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Old 01-30-2013, 07:35 AM  
El Jefe El Jefe is offline
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It's that time of year, TAX RETURN TIME!

For the past 2-3 years I have started a thread about what people were going to spend their tax return on. While greeted with some hostility, most people actually enjoyed the threads. I don't know how much I will get back, but I have some big plans for it!

I am going to try to pay a grand or so on my wifes car (We owe 3k). I am going to try and slide as much as I can at my wife's student loans (only owe 11k). Outside of those two debts, we don't have anything else luckily, because I pay out of pocket for school (ouch).

My next step depending on how much I get back would be to put at least another grand into our house fund. I live on James street, and I have designated our house fund as "Operation James Street Freedom". I would like to put some money into my IRA, currently it has none. Give my wife a little extra walking around money.

I think the last thing I would like to do is give some money to our Deacon fund at my church. This is a fund that is given by church members and distributed to the needs of the church and community if need be by the Deacon board. This fund has helped a lot of people in very bad spots, and it's my duty to help out my fellow man. Our church also houses the food pantry for our community, and we received emails saying the food pantry is direly low, they have served more families this month than ever before. So I would love to take a hundred or so and buy some food to donate.

What dreams do you guys have? I know most of the people here will probably pay down bills, but its fun to dream anyways.

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Old 02-01-2013, 01:02 PM   #136
Buehler445 Buehler445 is offline
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Originally Posted by ThaVirus View Post
What's the difference, broskino?
Return = forms sent to IRS calculating total tax liability, payments and what you owe/refund.

Refund = overpayment to IRS.
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Old 02-01-2013, 01:06 PM   #137
luv luv is offline
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Old 02-01-2013, 01:36 PM   #138
DA_T_84 DA_T_84 is offline
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I'm getting 2K back!

My credit card will go to zero balance for the first time since college (I'm 26) and my school loan will be 100% paid off in a single day!!!!

4k left on the car then I'm in the black - FOR GOOD.

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Old 02-02-2013, 01:01 AM   #139
hometeam hometeam is offline
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For the first year ever, I will receive a sizable return. Every penny save for maybe a hundred dollars will go to debt payoff. If everything pans out right, I will have only my mortgage left.
Did my taxes tonight.. getting back enough to do it. ($3953) Debt can suck it! Now to get this house sold~
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Old 02-03-2013, 10:28 AM   #140
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Not bad at all. A $199 refund from the feds and I owed the state $334. I can live with that.
That's not bad at all. Generally it's a refund from a federal and owe the state is about the norm these days, unless some people withheld more for the state taxes. I normally add in another $5 withholding for the state, so that way that my bill to the state is low, which is $66 that I owe. I'll be getting a nice refund from the federal.
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Old 02-03-2013, 10:30 AM   #141
JASONSAUTO JASONSAUTO is offline
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Next year I get to do that. Hooray!
Shit I've been doing that for a while. Sucks
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Old 02-03-2013, 10:32 AM   #142
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Originally Posted by Buehler445 View Post
Return = forms sent to IRS calculating total tax liability, payments and what you owe/refund.

Refund = overpayment to IRS.
This.
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Old 02-03-2013, 10:38 AM   #143
Bwana Bwana is offline
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Originally Posted by Coach View Post
That's not bad at all. Generally it's a refund from a federal and owe the state is about the norm these days, unless some people withheld more for the state taxes. I normally add in another $5 withholding for the state, so that way that my bill to the state is low, which is $66 that I owe. I'll be getting a nice refund from the federal.
I hear ya. I went in and had the office manager take out an exta $20 a check so I won't have to deal with it next year. My tax lady also called and said there was a glitch in her program and I only owed $94 in state this year, so I expect a $240 refund on the excess state I sent in as well. We'll see how fast that happens.
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Old 02-03-2013, 10:41 AM   #144
Coach Coach is offline
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Originally Posted by Bwana View Post
I hear ya. I went in and had the office manager take out an exta $20 a check so I won't have to deal with it next year. My tax lady also called and said there was a glitch in her program and I only owed $94 in state this year, so I expect a $240 refund on the excess state I sent in as well. We'll see how fast that happens.
Yeah, that's a good thing that you took out the extra $20 a check (I'm assuming both federal and state?), otherwise, the bill would have been fatal for you... lol.
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Old 02-03-2013, 10:41 AM   #145
JASONSAUTO JASONSAUTO is offline
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Depends on where you are. If you are paying in a bunch in tax, why should they get a huge break when you don't? That's why people are bitter.

Also I've seen returns that worthless ****ers make 14000 at some pile of shit job, have a kid, live with the parents and just be ****ing worthless altogether. IIRC they had <500 withheld and are due a refund of 5500. That's what pisses me off more than anything.
This. I'm paying that money to them
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Old 02-03-2013, 10:42 AM   #146
Bwana Bwana is offline
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Yeah, that's a good thing that you took out the extra $20 a check (I'm assuming both federal and state?), otherwise, the bill would have been fatal for you... lol.


Exactly
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Old 02-03-2013, 11:24 AM   #147
RedDread RedDread is offline
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Got back $666 federal, maybe they're trying to tell me something...
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Old 02-17-2013, 07:53 PM   #148
lewdog lewdog is offline
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Still waiting on a Special K form before I can officially file but based on turbotax I will be getting 5k! Must be because of making decent money but only working 7 months since I graduated in May, meaning I paid a lot of taxes but ended up in a much lower tax bracket. Plus I had some deductions for that money I paid for school. Anyway, pretty jacked about it!

Probably pay a little extra on my student loan, put some extra in my Roth IRA and get my girl a ring!
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Old 02-17-2013, 08:14 PM   #149
El Jefe El Jefe is offline
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Still waiting on a Special K form before I can officially file but based on turbotax I will be getting 5k! Must be because of making decent money but only working 7 months since I graduated in May, meaning I paid a lot of taxes but ended up in a much lower tax bracket. Plus I had some deductions for that money I paid for school. Anyway, pretty jacked about it!

Probably pay a little extra on my student loan, put some extra in my Roth IRA and get my girl a ring!
Sweet sack, that's freaking awesome brother!
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Old 02-17-2013, 09:34 PM   #150
Buehler445 Buehler445 is offline
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Still waiting on a Special K form before I can officially file but based on turbotax I will be getting 5k! Must be because of making decent money but only working 7 months since I graduated in May, meaning I paid a lot of taxes but ended up in a much lower tax bracket. Plus I had some deductions for that money I paid for school. Anyway, pretty jacked about it!

Probably pay a little extra on my student loan, put some extra in my Roth IRA and get my girl a ring!
K-1?

Don't get too hot to trot. K-1 is a form that has to report income. You're income may be higher.
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