I just finished my taxes. Can anyone else say the same?
A couple of things went in my favor. I didn't start my job until late February which made my income low enough to take advantage of the student loan interest deduction. I also had one paycheck that I normally would have gotten 12/28 pushed to 01/01 which increased the % of the student loan interest I could deduct.
It was also nice to write off moving expenses. 20 cents per mile isn't bad.
My refund will be $843.90. The main reason for this is that I got a huge bonus combined with a regular paycheck while only claiming one allowance. Because of IRS regulations payroll treats the check like you make that every pay period. I didn't understand those rules, so I've been claiming 3 exceptions most of the year to narrow the gap as much as possible.
A couple of things went in my favor. I didn't start my job until late February which made my income low enough to take advantage of the student loan interest deduction. I also had one paycheck that I normally would have gotten 12/28 pushed to 01/01 which increased the % of the student loan interest I could deduct.
It was also nice to write off moving expenses. 20 cents per mile isn't bad.
My refund will be $843.90. The main reason for this is that I got a huge bonus combined with a regular paycheck while only claiming one allowance. Because of IRS regulations payroll treats the check like you make that every pay period. I didn't understand those rules, so I've been claiming 3 exceptions most of the year to narrow the gap as much as possible.
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