Today I learned that the medical insurance portion of your auto insurance is deductible on your Schedule A (Itemized Deductions).

Now, in order to take advantage of this, you have to have enough medical expenses to get you over the 10% (or 7.5%, if you’re over 65) of AGI threshold for the medical expense deduction, and you have to have enough in total itemized deductions to exceed the standard deduction allowance, but I still thought it was fascinating. I mean, who knew?

Until next time!

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Application submitted

January 29, 2014

Well, I’ve done it. I’ve submitted my application to Western Michigan University (WMU) and requested official transcripts sent from my undergraduate institution and CU Denver. If the woman in the WMU admissions office that I talked to is right, my application should be accepted post-haste, and then I can figure out what classes I’m taking [...]

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Update: Seasonal Tax Preparer Edition

January 29, 2014

I know I haven’t been posting a lot in the last few weeks (finals, and packing, and moving, oh my!), but I just wanted to put out there that I will be working for a small CPA firm in Portage, MI this 2014 tax season, so I may be even quieter than usual. Once tax [...]

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Same Path, Slight Course Correction

January 28, 2014

I feel like 90 things have happened in the last two months, the end result of which is that I’m moving across the country and I will be attending Western Michigan University (WMU/Western) to complete my Master’s in Accounting, instead of completing it at CU Denver. The Short Version My husband has been living and [...]

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Brief Update: Error Correction

November 17, 2013

I have finally figured out what if my final number on a project is off, one place to look is if I accidentally added instead of subtracted, or vice versa. Or, to use accounting lingo, I have to check if I accidentally debited something that should have been credited, or vice versa. If you debit [...]

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Brief Update: First exam grade

October 6, 2013

General update: This semester is awesome! (More details later when I have a minute; work has been a little intense these last few weeks.) Specific test update: I took my first exam in my Tax Prep class two weeks ago (I was out of town when the rest of the class took the test last [...]

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Milestone: Second week of Fall 2013 already done

August 30, 2013

It was summer, and then I blinked, and now the second week of fall semester is behind me. Yikes. My two classes this semester are awesome! Thing 1: They are both cross-listed with undergraduate courses, which means the pace of the classes is a little slower and there’s not as much homework (compared to my [...]

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Resurfacing, or Summer Classes are INTENSE

August 19, 2013

So, I haven’t updated this blog all summer. You might have noticed. It’s not that I didn’t want to, I just… couldn’t quite find the time. It turns out that taking Managerial Economics online in the summer means cramming 17 weeks of class into 8 weeks. Which was… fun. Instead of updating my blog with [...]

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If You’re Going to take Tax at CU Denver…

August 2, 2013

… Take it with Sarah Knight. (The school lists her by her married name, Harding, but the rest of the world uses her maiden name.) She’s a practicing CPA, so the class is only offered in the Fall, but so far it’s right up there with one of my favorite classes I’ve taken at CU [...]

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Second Semester: Accomplished!

May 21, 2013

It’s after 5 pm on a Tuesday and I am not in class. Woah. I feel like this semester lasted forever, but it is officially done and since my teachers are awesome, I even have my final grades. The Short of It: How I Did Intermediate Financial Accounting – Final Grade: B Managerial Accounting – [...]

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