It's that time of year, TAX RETURN TIME!

[SAUTO]

Originally Posted by loochy

yeah but it also sucks that you know you'll be paying like $150,000 more than your actual house costs because of interest

dont finance for 30 years.

[loochy]

Originally Posted by JASONSAUTO

dont finance for 30 years.

maybe you don't know how much my house cost on a 15

[Buehler445]

Originally Posted by JASONSAUTO

dont finance for 30 years.

Well, it depends. For people that are regular wage earners and the house is going to be their only major purchase in their lifetime and they are comfortable with the costs of money as long as they can make the payments, it isn't that bad of a deal.

You have to worry about ROI, most regular homeowners don't. And depending on life goals, that can be OK.

[Omaha]

Originally Posted by loochy

house principle

That will probably net you a solid 2% return after taxes.

[Bweb]

Man...12 posts in and I am the first with,

Going to spend it all on "Hookers and Blow"

[2112]

I try and break even, why would you want the government holding your money and making interest on it when you can already have it?

[loochy]

Originally Posted by Griswald

I try and break even, why would you want the government holding your money and making interest on it when you can already have it?

because sometimes it can be really difficult to accurately calculate how much tax you will owe

and I definitely want to make sure I don't have to pay at the end of the year - that's a kick in the nuts for sure.

also it's nice to give yourself a little present at the end of the year.

[El Jefe]

Originally Posted by loochy

because sometimes it can be really difficult to accurately calculate how much tax you will owe

and I definitely want to make sure I don't have to pay at the end of the year - that's a kick in the nuts for sure.

also it's nice to give yourself a little present at the end of the year.

Exactly.

[okoye35chiefs]

Originally Posted by Griswald

I try and break even, why would you want the government holding your money and making interest on it when you can already have it?

I'm with you here... I stay even and pick up a couple hundred from st and fed.

[okoye35chiefs]

don't get a huge return.

i always wanted to keep even with the government, don't want them to use me as a savings account and I dont' want to owe....stay right in the middle with a small return..

I have been audited the last two years so this year I can't wait to get the LETTER...

[kepp]

Originally Posted by okoye35chiefs

don't get a huge return.

i always wanted to keep even with the government, don't want them to use me as a savings account and I dont' want to owe....stay right in the middle with a small return..

I have been audited the last two years so this year I can't wait to get the LETTER...

Audited two years in a row? What kind of red flags do you set off?

[cookster50]

Originally Posted by kepp

Audited two years in a row? What kind of red flags do you set off?

Claimed his name was Saddam Hussein.

[Buehler445]

I think they audit you once and then follow up the next year. Particularly if they find anything.

[loochy]

Originally Posted by kepp

Audited two years in a row? What kind of red flags do you set off?

added dog as a dependent

[Strongside]

I made a lot of charitable donations and worked a lot of pro-bono hours this year. As well as paying in much more than my bracket dictates...I'm hopeful for a solid return. If so...it's high time to buy my girl a ring. We've been together 11 years in June. High School sweethearts. We've both been putting off engagement until we were financially stable, so it's not just my fault, lol.