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Frustrated - Taxes

January 29th, 2011 at 01:45 pm

I decided to do my taxes today. Last year I filed around 1/31 and bypassed the State IOU mess. I got my refund within a week, probably.

Was my plan again for this year, but when I tried to e-file the state tax return, my employer's software wouldn't let me. IT seemed the problem was the kids' investment income (small beans and not taxable). I didn't even have to file this info with the Feds, but appeared maybe I had to for state. I decided to just take that off and try again. Still no go. It wouldn't take it simply because Fed wouldn't take it (they won't take my return until 2/14 because of all these last minute tax changes - many are in the same boat). Rolleyes

So I decided to paper file. After I got it all ready, I looked up the turn around time. I honestly think they greatly exaggerated to discourage paper filing, but the state website said 8 weeks to get paper filed refunds. Rolleyes

I set it back to e-file and will try again later.

What a waste of time today. I could have looked that up sooner and saved some headache. *sigh*

All that said, with all our medical bills in 2010, I knew our taxes would be lower. We had about $1500 in refunds and so we decided to add $2k to my regular IRA (the one I had opened for my work retirement rollover. I didn't have a regular IRA otherwise, so no real motivation to contribute, before). With the IRA deduction, I had estimated our refunds at about $1950 or so (to fund the IRA). Once I finalized everything, the end result was literally $1990. Thankfully, most of that is Feds, but a chunk is from the state. I don't want to deal with this IOU B.S., so will keep checking the software for updates and keep my fingers crossed.

1 Responses to “Frustrated - Taxes”

  1. FrugalTexan75 Says:

    I filled out my taxes a few weeks ago, but I can't file yet due to the lifetime learning credit.

    It would be frustrating to fill them out twice for naught like you did. Well, at least they're done, right? Smile

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