Discussion in 'The Lounge' started by steve_kibbe, Apr 15, 2005.
i gotta pay $1350, but i'm filing an extension due to my hernia and lack of funds
i got $29 Fed Refund
and a $24 State bill
net refund of $5 woohoo!
I got a $490 refund from federal, but had to pay $93 for state, so I was just under $400 ahead in the end.
Of course I had to pay. If I got a refund it means I screwed up somewhere. I have never under stood why people are happy when they get a Tax refund.
If you got a refund, all you did was give an intrest free loan to the government.
I would rather pay what I owe on April 15 and keep the money invested till then. At least I get the intrest off of it. Not the government!
I'm the tax man, I'm the tax maaaaannnnnnnnn
Paid my quarterly's
Every time we get cash back we apply it to next years quarters. This year we had to pay out regardless.
We got the usual return we always do .. about 2,200 bucks.
I am getting like $1,200 total back. Just filed so maybe in june when I forget about it it will show up
I think most ppl are happy because if they didn't over pay, they wouldn't have saved the money. That said, if you put your money in a "savings account" you might make.....$10-$20.....maybe. Last, I don't see how the "government" gets your interest $$$ when their is a national debt.
Made money from the feds but the state one is a little confusing, but I will give it a try.....
I live in Arizona and work in California. All my money is held in California, I paid in 2k and owed Arizona 1800. When I got my refund from California the would only give me back 1700 so I had to pay an extra 100 bucks to Arizona and stupid California took 300 bucks.
I don't need, or miss the 2,200 all year.. so I'd prefer to just do the paperwork, and have some come back, instead of having to write a check to them. Either way it's the same really ... pay them now, or pay them later. But I know what you're saying .. and agree to a point. Years ago I needed every penny all year ... and then ended up paying 30 bucks or whatever. These days, my income is much more comfortable.. and it's a non-issue.
I made out the last two years. Gotten 4000-4500 back. Only paid in about100 each year. My wifes business is the reason though. No more losing money anymore LOL.
Note in my post i said "invested". I make a lot more than 10-20 bucks.
I realise its hard for people to save money. So a tax refund seems like a windfall. But in reality it is money you have overpaid the government. The government takes it from you uses it for a time then gives it back with no interest. SO......... Who is getting screwed in this deal?
I would rather adjust my deductions to where I break even or have to pay. I can manage my money far better than the Federal Government so why should I give them any more than I have to?
Oh BTW I have formally declared April 15 a holliday!
I invite everyone to join me and take the day off work.
I got a nice chunk back, it's already spent on our upcoming driveway project...
We somehow run out of money all the time, and I'm a crappy investor (short term, like a year), so I'm perfectly happy with an untouchable savings account that gets emptied at the beginning of every year. If that money were in my paycheck instead, I have no doubt it would evaporate like the rest of my money.
I'm gonna have to pay over $2,000 due to my withholdings being set up for a family of 4 but I went thru a divorce at the end of the year and now will be filling as single.
Friend of mine was a character Westerns actor, RIP Gene. Got paid in large lump sums with long, dry spells in btwn. Had his deductions set at 92 to come out even.
Money back, but too much of it. Need to reset my own deductions.
I second this notion, I did today
What kind of investments are you using?? Cd, Annuity that you can't lose money with?? Personally, I don't pay but once a year(self employed). I can pay quarterly, but I haven't in the past, and probabily won't in the future.
When you file you should be able to claim them for the time they were your dependants. I could be wrong(not a tax expert). Doesn't see right to have to pay when they lived under your roof and under your support for months.
I got back over $3000 from federal and like $500 from state... I also bought a house last year and have a hefty child care bill and tax cuts for an office in the house.
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