{"id":1394,"date":"2011-04-13T18:59:02","date_gmt":"2011-04-13T22:59:02","guid":{"rendered":"http:\/\/beccablogs.com\/?p=1394"},"modified":"2011-04-13T18:59:02","modified_gmt":"2011-04-13T22:59:02","slug":"taxes-paying-for-the-first-time-in-ages","status":"publish","type":"post","link":"http:\/\/beccablogs.com\/?p=1394","title":{"rendered":"Taxes: Paying for the First Time in Ages"},"content":{"rendered":"

Every year for as long as I can remember I have done my taxes myself on taxact.com<\/a><\/strong> and gotten a nice refund back. I even turned my not so tech loving hubby on to taxact a few years ago. This year we had a ton of things for our taxes, not to mention our first year filing jointly.<\/p>\n

After spending a few weeks waiting for all our W-2s and his 1099, I plugged in everything as usual and didn’t like the resulting number in red glaring back at me. A number that we owed. Ouch. Stupid 1099, even for 4 months, cost us a fortune.<\/p>\n

Gone are the days of getting back $2-3k. Hopefully temporarily.<\/p>\n

We held off on filing hoping a solution would appear to reduce that horrible number. Well, yesterday we went to H&R Block<\/a><\/strong> which, while helpful, was also EXPENSIVE. We spent a couple of hours working with 3 ladies who knew various things about 1099s and managed to reduce that horrible amount owed by about $300. However, in the end we owed them $350 in fees. Um, what?<\/p>\n

We also learned from the client at the next booth that adopting a child earns you about<\/del> up to $10k in a refund. Wow. I had no idea. And we want to adopt siblings. Insane. But also I’m sure there’s people that foster\/ adopt just for the money. Sorry, tangent…<\/p>\n

It was a very expensive lesson to learn, but from now on you can bet I know how to track all our deductions and expenses from his 1099. And with my new job, I might have a 1099 as well. Ugh.<\/p>\n

If you or your spouse\/significant other are a 1099 employee, how do you track expenses, etc? I need to implement a system immediately and find receipts from the past 4.5 months. For once I’m thankful for hubby’s pack rat wallet tendencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Every year for as long as I can remember I have done my taxes myself on taxact.com and gotten a nice refund back. I even turned my not so tech loving hubby on to taxact a few years ago. This year we had a ton of things for our taxes, not to mention our first […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[8,57,84],"tags":[],"class_list":["post-1394","post","type-post","status-publish","format-standard","hentry","category-adoption","category-money","category-steve"],"_links":{"self":[{"href":"http:\/\/beccablogs.com\/index.php?rest_route=\/wp\/v2\/posts\/1394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/beccablogs.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beccablogs.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beccablogs.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/beccablogs.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1394"}],"version-history":[{"count":0,"href":"http:\/\/beccablogs.com\/index.php?rest_route=\/wp\/v2\/posts\/1394\/revisions"}],"wp:attachment":[{"href":"http:\/\/beccablogs.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beccablogs.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1394"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beccablogs.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}