Back in the olden days, when all you had was a form, pencil, eraser and your calculator, it was way too much hassle to “work the numbers”. You figured it out, put the numbers where they belonged, calculated the numbers to make sure you got your addition and subtraction correct and you went with it.
I doubt anyone tried adding more or less to anything, to see if they could get more money by doing so. Unless they were really, really good at math.
As I was working through our income taxes a couple of weekends ago, I thought of the commercials on television and how they make it seem romantic to do taxes. Abracadabra! These tax programs make sure you get the most money you have coming to you! But what if you end up owing? All the magic sort of drains away.
I personally felt kind of nervous watching that amount go up and down as I worked through the questions.
If your taxes are straight forward – if you have only a W2 and that’s it, there’s not much you can do to work the numbers. But if you are filing filing Schedule C (and if you’re a blogger earning income, you should be claiming all your income and paying taxes on it), it’s very easy to enter different amounts to see how your refund/payment will be affected.
I’m just surprised that more people don’t cheat while using these tax programs.
How did you file your taxes this year? Online with e-file, did you buy a program or did you send in the forms?