OT: WOOHOOO! Did my taxes..., And I'm getting a nice refund |
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OT: WOOHOOO! Did my taxes..., And I'm getting a nice refund |
dagdal1967 |
Feb 3 2007, 09:20 AM
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#1
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What are YOU looking at... Group: Members Posts: 372 Joined: 13-March 03 From: Carrollton, Texas Member No.: 423 |
Good old Turbo Tax and I sat down last night and did my taxes, and it turns out I'm getting a refund of around $4,600!! (IMG:style_emoticons/default/boldblue.gif)
A good share of that is going to be spent on the car! A couple of finishing touches and then the big expense of putting A/C in! Anyone else feeling the love from the IRS? Doug |
nomore9one4 |
Feb 3 2007, 09:26 AM
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#2
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Member of the Eastcoast Thread Killers Club Group: Members Posts: 2,666 Joined: 26-December 02 From: Pittsburgh,Pa.15237 Member No.: 14 Region Association: None |
You= (IMG:style_emoticons/default/beer.gif)
Me= (IMG:style_emoticons/default/headbang.gif) IRS= (IMG:style_emoticons/default/smilie_pokal.gif) My turbo tax seems to be on jackstands! |
dagdal1967 |
Feb 3 2007, 09:38 AM
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#3
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What are YOU looking at... Group: Members Posts: 372 Joined: 13-March 03 From: Carrollton, Texas Member No.: 423 |
You= (IMG:style_emoticons/default/beer.gif) Me= (IMG:style_emoticons/default/headbang.gif) IRS= (IMG:style_emoticons/default/smilie_pokal.gif) My turbo tax seems to be on jackstands! Ugh .. Hope that they're not (IMG:style_emoticons/default/sheeplove.gif) you too hard! Paying is (IMG:style_emoticons/default/stromberg.gif) |
Pat Garvey |
Feb 3 2007, 09:18 PM
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#4
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Do I or don't I...........? Group: Members Posts: 5,899 Joined: 24-March 06 From: SE PA, near Philly Member No.: 5,765 Region Association: North East States |
Good old Turbo Tax and I sat down last night and did my taxes, and it turns out I'm getting a refund of around $4,600!! (IMG:style_emoticons/default/boldblue.gif) A good share of that is going to be spent on the car! A couple of finishing touches and then the big expense of putting A/C in! Anyone else feeling the love from the IRS? Doug Umm, just why did you let Uncle Sugar use nearly $400/month of your money for the last year? Patriot? Sorry, the accountant in me will never let go. Enjoy the windfall! I OWE the good uncle $4! That's planning baby. No waste! |
So.Cal.914 |
Feb 3 2007, 10:47 PM
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#5
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"...And it has a front trunk too." Group: Members Posts: 6,588 Joined: 15-February 04 From: Low Desert, CA./ Hills of N.J. Member No.: 1,658 Region Association: None |
Around my house IRS stands for INSERT in RECTUM and SCREAM.
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rhcb914 |
Feb 4 2007, 08:55 AM
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#6
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member Group: Members Posts: 358 Joined: 3-February 04 From: Boston, MA Member No.: 1,626 |
Cool you'll have some bucks to spend on the car.
Don't mean to rain on your parade butyou just gave the govt a $4600 interest free loan. I typically try to keep my refunds to a minimum. |
dagdal1967 |
Feb 4 2007, 09:31 AM
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#7
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What are YOU looking at... Group: Members Posts: 372 Joined: 13-March 03 From: Carrollton, Texas Member No.: 423 |
Colour me crazy, but I've never been bothered by giving Uncle Sam the interest free loan. I don't feel the govt is screwing me, and the extra $380 a month would be spent on day to day CRAP instead of on the car.
Ok I'm wierd... So what! |
vertigo |
Feb 4 2007, 09:37 AM
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#8
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Member Group: Members Posts: 72 Joined: 12-June 05 From: Porterville, Ca Member No.: 4,262 |
I try to get my taxes where I owe just a bit. They take just too damn much already, everyday you do anything.
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ArtechnikA |
Feb 4 2007, 12:43 PM
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#9
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rich herzog Group: Members Posts: 7,390 Joined: 4-April 03 From: Salted Roads, PA Member No.: 513 Region Association: None |
As a taxpayer I appreciate you generously lending the government this cash at zero interest all year...
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70Sixter |
Feb 4 2007, 03:05 PM
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#10
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Member Group: Members Posts: 422 Joined: 3-August 04 From: Surf City, NC Member No.: 2,444 Region Association: South East States |
I try to get my taxes where I owe just a bit. They take just too damn much already, everyday you do anything. (IMG:style_emoticons/default/agree.gif) |
snflupigus |
Feb 4 2007, 11:35 PM
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#11
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Member Group: Members Posts: 320 Joined: 29-May 05 From: Gilbert, AZ Member No.: 4,163 Region Association: None |
i'm "exempt" for the 1st 2 months this year... i've calculated that by doing that i get my "refund" now instead of at the end of the year, i shouldnt have to pay anything extra.
