My husband and I have always had fairly complicated taxes. Between a home purchase, car taxes, and lifetime learning credits for school, we have been unable to prepare our own since we married.
This year, our taxes have simplified a bit and I think we may be able to prepare them using tax software. I’ve never done this before and I’m a bit concerned about my abilities. Heck, I hardly trust myself to calculate the proper tip at a restaurant – and miscalculations of tips don’t generally result in jail time or huge fines.
But I’m motivated by one thing…
Doesn’t seem like much… until I realized that is how much we pay our accountant per MINUTE to prepare our taxes. It adds up very quickly.
Suddenly, TurboTax for $53 on Amazon or $49 at Costco seems like a steal.
How do you prepare your taxes? Have you somehow managed to prepare them yourself without a Masters in Accounting?
What do we generally report? Mortgage/taxes, student loan interest, student books and fees, car registration, etc.