Tuesday, March 5, 2024

The Tax Man Cometh

Tonight, Meg and I finished her taxes, thus completing the Heinisch family taxes for another year.  Meg's were the easiest, so it was a great way to end.  Cameron and Brett's were also pretty easy, but since this was Cameron's first year filing taxes and Brett's company was sold, we had to double check all of their entries.  Doug and mine were more complicated than in years past because we sold the house and lot, moved, opened several new accounts, calculated the best amount for us to contribute to my IRA to get the maximum refund and researched extensively to see if we could get a credit for our new energy efficient air conditioner.  Cal's were the hardest, however, as he bought and sold stocks and bitcoin this year both giving him a capital loss.  That was new to both of us, but we figured it out before he filed.  

In the end there were so many positives this year that tax season was a lot better than in the past.  First, this should be the last year that any of us have to file in two different states for awhile.  Second, each one of us got a refund with Meg earning the most due to the college tuition credit that she received this year.  Lastly, I learned a lot this year that really helped out our family.  It felt very nice to be a contributor to our family's success over this  past year.   

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