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VaccaRabite |
Feb 5 2007, 09:49 AM
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#12
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En Garde! Group: Admin Posts: 13,554 Joined: 15-December 03 From: Dallastown, PA Member No.: 1,435 Region Association: MidAtlantic Region |
I did my taxes yesterday. The first time that Erin and I filed together. Wow, she really does make twice what I make. (IMG:style_emoticons/default/sad.gif)
Anyhow, we had a huge refund this year, mainly due to mortgage interest and the fact that we bought a prius before the tax credit decreased. I had planned out state taxes about right though, we owed a little bit for them. I'd also rather owe a little then get money back. When it was just me doing taxes, my refund each year was rather small. This year, well, it was pretty shocking. Zach |
biosurfer1 |
Feb 5 2007, 12:10 PM
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#13
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Teener fo Life! Group: Members Posts: 3,020 Joined: 3-August 03 From: Roseville, CA Member No.: 977 Region Association: Northern California |
I did a quick check on mine (this is before all the stock 1099's and other misc roll in) and it turns out I get exactly $0 back. Last year I didnt do any planning for that, actually sort of funny the way it worked out.
I graduated from college in may and started working full time in june. If I had worked part time all year, i would have gotten back a large refund. If I had worked full time all year, I would have owed large (single, no house, etc) but sine it was 50/50, I think thats why it averaged out to $0, just didnt think it would be that exact. After I factor in stock losses, write off college expenses, etc I should get a bit back. i agree the optimum refund is $0 (or some believe owing as much as possible for the same reason) but it is nice to get a check from anyone, even if its your own money with no interest:) |
BMXerror |
Feb 5 2007, 01:56 PM
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#14
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Senior Member Group: Members Posts: 1,705 Joined: 8-April 06 From: Hesperia Ca Member No.: 5,842 |
I'm getting about 850 back from 'em this year. Not bad for a kid who makes 200 bucks a week at his part-ime job. And yes, it's going into the Porsche.... probably a Kerry Hunter exhaust and some GT Performance seats.
Mark D. |
John |
Feb 5 2007, 03:50 PM
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#15
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member? what's a member? Group: Members Posts: 3,393 Joined: 30-January 04 From: Evansville, IN (SIRPCA) Member No.: 1,615 Region Association: None |
This one always (IMG:style_emoticons/default/stirthepot.gif) (IMG:style_emoticons/default/stromberg.gif) .
My first year out of college where I started working in September full time, I received more money back than I had paid in. My dad was pissed. He was so mad that he redid my taxes by hand just to prove to himself that I was right. Well, those days are over, but kids, a wife and a mortgage help to take a bite out of taxes. My wife and I usually owe less than $100 |
tdgray |
Feb 6 2007, 07:42 AM
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#16
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Thank God Nemo is not here to see this Group: Members Posts: 9,705 Joined: 5-August 03 From: Akron, OH Member No.: 984 Region Association: None |
Good old Turbo Tax and I sat down last night and did my taxes, and it turns out I'm getting a refund of around $4,600!! (IMG:style_emoticons/default/boldblue.gif) A good share of that is going to be spent on the car! A couple of finishing touches and then the big expense of putting A/C in! Anyone else feeling the love from the IRS? Doug Umm, just why did you let Uncle Sugar use nearly $400/month of your money for the last year? Patriot? Sorry, the accountant in me will never let go. Enjoy the windfall! I OWE the good uncle $4! That's planning baby. No waste! Damn skippy my man. I just love that everyone thinks that they are getting "something from the government" It's your money man... the IRS withholding tables are specifically configured to do this to people.... wake up guys. $4,600 at 5% interest = $230 in interest or lost spending power however you want to think about it. I screwed up this year and took too much out of my bonus... I'm now getting $160.00 refunded and I hate it. |
dagdal1967 |
Feb 6 2007, 08:49 AM
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#17
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What are YOU looking at... Group: Members Posts: 372 Joined: 13-March 03 From: Carrollton, Texas Member No.: 423 |
Damn skippy my man. I just love that everyone thinks that they are getting "something from the government" It's your money man... the IRS withholding tables are specifically configured to do this to people.... wake up guys. $4,600 at 5% interest = $230 in interest or lost spending power however you want to think about it. I screwed up this year and took too much out of my bonus... I'm now getting $160.00 refunded and I hate it. Oh, make no mistake.. I am not ignorant of the situation, nor do I believe that the Govt. is "giving" me anything. I know its my money and I know the "theory" that at 5% I could have had an Extra 0.17% of my annual income. Big Whoop! But the theory doesn't hold water. The money that Uncle Sam was borrowing from me would not have gone into savings, but would have been spent on normal day to day items, to the end that I would never even have noticed the money. I'm happy enough to let Uncle Sam use the money, and for me it's like a "christmas club" where money goes in that I forget about all year until I get that nice cheque at the beginning of the year to use to make myself happy. I could easily adjust my deductions, etc to "fix" what some of you consider a problem, but to me it's a choice. Nuff said. (IMG:style_emoticons/default/dry.gif) |
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