Why, of all the things a woman could look forward to, would I look forward to taxes? Last year’s taxes were so horrendous, they had in shedding tears of frustration. I could not contain myself. Something that you have to do over and over again should not be that hard. I don’t even own a lot of stuff or have a lot of money.
The cards were stacked against me, though. The first time I was left to my own devices in tax season was last year. I had to prepare taxes for 2012, the year I graduated college. The significance of this cannot be overstated as my life changed more that year than any before or since.
I had had three paying jobs in 2012, one in Iowa and two in Illinois. Of those jobs, only two took out taxes from my paycheck. Another of those jobs gave me a hiring bonus, which, while very gracious, added more complications to my taxes. My address changed, since I moved to Illinois and I had started to pay off my student loans.
It stresses me out to just think of what a clusterfuck that whole thing was. I had to file taxes for two states along with federal taxes. Sometimes, it was hard to know what I needed for each state. It was madness. My refund was non-existent. Anything I gained was lost because of the job that didn’t take out any taxes. I guess braking even is better than owing the government money. Still, and extra bonus around tax season would do wonders in restoring my budget to it’s pre-holiday glory.
Against my better judgement, I have hopes this year, associated with taxes. They are almost big enough to be considered high hopes. For once in my adult life, I have had one job – just one – throughout the year. While I did move, I stayed in the same state. Hell, I stayed in the same building. To top it off, I have been paying my student loans diligently for one full year. Not a month went by in 2013 without a quarter of my monthly income going to a loan agency (unenthusiastic yay…).
My peers have given me the impression that I get a tax rebate for some of the interest I paid on those damned loans. Is it too much to hope for that rebate to be a good chunk of money (‘good chunk’ defined as $1,000 or more)? Even a reasonable chunk (‘reasonable chunk’ defined as $500 – $1,000) would be nice.
I can’t imagine a worse tax experience than last year. I’m hoping things will be easier this year and that my only source of anxiety will be how long it takes to get my refund.
What was it like to taxes on your own for the first time? What was your worst tax experience? Do you panic about making a mistake that gets you in trouble with the IRS? How do you do you taxes? Do you use a program or do them yourself?