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Monday, February 17, 2020

Taxman

Taxes are here.

I subscribe to the do your own taxes school.  I use H&R Block for my tax software and have for many year.  They have been very good and providing support in the past if I have ever need questions answered.

I usually go through this routine.  I create a 20## folder and collect all taxable documents throughout the year.  Then around now I go to all my site and download the tax documents and keep in a tax folder.  

I run through the software and input all the information.  "The average refund in 2018 was $2,135; this year, the number stands at $1,949" -time.com.  So far for Federal we owe ~5500 WTF. No clue what happened.  We usually get money back from the State and will find out how much soon.  

I usually review and go over it a couple of times.  Well one thing it did bring up was my wife has at a high exception when I though so we lowered that. 

This is also a good time to review your investment allocations.  

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