Money It's that time of year, TAX RETURN TIME! - Page 7

donkhater · 01-31-2013, 06:47 PM

I get pissed if I owe or get refunded more than $500. My work bonus varies so much that's the best I can do to get within a window. If outside either way, I don't like it.

**hometeam** · 01-31-2013, 07:13 PM

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.

**hometeam** · 02-02-2013, 02:01 AM

Quote:

Originally Posted by hometeam

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~

GoHuge · 01-31-2013, 08:05 PM

No refund for me......beauty of owning your own company. Just hoping to write off as much as I can. The two checks I had to stroke last year sucked ****in ass. I've gotten a lot better at keeping track of things I can write off as this is year 3 now. I don't own a home because I don't know where I'm going to be in life in 5 years. Doing the renting a nice condo thing now. I don't need all the space of a house and without a family I don't really see the benefit. After interest and personal property tax the house is about a wash with the space and the sweet rental arrangement I have and I love the area I'm in. No maintenance, something breaks they come fix it, and I can give 30 days notice and I'm outta there penalty free. Suits my life for the present perfectly. For those getting a refund enjoy! If I can keep my tax bill from having a 2 in front of it I'll be pumped.

**LoneWolf** · 01-31-2013, 08:29 PM

Just totaled out my 2009 GMC Sierra with only two payments left before it was paid off. Any return we receive will be used to help pay off whatever new vehicle we decide to buy.

ClevelandBronco · 01-31-2013, 09:44 PM

People who don't know the difference between a tax return and a tax refund drive me crazy.

Jenson71 · 01-31-2013, 11:53 PM

Quote:

Originally Posted by ClevelandBronco

People who don't know the difference between a tax return and a tax refund drive me crazy.

I GET REALLY EXCITED ABOUT MY TAX RETURN.

BWillie · 02-01-2013, 12:34 AM

I make quarterly payments..im already fuked

**Buehler445** · 02-01-2013, 07:40 AM

Quote:

Originally Posted by BWillie

I make quarterly payments..im already fuked

Next year I get to do that. Hooray!

**SAUTO** · 02-03-2013, 11:30 AM

Quote:

Originally Posted by Buehler445

Next year I get to do that. Hooray!

Shit I've been doing that for a while. Sucks
Posted via Mobile Device

markd2000 · 01-31-2013, 11:42 PM

I'm planning to cut a check to the IRS for about $20,000 in April and couldn't be happier. Why you ask? Well that $20k has been sitting in a tax-exempt bond fund that returned about $800 in tax free interest. It also appreciated about $600, which was a bonus. Now I could have been much more conservative and put it in a money market fund and earned about $200. So the point is, $200 or $1400 - that's money in my pocket. I always withhold the bare minimum needed to avoid getting an under-withholding penalty.

Bonus tax advise: Check out Form 8880. If you make below certain income thresholds, are not claimed as a dependent, born before Jan 1 1995, and not a student, then you can receive a tax credit up to $1000 for contributions up to $2000 to an IRA. That's as much as a 50% match by the government! Go for the Roth. Thats all.

**ChiefGator** · 02-01-2013, 05:37 AM

I'm getting close to $4000 this year for the first time. I usually set my taxes pretty well, so my refunds are < $500. But, this year I got married and we are filing jointly.

Using it to pay off debts... Debt free in 2013.

**luv** · 02-01-2013, 02:06 PM

Paying off my car!

Dante84 · 02-01-2013, 02:36 PM

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.

RedDread · 02-03-2013, 12:24 PM

Got back $666 federal, maybe they're trying to tell me something...

