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I'm really cheesed. Man, they make it so it's impossible to get ahead. We just finished our taxes and got reamed. Why? Because we were trying to save many instead of spending it. But if we would have spent it on deductions, we would have gotten things we wanted for the same as we are handing over to the IRS.

As others have said, spending won't really help your tax situation. At best, you're spending dollars to save cents. At worst, you're just wasting money.

The other thing that screwed us was that because of the tax change, we were only able to claim $700 for medical even though we spent almost $7,000!!! What bullspit!!! They are actually making it so the middle class CANNOT get ahead.

Sorry, but I have no sympathy as we got caught in the same situation (our outlay was a bit over $6K). In our case, it was at least partly my own fault for withdrawing too much from the IRA, which put us into the 25% bracket. I'm not sure why I had such a brain fart that I would withdraw enough to put us into a higher bracket, but it happened. It wasn't necessary as I could have waited until after 1/1/2014 to tranfer the money. It's a mistake that won't happen again. OTOH, in about 3 years, I'm subject to the RMD from the IRA, so our tax bracket may no longer have the element of choice.

What makes our situation worse is that since we're both over 65, we're still allowed the deduction if the medical expenses exceed 7.5% of income rather than the 10% for everybody else. Oh well, that's good through tax year 2016.

Damn! I really effed up in 2013.

Churchy
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