Comments on: 3 Things I Learned From Doing My Own Taxes http://ptmoney.com/3-things-i-learned-from-doing-my-own-taxes/ Real Personal Finance for a Life Without Limits! Mon, 13 Feb 2012 03:00:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Philip Taylorhttp://ptmoney.com/3-things-i-learned-from-doing-my-own-taxes/comment-page-1/#comment-30462 Philip Taylor Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=391#comment-30462 @bigginskm How much did you make in those eight months? @bigginskm How much did you make in those eight months?

]]> By: bigginskmhttp://ptmoney.com/3-things-i-learned-from-doing-my-own-taxes/comment-page-1/#comment-30460 bigginskm Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=391#comment-30460 So I think I have ran into a huge problem. Im a single parent and I just got my my w2. I've filled out 6 w4 in my life and always need help. Getting to the point I saw that on my w2 the federal tax with held was only $2.40.I have been working there for 8 months and I knew something was wrong. Im gonna have a look at my w4 tomorrow. But I figured that since so much money was being with held from my check I was lookin forward to a good refund. Any suggestions? So I think I have ran into a huge problem. Im a single parent and I just got my my w2. I’ve filled out 6 w4 in my life and always need help. Getting to the point I saw that on my w2 the federal tax with held was only $2.40.I have been working there for 8 months and I knew something was wrong. Im gonna have a look at my w4 tomorrow. But I figured that since so much money was being with held from my check I was lookin forward to a good refund. Any suggestions?

]]> By: bigginskmhttp://ptmoney.com/3-things-i-learned-from-doing-my-own-taxes/comment-page-1/#comment-30461 bigginskm Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=391#comment-30461 So I think I have ran into a huge problem. Im a single parent and I just got my my w2. I've filled out 6 w4 in my life and always need help. Getting to the point I saw that on my w2 the federal tax with held was only $2.40.I have been working there for 8 months and I knew something was wrong. Im gonna have a look at my w4 tomorrow. But I figured that since so much money was being with held from my check I was lookin forward to a good refund. Any suggestions? So I think I have ran into a huge problem. Im a single parent and I just got my my w2. I’ve filled out 6 w4 in my life and always need help. Getting to the point I saw that on my w2 the federal tax with held was only $2.40.I have been working there for 8 months and I knew something was wrong. Im gonna have a look at my w4 tomorrow. But I figured that since so much money was being with held from my check I was lookin forward to a good refund. Any suggestions?

]]> By: Benhttp://ptmoney.com/3-things-i-learned-from-doing-my-own-taxes/comment-page-1/#comment-1301 Ben Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=391#comment-1301 Thanks ffor sharing that. I have my own mortgage brokerage, and I am starting to do my own taxes, so this will help. Thanks ffor sharing that. I have my own mortgage brokerage, and I am starting to do my own taxes, so this will help.

]]> By: Michaelhttp://ptmoney.com/3-things-i-learned-from-doing-my-own-taxes/comment-page-1/#comment-1299 Michael Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=391#comment-1299 Even though I might not be the best at my taxes (very simply this year, and had some help) I figured it was a great learning experience. Even though I might not be the best at my taxes (very simply this year, and had some help) I figured it was a great learning experience.

]]> By: PThttp://ptmoney.com/3-things-i-learned-from-doing-my-own-taxes/comment-page-1/#comment-1290 PT Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=391#comment-1290 @Shanti - yeah, i didn't break into the itemized deduction club yet either. next year we're sure to though with all the property tax we'll have paid.@courtney - i agree. the security that comes with having a CPA do it is well worth the price. next year I'm *probably* going to turn it back over to my Dad. @Shanti – yeah, i didn’t break into the itemized deduction club yet either. next year we’re sure to though with all the property tax we’ll have paid.

@courtney – i agree. the security that comes with having a CPA do it is well worth the price. next year I’m *probably* going to turn it back over to my Dad.

]]> By: courtneyhttp://ptmoney.com/3-things-i-learned-from-doing-my-own-taxes/comment-page-1/#comment-1288 courtney Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=391#comment-1288 I admire anyone that can prepare their own taxes, CPA or not. We pay someone to prepare ours and we probably always will; however, as far as I'm concerned it's money well spent for us. I admire anyone that can prepare their own taxes, CPA or not. We pay someone to prepare ours and we probably always will; however, as far as I’m concerned it’s money well spent for us.

]]> By: Shanti @ Antishayhttp://ptmoney.com/3-things-i-learned-from-doing-my-own-taxes/comment-page-1/#comment-1286 Shanti @ Antishay Thu, 01 Jan 1970 00:00:00 +0000 http://ptmoney.com/?p=391#comment-1286 Oh my goodness, I learned so much this year. This was the first year that the majority of my income came from working at home, and so I had to file a lot of 1099s and fill out schedule Cs. The number one thing I learned this year is that I need to track my mileage (non-reimbursed) for working at home - something that I didn't do this year. I tried to estimate, but it became too much of a headache. Apparently this can be deducted if it's enough, and this year it will be. I also didn't get to use my car donation as a deduction because my standard deduction was higher. That's something for people in the lower income brackets to learn! Oh my goodness, I learned so much this year. This was the first year that the majority of my income came from working at home, and so I had to file a lot of 1099s and fill out schedule Cs. The number one thing I learned this year is that I need to track my mileage (non-reimbursed) for working at home – something that I didn’t do this year. I tried to estimate, but it became too much of a headache. Apparently this can be deducted if it’s enough, and this year it will be. I also didn’t get to use my car donation as a deduction because my standard deduction was higher. That’s something for people in the lower income brackets to learn!

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