Weekend Assignment #55: The IRS, in its infinite wisdom, is allowing you to deduct one thing from your taxes that you haven't been able to deduct before -- anything you'd like. What do you deduct and why? Yes, anything. And your reason for deducting it doesn't even have to be good -- this isn't an audit, you know. I'm just curious as to what you'd pick.
Extra Credit: Do you wait until the last minute to do your taxes? Or did you have them done ages ago?
My new deduction? I have a few ideas:
The annoyance credit, based on how annoying we find this whole process each year, as well as how much time we spend being annoyed elsewhere as a direct result of government dorkiness. (Yes, being stuck in traffic due to poorly planned commute routes counts!) If you're moderately annoyed, your deduction would be $9500. If you're extremely annoyed, $12,500. If you're so annoyed you're head is about to implode, you get a complete exemption. (Extra points if you're a CPA during tax season. Sleep? What's that?)
I'd like to be able to deduct the cost of my mortgage payments each year, just because that's my biggest expense and I'm feeling a sense of entitlement just now. I don't have a good reason, really. Just because.
I'd also love to deduct an hourly fee for the time it takes me to prepare my taxes each year, in addition to a flat fee per schedule or form attached. Heh.
I'm an accounting nerd, so I usually have my taxes done within hours of receiving all the W-2's. This year I knew we were going to owe money for the first time ever, so I waited until this last Tuesday (April 12) to get them done.
grumble grumble taxes grumble grumble