Quote:
Originally Posted by okie mom
Did you itemize or use the standard deduction? I'm still debating on that one myself.
I hate having to wait until the 29th for the hybrid tax form to be available!!!
Too bad the Fed Hybrid credit doesn't roll over like the Oklahoma one does.
P.S. are you going to mail your Oklahoma form or e-file? I'm still thinking about that one.
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For now I don't have enough itemized deductions, maybe next year when I'm a homeowner, so the Std is better for me now.
I noticed it said the form is not available until the 29th, does that mean I can't even file until then?
I know, I wish the Fed had roll-over, but on the bright side I get state that I was not planning on, so in that case I actually made $200 more than I planned on getting from the Fed!
I haven't decided yet, Turbo Tax is like $23 to e-file, I can fill out the state forms fairly easily and save me the little bit of cash. Luckily this year I don't
need the refund like I have in previous years, it's going into a savings account to accure interest while we make final plans to build our steel framed house, hopefully starting this spring! (as soon as probate is over & I can apply for a loan).
All in all not bad. $28.4 total for the FEH including warrenty (minus tags) - $3200 tax credit - $14k owed on trade in minivan getting 17mpgs = payoff will start in just about 13-14 years at these near $3/gal prices.
Net I paid $11k more than I owed on the mini van to gain 30+mpg; but I also now own a $25k+ net worth vehicle that retains resale value better than the quickly declining value of a minivan!