Originally Posted by bluetwo
So how much more complicated would my taxes be after I set up a mutual fund? Does that screw me in terms of the size of my return?
I filed my sh!t on January 15th. One of the good things about being in the Army is that everything is direct deposite. We have a site just for our paychecks where we can view our "check" a few days before it goes through, and we can pull our W2 off the site as soon as it posts. Usually around (Jan) the 10th through the 14th.
It doesn't complicate things too much. You're talking about a IRA or a RothIRA right? Well for IRA you could use a itemized deduction but I wouldn't bother unless your total itemized deduction is over the standard deduction. With RothIRA it doesn't affect your tax returns, since the funds are after tax.