the anti-copying spyware on TurboTax can cause.

They're both pretty darned handy.
logisticslad
Apr. 16th, 2007 05:22 am (UTC)
Having a mortgage is one of the few tax breaks available these days, and it is very sweet when one can take advantage of it. My tax refund has been used to make further home improvements. Something else to remember is that money spent on home improvements can be deducted against your capital gains when you sell your house. So make sure to save those receipts...
darrelx
Apr. 16th, 2007 11:47 pm (UTC)
Home ownership rocks.
Make it even better: since you know your mortgage interest is deductable, increase the number of deductions on your W4 filed with your employer, and have them take less money out of your check.

Why give the Govt a 0% loan for a whole year? That's virtually the same thing when you have a large refund coming.

TurboTax Deluxe even has a calculator for figuring your W4 for you (Don't know if you bought the deluxe version or not).

... Then again, you might want to wait one more year to make sure the numbers even out, and even then, let your employer deduct a "little" extra so that you are sure not to *owe* taxes at the end of the year.
( 4 comments — Comment )

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