What are you going to do with your tax return money?
 

Inb4 taxreturnsareforthosewhodontknowhowtoinvest.
inb4Ialwaysendupoweing
inb4youareanidiotifyougetmoneyback

Anyways, for those of us who are getting money back, what are your plans for it? I fortunately am going to be getting almost all the money I spent out of pocket finishing my BBA last year, roughly 2500. I am going to take $500 and put it into my portfolio (small, but growing), take another $500 and put into my rainy day fund. I think I will take $1000 and pay down some bills we have (couple medical bills and pay some towards my wife's school loan). I will probably use $150.00 of the leftover to take my wife to Texas De Brazil (freaking love that place), I also need to replace my windshield in my civic which got cracked this winter, I will probably buy a couple books and a couple DVD's. I also need to buy some points for my 53 Ford Jubilee, and I would like to buy a Fiskars X27 axe, because I have a 40 foot ash tree cut down and sectioned, but not split. Plenty of others things to consider as well.

What about you guys?

Blow it all on hats.

Hookers and blow. It's free money, might as well enjoy it.

Hookers and blow.

Damn it.

Since my refund is primarily from the $2500 education credit, it's probably going right back into paying tuition

Q

So, ya gettin' 2500k back???? I think putting in $500 here and there is little on the low side. But that's just me.

Some of the money is going towards Lambeau!!!


Jelly?

We send my daughter to a private school and part of the requirements for her school is that each family purchases $2000 in "scrip" throughout the school year. It's basically giftcards to different stores that the school gets a certain percentage of. We usually wait until tax time and then buy $2000 at once instead of trying to nickle and dime it throughout the year. Then our home warranty is $450....so we'll take care of that. This year we'll be basically putting whatever is left into savings because the wife is getting out of the military and we want to have something in savings if something happens.

Swag bitch


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Same here, but I think I am going to take a break and do my grad program in a year or two. I just don't feel like taking our more student loans or hemorrhaging more money out of pocket do go right now. We have been hammering down my wife's student loan and finally got it down to $8800 and I don't feel like adding a 20k one to that lol.

It sucks that you lose the $1000 child tax credit just as the children get super expensive.

They require you to spend 2k on giftcards? Holy hell, that's a lot of money.

Mine is from paying college tuition for my oldest son. He's only a sophomore this year and my youngest will be going into college next year. :facepalm:

Yeah, I am getting the education credit. I hear you on the $500 being pretty low, but this year has not been a good one as far as money goes, we had a ton of expenses in home repairs, car repairs, and then we got smashed pretty good on medical bills (about 10k even with good insurance).

Yep....which is why we wait until tax time to just take care of it. Last year we purchased a $2000 Home Depot giftcard and then went and got plantation shutters for the front room of our house.

This year we'll probably just get giftcards for Wal-Mart or Target and use them for groceries throughout the year.

Probably spread it out on the floor and roll around in it. After that, I'm not sure. I'm leaning toward a high-dividend REIT.

Nope, cuz so is some of mine.

Oh, ok, I gotcha. You pay your kids tuition? Dag gone, I have never heard of anyone doing that. My parents pretty much told me, be sure of what you want to do, because you are taking a loan out on your future. Similar sentiments were given to my wife when she got her BSN.

I generally owe money, so nothing for me.

So you get to keep the gift cards and the school gets a kickback from someone?

Note to self: Don't use any bills obtained in Denver for snorting blow.

Yep....I was told from a young age that if I wanted to go to college....it would be on my dime. I'll be saying the same thing to my daughters (well....as long as they go to an out of state school). In state is covered by the VA.

I haven't gotten a return in years.


If I am not writing a check to them, I screwed up.

Who's jellys of us?

My wife would be mad jealous about the shutters, she has been eye balling some good shutters, but suck me sideways those things are expensive. That's cool you can afford a private school, where I am, private schools (high school) run about 10-15k a year. That's quite a bit of money to me.

Taking some of it to put towards my upcoming Steamboat trip, then stashing the rest away for a new motorcycle.

It's a private school that covers K-8. She's currently in 2nd grade and it comes out to about $4500k a year. We're ****ed at the end of this year because our twins will be going into kindergarten. If the wife has a good enough job....we'll keep all three in there. If not....it'll be public school time.

Yep. I will be honest, I think it made me take my education much more seriously and really made me value it more. Of course, I would love not to have the debt, but I will use the same methodology for my children when the time comes.

Not all of it. However, underclassmen are severely limited on how much they can borrow on student loans ($5000 the first year, iirc). So we didn't have much choice.

If my youngest gets into Stanford or one of the Ivy League schools he applied to, we will only have to pay room and board because we are poor. :grovel:

I'm self employed.

I won't be getting a return. I'll be getting a bill. :(

Got it, paid off a bunch of bills, did a few improvements on the house. Now I'm broke but my bills are all caught up so. Hell yeah!!

Twins? God bless your soul. I hope something shakes out for you to be able to send your kids on whatever educational avenue you feel best :thumb:

I owed $11 this year.

Booze. Many bottles of stuff I've never tried, or top shelf stuff that I wouldn't normally buy. It's become an annual tradition with me.

Paying off some bills, taking the wife out.

Thats about it.

Freaking right! I love that kind. I love getting back in front of bills, it feels good for the month it usually lasts lol.

I paid for my own, too, which is why it took 12 years to finish. :facepalm:

They already know that if they **** around and lose their scholarships, we aren't paying any more and they are on their own.

