WickedSmaat wrote:knapplc wrote:It's just you and your wife, right? No kids? No mortgage? At this point I'd say you should both claim one, then check out the adjustments at the end of this year to see where that got you.
You're going to be in a state of flux for the next year or two because of going out into the full-time workforce and any other variables (new baby, home, work write-offs, charitable donations, etc), but you need to watch what you're doing.
Yeah just me and the wife. I think I'm going to have to learn a lot about deducs and what I can write off. Would you think the best way to learn would be through a computer program, or by a book? Or just have someone like H&R do it?
And I would probably like to get the most out of my money even if it takes a little bit of work.
I would think there are tons of free resources out there where you could find information on the Internet. There's some good info at eHow.com. I don't pay for any info I don't have to, but we do have a financial planner who is helping us with our investments and retirement funds. I would suggest that if (like me) you're no expert at investing, taxes and the like.