Sunday, March 9, 2008

TAXES ARE DONE! (And a few surprises too!)



My taxes are done! I'm a bit poorer, but it wasn't too bad thanks to a refund from the State of Virginia. I think total outlay of cash for taxes owed included the turbo tax e-filing fee came to $95.00. I really think I dodged a bullet. We've already lowered our deduction amounts. I'm really scared that our taxes will skyrocket once a new administration gets voted into The White House. For now, though, I will make sure that I pay as much as I can ahead of time so I'm not caught owing next year.

Something interesting happened, however, because I waited to complete my taxes. I was able to download some upgrades to Turbo Tax. And, they included the Economic Stimulus Rebate calculation. After I finished, it brought me to a screen to tell me exactly how much I'm getting back. To my surprise, our family will receive $256.00! I thought it would be $0, so this is good thing. If you haven't finished your taxes, and you are using Turbo Tax, download all of the upgrades....you'll be able to see exactly how much you will be getting!

3 comments:

CT Mom said...

Hi Sharon - even though I finished my taxes last month, I was able to download the Turbotax upgrades and check what our rebate will be --- grand total:$0. Not a problem, wasn't expecting anything anyway :-)

Sharon said...

CT Mom,
I was shocked we are getting $256! I'm trying to figure out how they calculate it...

Canadian Saver said...

$256 is great! Way to go on getting those taxes done!