kcguy
Jr. Member
Posts: 1,032
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« on: March 22, 2014, 05:49:19 PM » |
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I've done my own since 1995 (when I was 25)--and I still do it on paper--but this year was the first that I started to regret it.
First of all, I bought a home 3 years ago. Because of my mortgage payments, I now itemize my deductions, which makes my taxes much more complicated than they were when I was renting. (Because of itemizing, I even have to declare my previous year's state tax refund.)
On top of that, my employer switched to Health Savings Accounts last year, which means I am required to file a form listing the total contributions and total outlays to my HSA, even though the numbers have no effect on the actual taxes paid.
The one good thing about doing my own taxes the old-fashioned way is that I know EXACTLY how my taxes are being calculated, which I suspect most people don't have a clue about.
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