fullygoldy (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
fullygoldy) wrote2007-04-11 12:40 am
fullygoldy) wrote2007-04-11 12:40 am
2006 Taxes are Filed!!
Man! I totally dragged my feet on this one, but tonight I just decided to gut it out and finish. There were a few minutes of panic when TurboTax announced we owed WI $3800 (!!), but after careful review, I found where I had neglected to enter the state withholdings into my W-2 section. Whew! Once that was done, we had a substantial REFUND! woot. It made sense too, because the state refund is always bigger than the federal for us.
The one thing that annoys me about TurboTax is that it calculates your refund or amount due on the upper corner of the screen so that every time you make a change, that number could also change. When I thought I was finally done, and knew what my state return would be, I pressed one last button and it changed again! I have no idea why, but it added $150 to my refund. Weird.
So now comes the annual debate over what to do with the refunds. I'd like to knock out some of the smaller medical balances and get them over with (ambulance, my mammogram, kl's physical), or we could use the money to pay down our line of equity balance. Which actually makes more sense because there's no interest accruing against the medical balances.
But, we've been working on an investment plan, and the refund could get some things we want to do off the ground. Which, if they go well, will allow us to pay all of the above. So there's the conundrum. I hate carrying debt. But I'd like to generate some extra income. What to do, what to do? I suspect DH and I will be having heavy discussions about this for the next couple of weeks.
The one thing that annoys me about TurboTax is that it calculates your refund or amount due on the upper corner of the screen so that every time you make a change, that number could also change. When I thought I was finally done, and knew what my state return would be, I pressed one last button and it changed again! I have no idea why, but it added $150 to my refund. Weird.
So now comes the annual debate over what to do with the refunds. I'd like to knock out some of the smaller medical balances and get them over with (ambulance, my mammogram, kl's physical), or we could use the money to pay down our line of equity balance. Which actually makes more sense because there's no interest accruing against the medical balances.
But, we've been working on an investment plan, and the refund could get some things we want to do off the ground. Which, if they go well, will allow us to pay all of the above. So there's the conundrum. I hate carrying debt. But I'd like to generate some extra income. What to do, what to do? I suspect DH and I will be having heavy discussions about this for the next couple of weeks.
Turbo Tax
no subject
If it were me, I'd pay down something that was accruing interest AND set some aside for one investment or project that is certain to generate some income or get me closer to that goal. (Snark! how poly!)