Beat that, Geico!

The Setup

Evan and I were working through our taxes over the weekend, and nearly had a joint heart attack (which is funny because he's studying cardiology in med school right now).  We were cruising along in TurboTax, looking at our familiar and reasonable $$$ return figures in the upper right corner, but when we entered the info for Evan's scholarship, there was a $$,$$$ discrepancy between the amount paid and the amount spent, which translated into $,$$$ we had to pay for federal and state taxes each!  Eeek!  When Evan went to investigate his school finances, he found that he owed $$,$$$ that he thought was supposed to be paid for by his loan.  (The amount was similar to the amount of the discrepancy, but not exact.)  This kind of pissed me off, because I had just recently used $$,$$$ from my savings to pay off a significant chunk of his student loans, and those funds would have been very useful right now.

The Situation

So it looked like we were going to have to pay $$,$$$ to the school, plus $,$$$ and $,$$$ in taxes.  Ouchers.  We had been planning on insulating our house, which would cost $,$$$, but that would be impossible after all this.

The Resolution

Evan went to talk with the bursar this morning.  They quickly found that the $$,$$$ discrepancy in his scholarship was due to a payment made at the tail end of December that didn't get processed until January.  So we don't owe the school anything, and we can edit that info in the taxes to remedy the error.  As Evan said, "I saved us $$,$$$ in 10 minutes.  Beat that, Geico!"

Also, Happy Valentine's Day!