This morning I completed our 2010 taxes at work. The wife and I file together as a couple and we itemize deductions to get a better refund. I been using TaxAct Online for the past 9 years for free but this year I had to pay $9.95 due to a large number of stock transactions last year. As soon as I clicked on the signature to file, I got an email saying the tax return was accepted by the IRS:
Our refund this year was only $1,900. I think last year we got close to $2,200. I'm not going to look in to the different too much, I'm just glad we are getting some money back. Most of that money will go my Citi Forward credit card or I might splurge a little and go buy some new clothes.
Some people say we are lending the government interest free money every year but I rather get a lump sum from Uncle Sam than to get that money every month. The advantage of having a large payment helps us to make a nice dent on our debt.
How much was your refund and where is your money going?