No, but legally.
You're probably going to send snakes to hide in my shoes Kevin, but I have never once owed money to the government. Every year I get everything back. I made use of my parents' accountant, and now I do my own taxes.
My secrets:
Put the maximum amount in an IRA.
Had money deducted from my paycheck for medical expenses.
Claims and deductions:
a) medical things like prescriptions
b) charitable donations (I get itemized lists for clothes and furniture from the charities, and receipts for money)
c) moving expenses (moved back and forth from Alaska)
d) be listed as an independent student (even though I had a good paying full time job, I got everything back as I paid for school myself out of pocket, my parents didn't claim me)
e) get the credit for hope scholarship, and the lifetime learning credits
f) losses from investments
g) got a student loan for credit purposes, and paying it back also lowered my taxes
It takes time to do all these things, but it is worth it in the end.
Allegedly, there are forms Alaskans could fill out to receive refunds on sales tax paid elsewhere, but I never looked into it. If I am in a community using their services, I am going to gladly pitch in.
ETA: I received the Alaska Permanent Fund Dividend (money from oil all qualified residents receive), and there is a program to buy tuition credits at the current price. One year the PFD was near $2,000 and I bought a whole year of school. It was $70 for a lower division credit, and 77 for upper division. I paid for a whole year of school with that and left over money. The credits never expire either.
Last edited by aurora_borealis; 08-05-2004 at 01:21 PM.
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