01-31-2013, 06:47 PM	#1
donkhater Brilliant!! Join Date: Sep 2000 Location: Indiana, USA Casino cash: $10014051	I get pissed if I owe or get refunded more than $500. My work bonus varies so much that's the best I can do to get within a window. If outside either way, I don't like it. __________________ The welfare of humanity is always the alibi of tyrants
Posts: 3,994

01-31-2013, 07:13 PM	#2
hometeam Supporter Join Date: Jul 2011 Casino cash: $1461956	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.
Posts: 10,771

01-31-2013, 08:05 PM	#4
GoHuge The Truth Join Date: Dec 2005 Location: Overland Park Casino cash: $10006072	No refund for me......beauty of owning your own company. Just hoping to write off as much as I can. The two checks I had to stroke last year sucked ****in ass. I've gotten a lot better at keeping track of things I can write off as this is year 3 now. I don't own a home because I don't know where I'm going to be in life in 5 years. Doing the renting a nice condo thing now. I don't need all the space of a house and without a family I don't really see the benefit. After interest and personal property tax the house is about a wash with the space and the sweet rental arrangement I have and I love the area I'm in. No maintenance, something breaks they come fix it, and I can give 30 days notice and I'm outta there penalty free. Suits my life for the present perfectly. For those getting a refund enjoy! If I can keep my tax bill from having a 2 in front of it I'll be pumped.
Posts: 3,991

01-31-2013, 08:29 PM	#5
LoneWolf Constable of Untruths Join Date: Oct 2010 Location: Wichita Casino cash: $-988916	Just totaled out my 2009 GMC Sierra with only two payments left before it was paid off. Any return we receive will be used to help pay off whatever new vehicle we decide to buy.
Posts: 15,435

01-31-2013, 09:44 PM	#6
ClevelandBronco I'm with the banned. Join Date: Sep 2006 Casino cash: $5658955	People who don't know the difference between a tax return and a tax refund drive me crazy. __________________ "Faith and reason are like two wings on which the human spirit rises to the contemplation of truth ..." – Pope Saint John Paul II
Posts: 28,113

02-01-2013, 12:34 AM	#8
BWillie Are you ready to Rumble? Join Date: Apr 2006 Casino cash: $-1508759	I make quarterly payments..im already fuked
Posts: 52,955

01-31-2013, 11:42 PM	#11
markd2000 Starter Join Date: Dec 2004 Casino cash: $10005342	I'm planning to cut a check to the IRS for about $20,000 in April and couldn't be happier. Why you ask? Well that $20k has been sitting in a tax-exempt bond fund that returned about $800 in tax free interest. It also appreciated about $600, which was a bonus. Now I could have been much more conservative and put it in a money market fund and earned about $200. So the point is, $200 or $1400 - that's money in my pocket. I always withhold the bare minimum needed to avoid getting an under-withholding penalty. Bonus tax advise: Check out Form 8880. If you make below certain income thresholds, are not claimed as a dependent, born before Jan 1 1995, and not a student, then you can receive a tax credit up to $1000 for contributions up to $2000 to an IRA. That's as much as a 50% match by the government! Go for the Roth. Thats all.
Posts: 56

02-01-2013, 05:37 AM	#12
ChiefGator Can these boys not play? Join Date: Apr 2001 Location: Northcentral Florida Casino cash: $6452956	I'm getting close to $4000 this year for the first time. I usually set my taxes pretty well, so my refunds are < $500. But, this year I got married and we are filing jointly. Using it to pay off debts... Debt free in 2013. __________________ - Mark
Posts: 4,706

02-01-2013, 02:06 PM	#13
luv You think you can get by this? Join Date: Dec 2004 Location: Springfield, MO Casino cash: $-1250000	Paying off my car!
Posts: 63,567

02-01-2013, 02:36 PM	#14
Dante84 Tossed Salad & Scrambled Eggs Join Date: Jan 2009 Location: ATX & OPKS Casino cash: $-2068004 VARSITY	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. __________________ ..
Posts: 20,458

02-03-2013, 12:24 PM	#15
RedDread Veteran Join Date: Nov 2003 Location: Back in KC Casino cash: $10007771	Got back $666 federal, maybe they're trying to tell me something...
Posts: 4,167

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