2007 Taxes: Finished
I finished doing our 2007 taxes today. Papers are printed out, two checks need to be written, and on Monday we’ll mail the taxes and checks out to the federal government and the state of Colorado. I was hoping that our checks would be smaller together, but I am proud to say that our federal check is only $100.00. Given that I have had to send thousands in past years, this means that we’ve managed to calculate, pay and balance our tax cycle. Our state check was higher, but next year I think we’ll have it nailed pat. Furthermore, since we are sending in less in taxes we’ll have more money to put down on our debt reduction snowball!
I don’t love taxes, but I sure do love having gotten the numbers closer this year. As weird as it sounds I can’t wait to find out about next year’s taxes because I’m ready to be even closer (or possibly get a very, very small refund check because we maximized deductions and credits). I believe there are a few more things that are certain besides death & taxes, but I’m glad to have 2007 behind me.
Bonus: The number one thing that ended up saving me more than I expected (for some ignorant reason) was donations. We donated stuff to Goodwill as well as supporting various missionaries, our church, and World Vision. If you’re looking for ways to make your 2008 count, this may be a good way to do so.
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