My teenage daughter, Amber, received her first W-2 in the mail yesterday. I didn't think about it much, but when she came home from school and opened it she had a few questions about it.
Today, she asked about it again and we talked about filing taxes, why she had three copies of the same thing and what everything meant. I remembered that I saw a television commercial about filing for free at TurboTax.com so I went there to check it out.
Since she is filing using a 1040EZ she was able to file the federal for free and we'll do the state one another day. To me, filing using the TurboTax.com seemed to take longer (although it was very easy). We joked about how I preferred using the paper version and the words "old fashioned" floated around a little.
Once we were finished and she was about to walk away it dawned on me that my mother taught me how to do my taxes more than 25 years ago. It seemed so difficult and foreign to me then, but with her guidance I eventually started filing my taxes on my own.
It's like I passed the baton... another milestone has been reached. As each day passes I realize more and more that my little baby is a young adult who will be managing her own life very soon. I am proud that I am able to teach her like my mom taught me.