bill_schubert: (Default)
A check for $123 arrived without explanation.  $3 of it was 'interest' so I'm guessing it is what I overpaid this time last year when I had to file for an extension.  Since I have no idea what my last document is going to be (positive or negative) it is a crap shoot.  The IRS gives me better interest than my bank so if I overpay there at least I get it back with a little extra.  Of course it means next year I have to pay taxes on that $3.  They send me a 1099-int form.   Amazing.

And the local appraisal came out.  Fortunately there is a 10% cap on any homestead.  Otherwise my house would have gone up in appraised value by about 35% and I would have been taxed on that.  

It is the Elon Musk effect.  Just having a Tesla factory on the other side of the county has resulted in housing values that are ridiculous and likely to continue to be so.  Eventually the bubble will pop and if not, it will fund my nursing home.  Meanwhile I get to pay about $65 more a month this year.  Likely about the same increase every year unless/until it crashes.
bill_schubert: (Default)
I finally gave my money to Intuit as I filed my extension today.  As much as I wanted to dump them, their software is still better and their price actually a bit cheaper than H&R and TaxSlayer, both of which I also tried.  Part of it is I'm used to the software since I worked in a support role last year.  Part of it is it sucked up my last year's return and did a pretty good job importing the most critical info.  I've got a couple of weird things, a long term capital loss that will span my lifetime and a couple of partial oil incomes all of which belong to Dana.  There are a lot of questions with those that Intuit kind of figures out better than the others.

So my extension is filed as I wait for the company that absorbed mine to send the form saying what is the result of my 3% in the company.  Hopefully they will again file a loss and it will wipe out what I'm currently paying.  But that won't happen until next October when they finally get around to finishing their books.  It takes a while to do a crappy job.

But I'm satisfied that my numbers are right and I'm paying about the right amount and I know what is next.  All good for another year.

We came close to itemization and may actually be itemizing next year.  Medical bills are increasing year over year and I came within a few thousand of the standard deduction which is all I've ever taken.  So for the balance of this year I'm getting receipts for anything and everything.  A huge benefit of using a single credit card is end of year compilations of  numbers like health care.  

Now to cool my brain down.

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