How much was your tax return for?

Ryanwb · April 11th, 2007, 06:23 PM

Got the biggest return of my life.... $3015.00, but had to pay $97.00 to the state.

I have the state take out the 2nd most it allows, what do you have to do to keep these people happy?

dreamcastrocks · April 11th, 2007, 06:27 PM

I got a huge chunk, over 5k, but I paid it all to the US Govt so that I could reduce my student loan debt.

I should have bought Cards season tix with the dough instead.

Hollywood · April 11th, 2007, 06:49 PM

Quote:

Originally Posted by dreamcastrocks

I got a huge chunk, over 5k, but I paid it all to the US Govt so that I could reduce my student loan debt.

I should have bought Cards season tix with the dough instead.

Yes you should have.

I had to pay just over $3000 to the federal gov.

Brian in Mesa · April 11th, 2007, 06:54 PM

Wow. Did everyone do their taxes early this year? There's still plenty of time to file.

Dback Jon · April 11th, 2007, 07:24 PM

I owe. NO filing yet.

Ryan - is this a way to see who can afford to buy your LA-Z-Boys?

O · April 11th, 2007, 07:30 PM

I always pay.

Lefty · April 11th, 2007, 07:30 PM

Quote:

Originally Posted by Dback Jon

I owe. NO filing yet.

Ryan - is this a way to see who can afford to buy your LA-Z-Boys?

I do mine early because I got over $1000.00. If you owe, file your taxes at the last minute.

Brian in Mesa · April 11th, 2007, 07:34 PM

Quote:

Originally Posted by Dback Jon

I owe. NO filing yet.

Ryan - is this a way to see who can afford to buy your LA-Z-Boys?

Jersey Girl · April 11th, 2007, 08:06 PM

I'm getting a nice return this year. It will probably be my last nice return since I no longer have the house deductions.

jefftheshark · April 11th, 2007, 08:10 PM

Stupid me, I thought it said are you paying more than $2000.

The Shark

Ryanwb · April 11th, 2007, 09:06 PM

Quote:

Originally Posted by Dback Jon

I owe. NO filing yet.

Ryan - is this a way to see who can afford to buy your LA-Z-Boys?

Yeah, I'm going to start cold calling

Heucrazy · April 12th, 2007, 11:32 AM

I paid 2400 bucks. Stupid government.

Gizmo Williams · April 12th, 2007, 11:40 AM

In actuality...you are better off owing a little than getting a huge refund. The actual amount of tax you owe in a year does not change...it is only the amount of withholding from your paycheck. So if you get have too much withheld and get a refund, you are basically providing an interest free loan to the government that they repay when you file your taxes. It is better to have that money put into your paycheck each month and get to use it throughout the year....or earn interest on it.

Hollywood · April 12th, 2007, 12:41 PM

Quote:

Originally Posted by Gizmo Williams

In actuality...you are better off owing a little than getting a huge refund. The actual amount of tax you owe in a year does not change...it is only the amount of withholding from your paycheck. So if you get have too much withheld and get a refund, you are basically providing an interest free loan to the government that they repay when you file your taxes. It is better to have that money put into your paycheck each month and get to use it throughout the year....or earn interest on it.

But if you are like most people that extra money you would receive in your paycheck would be blown insted of saved. In that case you are better off letting uncle sam hold it for you.