The Weight of Money

It is almost time to look at our taxes and, for the first time, I’m actually worried about what I’ll find. This is probably an irrational fear because I’ve never had taxes turn out negatively for me. However, I’m getting in W-2s and am pretty surprised at the deductions taken for taxes (small red flags). Also, I was very surprised to see that the partner had not adjust his withholdings when we wed last year and is still having taxes withheld at the single person rate (add that to the immediate to-do list).

So, I’m anxiously waiting to get in all the relevant tax forms from investments and all of that good stuff. I’ve never done taxes as complicated as this (multiple investment accounts, savings accounts, student loan interest) but figure that it’ll probably be easy enough. However, I want to get cracking because I want to know if we’re gonna have to come up with some more cash for last year’s taxes.

Also, since the partner takes his taxes to be prepared, I think we’ve agreed that I’ll work up the numbers and they we’ll go and see what the professional has to say. If we come out the same, then we’ll no longer use a preparation service. However, if I’ve clearly missed some major deductions we could have taken, then we’ll keep using a tax service (or, reality wise, I’ll beef up my income tax knowledge). The tax service option isn’t my idea, instead I’m trying to deal with some concerns (fears) the partner has about the ability for anyone to do their own taxes. Maybe, come next month, he’ll accept that my preparation is good enough and we’ll drop the comparison point (and save the cash).

This entry was posted on Thursday, February 1st, 2007 at 8:45 am and is filed under income, relationships. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.