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I Love You, Student Loans! - Abadoss' Mind
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Mon, Apr. 14th, 2008 09:13 pm
I Love You, Student Loans!

To be honest, I never thought I'd ever be thankful for having student debt. I'm sure many of you are aware of - and some paniced by - the fact that today, April 15th, is the day when tax forms are due. I was particularly freaked out because of my situation regarding a certain sum being owed to the government because of my... inconsiderate employers messing up my W-4. I had prepared my taxes online, but the site I was using wouldn't allow me to set up a payment plan - only the full amount would suffice. So, I'd put off doing anything until I figured out what to do.

Turns out, Jeremy had also put off his taxes - not for the same reason - and decided to fill them out, what would now be, yesterday. The site that he does taxes on includes a rather interesting section that I hadn't noticed on my tax site. There seemed to be a section devoted to Education Deductions. Well, turns out, if you paid tuition - not referring to paying off loans, but to the expenses that the loans cover - you are eligible for up to $4000 in deductions.

When I heard that Jeremy had done that, I asked him which site he was using, transferred my tax info over to it, filled it out up to the point of that section, and then went diving through all my old mail to find my tuition statement for 2007. Now, under normal circumstances, I'd be kind of pissed off by the results of my taxes. However, in light of what they might have been, I am elated. I went from owing the government $353 to being owed $15. I also had to pay $60 to the state of Oregon, but compared to $353, that's cakewalk.

Needless to say, I am wonderfully relieved. I'm also looking forward to my incentive check - which now won't go to paying off my taxes. Of course, Jeremy's tax return is going to be amazing. Yet, while I'm tempted to be envious, I can't help but be thankful for the near miss on this practically certain fíasco.

Next thing on my list; going down to the district office on Wednesday to correct my W-4.

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Current Mood: relieved relieved
Current Music: "Penny Lane" -The Beatles