A few weeks ago I was handling up on some bidness, part of which was providing my last three tax returns. I had printed out the 2 page forms from TurboTax. The person I was meeting with was confused and asked me "Is this all there is?". She said usually someone at my income level has a more complicated return. She's a lawery type and sees a lot of tax returns. If she raised an eyebrow at mine then it's probably worth it to me to evaluate my financial situation and see if I can (or need) to do something to improve it.
I stopped going to H&R Block years ago because I got tired of giving them $100 for something I could easily do, now made even easier with TurboTax. But SHOULD I have a more complicated return? Should I be going to a CPA? Will they find things that I do in my normal everything life that can help reduce my taxes?
I don't really have a portfolio outside of my 401k. I've got a small Roth IRA and I signed up with M1 earlier this year but it will be awhile before that account grows into anything significant. I try to claim medical expenses every year but it's always below the minimum so I don't get any deductions for it. We don't have childcare expenses anymore so I don't get a break there either. When I do my taxes in TurboTax, I take all the questionnaires looking for deductions but never qualify for anything.
I'm starting to think there are things I should be doing at this point that will help get me in a better financial situation. I don't live paycheck to paycheck but it seems like at this point I should have some of my money making more money for me than it currently is.
Am I the only person that's not going to be able to retire at 55?
_________________ Portfolio has been updated! (12/11) Someone put my fat ass to work! http://cargocollective.com/sweetgreggo
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