I remember about eight years ago when I first started working my first professional job and was actually looking forward to tax season. Up until then from what I had witnessed with my parents and other relatives, tax season to adults was like what Christmas is to a toddler. That was the “real” most wonderful time of the year. I didn’t understand much about taxes, but quickly learned that because I didn’t have kids, was no longer in school, not paying student loans, barely had any deductions and was a tax bracket above broke that I qualified for a little something in return but definitely would not be doing the dougie to “This Is How We Do It” like the dude in the Jackson Hewitt commercial.
I drove home in tears crying to my friend on the phone, “What am I doing wrong?” But once I started to understand a little more about taxes, I learned I wasn’t really doing anything wrong. When I figured out tax season wasn’t meant for the single working woman, I was a lot less emotional during tax time. Now admittedly I’m a still a little bitter, but I am better prepared and I realize that without many deductibles I’ll end up owing every tax season because of my writing hustle, and that’s OK now that I know what to expect. But for all of you who are lucky enough to come into a little extra sometime soon, I need to you to spend responsibly for all of us who have to actually budget for big items and can’t lose our mind for 3 months out the year. Here are 12 ways I’m sure some people will waste their tax returns this year: