Paying too much on your taxes? Frustrated and looking for a way out?
Like me, you probably love finding new and innovative ways to save on your taxes! While recently filling out my IL-1040, I discovered a trick that will save everyone lots of dough. I decided to share it, free of charge. We first need to gather all materials needed for this totally legitimate tax saving technique. Here's a list:
All W2's
Completed Federal 1040, with a calculated AGI
A sharp, Number Two pencil
Towels and gauze
Now here are the steps:
1) Using your number two pencil, fill out the IL-1040 up to line 12d.
2) Now take your number two pencil, and stab your eyes out. Go ahead, it'll be worth it.
3) Apply towels and gauze to your eyes.
4) Have someone who can read finish reading this blog post, and finish filling out your 1040 form.
Before you got to step 2, did you read the fine print on 12d? "Check if Legally Blind" If you performed all steps accurately, this should now apply to you! Nobody reads this sweet option! The great, benevolent state of Illinois has provided a way for all of us to claim an additional exemption for up to $1000 per year! Every year!
Now, some of you "math nerds" out there are probably saying, "a tax 'exemption' of $1000, doesn't that just reduce my taxable income by $1000, and therefore this is only saving me 3% of $1000, or $30?"
To you math nerds I reply, "Well...I...hadn't exactly thought of that way until after I stabbed my eyes out in an attempt to save on my taxes."
So alas, I am now blind - but I did save $30 more dollars than you on my taxes! Suckers! And yes, it's $60 for your spouse. Sweet!