Been working our various paperwork through TurboTax in anticipation of filing our taxes.
For those unfamiliar with TurboTax, let me clarify a key point. As you work through the questions, a running tally in the corner lets you know how much your refund (in bright cheerful green text) or taxed due (in menacing deep scarlet) will be. Throughout the past few weeks, our refund has been hovering at around $2,000. Although it's varied plus or minus a coupla hundred bucks or so, it's always been there, staring me in the face.
Until this afternoon.
Joe brought home his W-2, and I rushed downstairs to enter it, eager to e-file our taxes and get our two grand.
What is it they say about counting one's chickens?
Apparently our various deductions (like mortgage and student loan interest) and our combined income increases (I'm now working .7 time not .5 time on the teacher salary scale.) have affected our tax situation more than I'd anticipated.
We now owe roughly $1,200, give or take a couple more pieces of data still outstanding.
Bummer. Guess we had the money all along throughout the year, rather than loaning it, interest-free, to George Bush. But still, I always did like me some tax refund.
TurboTax should hold your result in secret until you're all done and click "SHOW ME THE MONEY!" Then you aren't building up for something you're not really entitled to, yet.