I Don’t Understand Taxes at All!
I posted it on Ask MeFi, but it’s worth a try here, too. With my math ability and IQ, I should be able to figure this out, but taxes have always eluded me.
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Update: I basically did my taxes over again completely tonight using a different online program, and I still get no refund. That can’t be right! I’m way too poor to get no refund. I took home like $20K, paid a couple thou in school loans, and I still owe?!!! I have a few trips I need to take, and I was hoping I could get a few plane tickets with my refund. Brother! What the hell am I going to do?!
Comment by Friendly Joe
March 25, 2006 @ 11:33 pm
Most people who don’t have a mortgage are better off filing with the standard deduction. There is the possibility that you tried to do both and the program you used deleted the standard deduction once it saw any itemized deduction. Thus, it left you with a lower total deduction and ergo, higher tax liability. All hypothesis since I don’t have anymore info than you provided. Some of the ideas on MeFi have merit as well. Contact a pro if you still have doubts. Your dad may have one he uses.