Taxes Filed: $3,600 headed to savings
All that procrastination for 30 minutes of work to get the taxes filed. We used Turbo Tax for free e-file thanks to a link from our bank — maybe it’s free anyways. We then e-filed through our state’s website, also for free.
The Maryland website was terrible and made the whole e-file process rather nerve wracking because I wasn’t sure if I was filling things out right or not. I took solace in the fact that the numbers were pretty close to the ones I wrote up on paper and figured that despite the visually complicated process that things were filed correctly.
I’m still kicking myself for not doing this sooner, but at least it is done now. Hopefully we’ll have a refund earning interest in a couple weeks.
Overall, filing taxes reminds me that I really need to track some expenses and tack itemized deductions next year. There are so many areas where we could take deductions but haven’t kept receipts and good files in the past. Plus, we’ll have business income to report and it looks like it’ll be a break-even year since I’m still spending more on business expenses than what is coming in. I need to also figure out what business taxes I will owe too and make sure that I file them regularly to avoid in late penalties.