What are you doing this weekend?
I’m doing my taxes! Yay!
(No, that wasn’t sarcasm.)
My last tax form is now available online, so this weekend, I will be doing my taxes and finding out just how well I estimated. I’m really hoping I estimated poorly and I get a chunk of money back, but I’m just not sure what’s going to happen. Mid-year, I sold off some mutual funds that I owned for a few years, and then repurchased them a month-ish later, per the recommendation of a broker. As he explained it, that meant I could take the capital loss on my taxes. It makes sense in theory, but we’ll see how it works out in practice. It would be nice, that’s for sure!
If I do get money back, it’s going straight into the vacation fund. A friend is getting married this summer in a place that will cost me around $500 to get to – and it’s not even a beautiful island paradise. I don’t want to miss her wedding, so I better start planning for that expense now. I’m also running the Disneyland Half-Marathon in September – more spending. But that should be a really fun trip, so it’s money well spent.
Hoping for a tax refund? What are your plans for that money?