Life Income Taxes - Page 3

Lono · 01-15-2009, 02:13 PM

Wife and I both got our W-2's today. Getting $5001 back, not too shabby. Can finally pay the old lady's Trailblazer off. Anyone else got their's done yet?

Mr. Plow · 01-15-2009, 04:24 PM

Quote:

Originally Posted by BWillie007

How the hell are you going to get back like 5-6 grand? You guys must have crazy deductions. I made 56K last year and from the research I've done already without my W2 and from my last pay check it looks like I'll be getting about $450 or so from federal. I even claim whatever is the most to take out of my paycheck as well, so they should be withholding quite a bit. Granted I have like no deductions because I don't have a house, no kids, no rental property, etc. Only deduction I know of is my student loan interest, which is negligible.

4 kids, mortgage interest, etc.

I'm hoping I will get that much back this year, but not sure because I think we are going to fall into a higher tax bracket.

Stewie · 01-15-2009, 04:41 PM

I always owe and don't send them a penny until 4/15.

kepp · 01-15-2009, 04:44 PM

I don't have my W2 yet, but judging from the number on my last '08 paystub, I should get a good bit back. I need to payoff a lawn tractor I bought last year (0 payments/0 interest deal) though...but that won't take even half of it.

wutamess · 01-15-2009, 04:57 PM

Since HR Block stands behind their "best return eva" deal. I'm going to give them a try this year. Last year I got a letter from Sam saying I owed $13K. That was because my accountant for the last 5 years forgot to say that I actually took a loss when i dabbled in the market the year before.

Hopefully we'll get more back than last year but I doubt it since we (my wife and I) have double dipped (severance and unemployment benefits). W/out paying taxes on the benefits.

We'll see.

**The Franchise** · 01-15-2009, 05:00 PM

Quote:

Originally Posted by wutamess

Since HR Block stands behind their "best return eva" deal. I'm going to give them a try this year. Last year I got a letter from Sam saying I owed $13K. That was because my accountant for the last 5 years forgot to say that I actually took a loss when i dabbled in the market the year before.

Hopefully we'll get more back than last year but I doubt it since we (my wife and I) have double dipped (severance and unemployment benefits). W/out paying taxes on the benefits.

We'll see.

What the hell is the "best return eva" deal?

**007** · 01-15-2009, 05:04 PM

I always balance out between state and federal. MAXIMUM take home pay each month. The only way to go.

kepp · 01-15-2009, 05:14 PM

Quote:

Originally Posted by wutamess

Since HR Block stands behind their "best return eva" deal. I'm going to give them a try this year. Last year I got a letter from Sam saying I owed $13K. That was because my accountant for the last 5 years forgot to say that I actually took a loss when i dabbled in the market the year before.

Hopefully we'll get more back than last year but I doubt it since we (my wife and I) have double dipped (severance and unemployment benefits). W/out paying taxes on the benefits.

We'll see.

Turbo Tax will do just as good and cost about $200 less. Unless your taxes are really complex or something.

**The Franchise** · 01-15-2009, 05:17 PM

Quote:

Originally Posted by kepp

Turbo Tax will do just as good and cost about $200 less. Unless your taxes are really complex or something.

Turbo Tax is what I've used for the last 2 years. It works perfect for me.

BWillie · 01-15-2009, 05:21 PM

Quote:

Originally Posted by Mr. Plow

4 kids, mortgage interest, etc.

I'm hoping I will get that much back this year, but not sure because I think we are going to fall into a higher tax bracket.

What about this. What if I adopt one of those starving Africans on TV. Become his parent via the US. I can correspond with young Ngodo and share pictures and our life experiences. They say you can fund their entire life for like .8 cents a day. That should count as the whole reason you get a deduction for children is to make up for the financial conditions they create when you have to buy them shit.

BWillie · 01-15-2009, 05:22 PM

Quote:

Originally Posted by kepp

Turbo Tax will do just as good and cost about $200 less. Unless your taxes are really complex or something.

I use TaxAct online. Completely free to file to federal. Costs like 9 dollars or something for state. Great to use if you don't itemize and are single and stuff.

**bogey** · 01-15-2009, 05:22 PM

My wife and I are really trying to be proactive on saving money any way we can this year. We usually go to a guy that charges quite a bit to do our taxes. My wife suggested we go to H&R block to save money. I suggested we get a quote from H&R block and ask our regular tax guy if he would meet the price. He did. Money saved is money earned.

BWillie · 01-15-2009, 05:25 PM

BTW, what the hell does "head of household" mean?

**bogey** · 01-15-2009, 05:26 PM

Quote:

Originally Posted by BWillie007

BTW, what the hell does "head of household" mean?

In my house, that would be me.

BWillie · 01-15-2009, 05:30 PM

Quote:

Originally Posted by bogey

In my house, that would be me.

Oh, so you are saying it's for the manly gay? Feminine gay doesn't file head of the household. Gotcha.

**007** · 01-15-2009, 05:32 PM

Quote:

Originally Posted by pestilenceaf23

Turbo Tax is what I've used for the last 2 years. It works perfect for me.

I have been using Turbo Tax and/or TaxAct for the past 10 years.

01-15-2009, 02:13 PM
Lono Starter Join Date: Mar 2005 Location: Mo Casino cash: $9903836	Income Taxes Wife and I both got our W-2's today. Getting $5001 back, not too shabby. Can finally pay the old lady's Trailblazer off. Anyone else got their's done yet?
Posts: 812

01-15-2009, 04:41 PM	#32
Stewie MVP Join Date: Oct 2006 Location: West of the Equator Casino cash: $-1600099	I always owe and don't send them a penny until 4/15.
Posts: 13,830

01-15-2009, 04:44 PM	#33
kepp MVP Join Date: Aug 2005 Casino cash: $3519212	I don't have my W2 yet, but judging from the number on my last '08 paystub, I should get a good bit back. I need to payoff a lawn tractor I bought last year (0 payments/0 interest deal) though...but that won't take even half of it.
Posts: 14,735

01-15-2009, 04:57 PM	#34
wutamess MVP Join Date: Aug 2000 Location: Lee's Summit Casino cash: $4711637	Since HR Block stands behind their "best return eva" deal. I'm going to give them a try this year. Last year I got a letter from Sam saying I owed $13K. That was because my accountant for the last 5 years forgot to say that I actually took a loss when i dabbled in the market the year before. Hopefully we'll get more back than last year but I doubt it since we (my wife and I) have double dipped (severance and unemployment benefits). W/out paying taxes on the benefits. We'll see.
Posts: 8,290

01-15-2009, 05:04 PM	#36
007 Shaken. Not stirred. Join Date: Sep 2002 Location: London Casino cash: $12220126 VARSITY	I always balance out between state and federal. MAXIMUM take home pay each month. The only way to go. __________________ My dear girl, there are some things that just aren’t done. Such as, drinking Dom Perignon ’53 above the temperature of 38 degrees Fahrenheit. That’s just as bad as listening to the Beatles without earmuffs.
Posts: 65,733

01-15-2009, 05:22 PM	#41
bogey Supporter Join Date: Oct 2007 Location: California Casino cash: $10005290	My wife and I are really trying to be proactive on saving money any way we can this year. We usually go to a guy that charges quite a bit to do our taxes. My wife suggested we go to H&R block to save money. I suggested we get a quote from H&R block and ask our regular tax guy if he would meet the price. He did. Money saved is money earned.
Posts: 2,264

01-15-2009, 05:25 PM	#42
BWillie Are you ready to Rumble? Join Date: Apr 2006 Casino cash: $-1248759	BTW, what the hell does "head of household" mean?
Posts: 52,448