Tax Returns

[dhunter]

Just got mine done. I'm getting $1600 back from Federal and $1000 from state Better than last year when I owed.

Any other success stories? Anybody end up owing?

[TheLink]

Never understood why people get excited about a big refund. I get that it is better than owing a large amount but essentially letting the government use the money interest free.

Find a good tax guy (or do it yourself) and plan out the year better so you get the money when you earn the money.

The easiest thing to do is plan in October and then if you have already paid enough for the year go exempt the remainder of the year. This increases your take home pay during the holiday season.

[Gobbler's Knob]

3k here

[StatQuo17]

Anyone know the % from tuition you get back from school?

[ZoomVT]

Originally Posted by TheLink

Never understood why people get excited about a big refund. I get that it is better than owing a large amount but essentially letting the government use the money interest free.

Find a good tax guy (or do it yourself) and plan out the year better so you get the money when you earn the money.

The easiest thing to do is plan in October and then if you have already paid enough for the year go exempt the remainder of the year. This increases your take home pay during the holiday season.

agree. obviously is nice to get a refund, but it your money, and they used it for a year interest free. Yes, i know you wouldnt make a lot of interest; but nobody lets you borrow interest free so why should you?

and yes, i usually go exempt november and december. get some extra cash and i still get a refund every year.

[rjb1816]

i'm going to owe a couple hundred...waiting til the 14th to file

[Big Pimpin]

I like a nice check in the spring so don't care if the man holds it.....no way i'd pull a portion out and save it...lol

[JR7302001]

I get about 12 - 13 grand back cause I claim a wife and 4 kids and my yearly taxes paid in federal is around the 2 -3 hundred mark.

[pwherr]

Got back 7k but that is because I am paying for my sons school and some energy credits.I don't usually get that much back.

[Windy City Irish]

i got 350 back from federal and 175 from state.

i moved into a higher tax bracket and it kind of screwed me

[BLBisinnocent]

Originally Posted by TheLink

Never understood why people get excited about a big refund. I get that it is better than owing a large amount but essentially letting the government use the money interest free.

Find a good tax guy (or do it yourself) and plan out the year better so you get the money when you earn the money.

The easiest thing to do is plan in October and then if you have already paid enough for the year go exempt the remainder of the year. This increases your take home pay during the holiday season.

djsk

[smet9772]

I owe 4 g's, fing wife makes too much and it puts us in a higher tax bracket.

[dhunter]

Originally Posted by TheLink

Never understood why people get excited about a big refund. I get that it is better than owing a large amount but essentially letting the government use the money interest free.

Find a good tax guy (or do it yourself) and plan out the year better so you get the money when you earn the money.

The easiest thing to do is plan in October and then if you have already paid enough for the year go exempt the remainder of the year. This increases your take home pay during the holiday season.

yeah i get that but realistically i wouldn't have saved the extra money. it's comes out to an extra $200/month. trust me, i would have spent that. we always live to our means.

[dhunter]

Originally Posted by smet9772

I owe 4 g's, fing wife makes too much and it puts us in a higher tax bracket.

damn bro. are you claiming 0 on your W-2? that seems like a lot.

[iggs111]

taxes?