Hi everybody, tax time! I went through the hassle of filing all of my many W-2s, 1099’s and multiple state returns. After all was said and done, I ended up paying about $100 to TurboTax for all of the various extra calculations the program had to do. Something to keep in mind, if you are working as a “non-employee” and will be filing a 1099-MISC, (or any other 1099) is to save your receipts religiously. All of your receipts. When filing, you can claim your purchases as deductions, including your expenses for travel, cell phone costs, food (in certain circumstances), supplies, hotels, clothing, electronics, etc. This can really make a difference, especially if you made a decent amount from the job. Without these deductibles, you will likely be paying a hefty lump sum in income tax, since you haven’t been automatically paying over time in your paycheck as with a W-2.
$500 should be magically appearing in my account in the next few days. I’m looking forward to using $75 of the money to jump start a gym membership (as a little birthday gift to myself! Here comes 26), $100 to kill a chunk of my private loan, $200 to my parents for having shipped my jalopy of a car to Florida a few months ago, and the meager remainder to go into my savings, where I hope to leave it alone and let it magnetize more cash. I had hoped for a lot more money because I still need a computer, and I am getting itchy feet for more education and a fresh new lifestyle. I suppose this is just one more fire under my rear to get me looking for additional income.
dollarsplease 