Two out of three taxes done!

[MissB]

Dh and I sat down together and did our taxes this evening. Wasn’t horrible- yes, we owe but not unreasonably vast sums of money.

I worked with my oldest on getting his taxes done tonight. We finished around midnight his time. Maybe next year he’ll want to do his own. Works for me!

Youngest will call me in the morning so we can do his. I’m hoping he has his university tax form or can otherwise find it using his phone (he’s off climbing this month), otherwise I’ll have to file for an extension and guess at his taxes due. He’s just graduated from undergrad so this will be one of the last times I do his taxes with him (he was still a dependent last year but should earn enough this year to file his own next year as *not* a dependent.)

Whew. I’m just tired. I always wait until the last minute but this year we had some different inputs on our taxes that had me nervous. Not so nervous to sit down and do them until today, but still. Big relief.

[PoindexterOglethorpe]

1. Why aren't your sons doing their own taxes?

[MissB]

3. After tonight the oldest is ready to!

But I’ve been doing it while they are in college because they incurred some tax burden via their full rides. So I’ve always covered that for them. I make them sit through every step (pretty uncomplicated actually).

Youngest will have some tax burden next year from the last of his scholarship this year. Once that’s cleared, he’ll be doing his own.

It’s just the arrangement we’ve made- and they get to take it on for themselves once they’re fully out of undergrad and the tax year doesn’t have their scholarship.

[PoindexterOglethorpe]

7. Thank you for clarifying that.

As someone with grown sons, I do understand the issue of helping out versus making them independent. And thank you for your response. I've been in the position of helping my sons out, while knowing the were going to need to be on their own in the near future. It's not easy, we both know.

[Upthevibe]

2. Awesome!

I know what a relief it is. I had mine done a couple of months ago. It's so out of my wheelhouse that I have no desire at all to do my own.

I knew I was going to owe but thank God because of President Biden's American Rescue Plan it was about 1/2 of what it would've been.

[MissB]

4. That's fabulous!

Congrats on the lower tax burden!

Every year I think I’ll tackle it sooner than I actually do. But I have my tax forms all organized so it’s really quite fast once I sit down.

[Sogo]

5. I did mine today and filed about an hour ago.

Turbo Tax is a dream! I don’t know why I’ve been so late to the party for using it, but thank goodness I’m on board now....And I got to claim my $600 stimulus payment that I never received against what was due, so I’m a happy camper and will sleep well tonight.....

I finished and submitted my Masters thesis and my taxes, both this weekend! Yay!!

[roamer65]

6. At 18, I did all of my financial aid forms for university by myself.

That’s how i learned to do taxes. By reading my parents tax forms.

Very educational.

[drray23]

8. i have long decided that my time is not worth spending doing that.

We just pay HR block to do it for us. We show up at the appointment with all the papers and they do it, asking us questions as they go. The same lady has been doing them for us for the past decade. The cost is $200 or so but we like that we dont have to waste 3 hours or wonder if we did it correctly with the everchanging tax code.

[Old Crank]

9. Love filing taxes

Well maybe not.
I help my developmentally delayed daughter do hers by phone from Germany. She uses the free IRS service through HR Block. Previously I have used their software. I did taxes by hand before and for the first 2 years of using software to file. Just to see if there were differences.

I even took the classes to get certified to do taxes for other people. I was thinking of using that as a part time gig during retirement. Now I pay a professional to handle my taxes in Germany.

If you are lower income you can do you taxes free through the IRS. Don't know the upper income limit. That has worked well for my daughter for 6 years now.

[captain queeg]

10. What a relief to finish. Waited till the last minute the last couple years

When I was working I always did them early because I’d always get a refund. The first couple years after I retired I e had to pay due to taking money out of my 401. Long story there, but I’m getting a refund this years the first time in awhile. Did my federal taxes last night. I was so distracted I lost my phone. Was up half the night looking for it. I knew it had to be in my apartment. I managed to get ahold of my son and have him call me. I always leave the ringer off but fortunately I could hear the vibration down inside my armchair. It was way down in it, I’d already searched it a couple times but being right there when the call came in I could hear it. So last night was pretty stressful even though I finally got the taxes done. Finished state taxes tonite. What a relief!

[GoneOffShore]

11. Good for you! Our taxes are 'en train'. I have to poke my US accountant to get those done.

Our French taxes file 15 June.
Filing my FBAR today.

[underpants]

12. My wife did ours last night

There was a withholding screw up when I changed jobs last year and neither of us caught it. Big payment but then we had the money because we didn’t pay it during the year. State was a small amount.

[soothsayer]

13. I'm also two out of three done. Next up are mine.