I filed my taxes last night. It was very simple and I used H&R Block Tax Cut Premium. I usually use the regular edition but since I bought the house this year I figured maybe its time to upgrade.
According to the Taxcut I saved $1500.00 by deducting my mortgage interest, student loans, and contributing to a tax deferred retirement plan.
But the even better news is that with the first time homebuyers credit my refund will be $8239.00.
What I am going to do is put that money right into my emergency fund, although I may take $1000.00 and apply it to my car loan. I want my car paid off by the summer- its my #1 goal for 2009!
I also need to buy a plane ticket to Panama, but at only $356.00 round trip, I could actually pay for it out of my paycheck.
What would you do with an $8000 refund?
until next time, think prosperous thoughts