Tuesday, February 17, 2009

Tax Time Part 2

My husband and I went to have our taxes done today. We handed our accountant all the paperwork and should hear back on the results in a couple of weeks. It's going to be hard to wait, I SO want to know now. I'm nervous that we may end up owing taxes this year.

There have been some changes since my first post on Taxes and I thought I would follow up with the new information. As you might know by now, Obama's Stimulus Package is now signed. Don't worry, I'm not getting into my feelings on that whole thing here, I only mention it because that has an affect on taxes as well. You might recall in my other post I mentioned the $7,500 tax credit for buying a house this year or last year. That has been been increased for this year to $8,000 and, best of all, is no longer a loan that has to be paid back.

Also as a reminder, in order to have the best shot at getting grants, scholarships, and other financial help through FAFSA, taxes should be done and entered by March 1st. I'm not sure if I will make this deadline myself but I will enter the information as soon as I can.


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