Taxes Are Done
Posted on: March 23, 2009 by Matt
I have been meaning to get my taxes done for a couple of months now and finally decided to give H&R Block a call. I called them earlier in the week and scheduled some time on Saturday to go in and have them take a look at my taxes. Normally – I have no problem filing myself but this year I moved and continued to work for a company in another state. This lead to being a resident of two different states and paying income tax in one state only. I was worried about the risk of error and figured I would give the work to a professional.
Overall – I was pleasantly surprised with the entire experience. The cost of having my taxes prepared was a bit higher than I thought it should be at $233 but the cost was offset by the increase in return due to deductions I was not aware I could claim. There was about a $400 increase in my federal return from working with H&R Block so I still ended up in a better position than I expected.
The state items on the other hand appear to be pretty close to a wash. The state of Colorado will owe me about $1,500 and the state Vermont will want just about that much back. After getting the states all taken care of I get to keep about $40 as a middle man fee.
Finally – I was able to save some time having someone else handle my taxes for me. In previous years I have spent about two or three hours to get my taxes done and reviewed. On Saturday I was at the H&R Block office for about 45 minutes. Not too bad – I could complain about the fee being so high for such a short amount of time but I prefer to look at it as investing in time for myself!
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TagsAdd new tag, Financial Team, Personal Finance, Taxes, Tips Filed Under: Banking, Budget, Expenses, Extra Income
That’s pretty good; I haven’t done the taxes yet myself; but I usually still do it myself because I like to learn about the process – and keep the cost as minimal as possible, so I use nearly free online programs… they’ve worked for me for the last 7 years or so. In Canada I use ufile.ca which is really amazing and user-friendly.
Just stumbled your blog; hope it did something – it will eventually. I’m on StumbleUpon under “fluomundi” – come say hi if you’re there.
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