6 days in Miami to hang with friends, do some biz and party life, 6 days at the Waldorf-keys to r/r, hit up barefoot billy's rental toys and me-time.

Don't be sad. You got to keep your own money for longer.


Besides, if you are paying in, that means you probably made more than predicted!

I owe in..fortunately it looks like i'll be making good money by being a hooker and providing blow.

Ah, hah, hah, hah. I am too but owe nothing this year. Got a little back last year. I estimated correctly!

We're getting back $25, so not a whole lot. I'm more than happy with this though. We didn't let them hold much of our money but I still didn't have to pay them even more.

Mine goes to the IRS.

You can cut your price in half by sending a different twin to school every other day and then having them teach each other in their secret twin language.

This is why you're a top 3 poster. Genius!

That's a good deal. I paid $8k per year starting in 1999 and it went up yearly ending around $9k her last few years. I thought that was a good deal. It paid off later with $32k in scholarships for college, good values and good college grades. She could have received more but she was too busy to apply.

Some schools allow you to pay half price if you have a second child enrolled. Mine did that. And some have jobs at the school where a child can go free but the paycheck isn't large.


I think this post explains your avy though. Three including twins.

Officially I'm in the top two.

I'm getting back between $8500 and $9000..so some goes to bills..some goes towards a new gun..some towards the house..most gets saved back and spent throughout the year on random things

I'll likely get back around 2k. It's not enough to do two chicks at once so I'll probably just invest it.

Getting $1,400 so we will put it all on various credit card payments. My wife starts nurse anesthetist school in May and cannot work for the next three years. It is going to suck.

I could find you 3 chicks and still keep a finders fee.

All of mine goes to the kids. As it should be. Then I don't have to buy them shit the rest of the year.

I use the money to "refill" for the year. Buy out my auto insurance plans for the year so i don't have to make payments until this time next year, pay any bills i fell behind on so i have a clean slate for the new year etc.

I don't get any, I pay the gubment. I'm sure they are happy.

That's a good feeling.

nothing here. last year got back about $900, this year owed $2300. Go figure.

1099?

nope. Did get a decent bonus check this year, which I though should have increased our return, not reduced it. Weren't in the edge of a bracket either.

I suppose one of these days I shoudl run them again in something other than Turbotax and make sure they didn't goof something up.

*edit* just checked again, and it looks like it's possible we may have crossed into the next tax bracket after all. That might have been the culprit.

Pay off a little debt, pay travel expenses for my wife to accompany me to Hawaii (work is sending me), and maybe buy another lens for my camera.

It's going towards our trip to Italy.

Lucky you. Lady I worked with last week ending is going there. Wish they were sending me.

I went last year, too. After this year, it'll be an every-other-year thing for me. Wife has determined that I'm not allowed to go without her. :)

That sucks. My wife started a new job last year which put us into the next bracket up. I mean, it doesn't suck...but it sucks.

As for our return, my wife and I usually give ourselves a few hundred each to buy something we want and the rest will probably go to our kids' 529 accounts.

Similar here - going into the pot for a trip to the UK this summer.

yeah, guess I should have paid more attention and probably could have negotiated some alternate compensation to keep me below the threshold.

Wheels and tires for my 69 Mustang and paying off my wife's Macys card, whatever is left goes to savings.

Not getting much of one. I'll probably owe the state around $100

Use it to pay down past due taxes from 2009! :mad:

Is that $4,500/yr or $45,000/yr? Why did you put a K on there? Is i it $4,500,000/year because that seems spendy.

Because, christ. I'd give my nut to be in only $4,500/yr. I'm shelling out just over $13,000/yr for pre school. My son's in 1st grade and private school is just a nut over $25,000/yr. That's before activities and shit. So, of course, little ****er is a hockey player. That cost me $1,400 for the fall season, another $1,800 for summer camps. Good news! Spring season is only $395. What could make this more expensive? Glad you asked. He's. A. Goalie. SMH. So that's an additional $800+ in goalie gear on top of his skate gear.

That's what I get for insisting we would never be a soccer family. I'm an idiot.

J


F


C

So you're floating the IRS an interest free loan of $8,500 or so? You're nicer than I.

I did get a pretty sweet tie for Father's day so that makes up for it.

It's northern VA. That's how shit is around here. You can't send them to public school though. Those people are animals. I know. I'm the product of public schooling.

High school goes up to anywhere from $35-$50K depending on whether or not he stays or goes to boarding school. Same for the girl.

So, to the OP. Yeah, like everyone else...hookers and blow.

Or a bulldog. I've wanted a bulldog for a while. I'd name him Meatlug and we'd have farting contests. My wife doesn't want a fat, slobbering, farting, animal around the house. Actually, she doesn't want another fat, slobbering, farting, animal around the house. But **** that noise. Meatlug would be awesome. I would take him to the office with me and he would chill on my big red chair.

Does Meatlug like peanut butter?

Straight. No testicles.

$4500 a year. Plus throw in the $2000 of scrip that we have to buy, another $400 a year that we have to in "fund-raising" and around 36 hours of volunteer hours that we have to complete.

new socks and skivvies.
gonna feel fresh.
sec

Oh Jeezis, they make you do community service like you're some kind of reprobate? That shit pisses me off. That's why I make my wife do all of that shit. She's the good natured bunny hugger. I'll bake the brownie for the bake sale but I'll be damned if I'm going to man the booth and sell tickets or whatever tha ****.

What refund money?

LOL! Exactly. I'm ALWAYS paying. More so over the past 5 or 6 years...:hmmm: