Sunlit Water

March 10, 2013

Taxation

Filed under: Personal — by teofilo @ 8:44 pm

I did my taxes today. It was more complicated than usual because I used my Americorps education awards last year, and they count as taxable “miscellaneous” income, so I had to use the full 1040 rather than the 1040EZ. On the plus side, since I used the awards toward my student loans, I got to deduct some of the interest paid. Overall, though, I had to pay some money rather than receiving a refund. This is the first time that’s happened to me. Still, it wasn’t that much, and with the money I’m making now I can easily afford it. I sure am glad I put off using those awards until I had a decent job, though.

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