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LAN Party Forums => General Discussion => Started by: Mr.Tibbs on March 21, 2009, 10:50:17 AM

Title: So how much you getting back?
Post by: Mr.Tibbs on March 21, 2009, 10:50:17 AM: I am getting $2k back from my tax return.
Title: Re: So how much you getting back?
Post by: The Shoctor on March 21, 2009, 12:43:16 PM: -$2500
Title: Re: So how much you getting back?
Post by: _!Rathe!_ on March 21, 2009, 01:01:47 PM: I got around $725. I used it for my new case and computer upgrades.
Title: Re: So how much you getting back?
Post by: Czar on March 21, 2009, 02:52:45 PM: $6450

Max withholdings plus child. Love it. Already received and sent off to pay some debt.
Title: Re: So how much you getting back?
Post by: _!Rathe!_ on March 21, 2009, 05:55:57 PM: Quote from: Czar on March 21, 2009, 02:52:45 PM
$6450

Max withholdings plus child. Love it. Already received and sent off to pay some debt.

You could withhold less and get $500 more a month rather than $6000 back from taxes.
Title: Re: So how much you getting back?
Post by: Czar on March 21, 2009, 06:02:49 PM: I'll take the nice refund, thanky. Like a little new years bonus.
Title: Re: So how much you getting back?
Post by: wallzy on March 21, 2009, 10:32:30 PM: HAHAHAHA got u all beat bitches....8200...HAHAHAHHAHAHA
Title: Re: So how much you getting back?
Post by: Mr.Tibbs on March 21, 2009, 10:53:04 PM: Quote from: wallzy on March 21, 2009, 10:32:30 PM
HAHAHAHA got u all beat bitches....8200...HAHAHAHHAHAHA

Well we are not the ones with like 18 kids. Energizer Bunny.
Title: Re: So how much you getting back?
Post by: Dwg115 on March 22, 2009, 12:22:37 AM: 3k for me..
Title: Re: So how much you getting back?
Post by: decepticon on March 22, 2009, 06:40:22 AM: We haven't done ours yet. I am hoping for at least something back. Last year was a nightmare.
Title: Re: So how much you getting back?
Post by: The Shoctor on March 22, 2009, 08:54:48 AM: Apparently I am the only one with a negative. You all can bite me!
Title: Re: So how much you getting back?
Post by: sully! on March 22, 2009, 02:36:45 PM: No, I owe too, but it's only about $66. I went the route of trying to maximize my income throughout the year rather than the big refund at the end of the year and to only owe $66, I think I did pretty well.
Title: Re: So how much you getting back?
Post by: Dwg115 on March 22, 2009, 03:01:04 PM: yea they say being as close to zero is the way to go!
Title: Re: So how much you getting back?
Post by: wallzy on March 22, 2009, 07:38:51 PM: Quote from: Mr.Tibs on March 21, 2009, 10:53:04 PM
Quote from: wallzy on March 21, 2009, 10:32:30 PM
HAHAHAHA got u all beat bitches....8200...HAHAHAHHAHAHA

Well we are not the ones with like 18 kids. Energizer Bunny.

they gotta pay off at some point
Title: Re: So how much you getting back?
Post by: MahoneyRed on March 22, 2009, 11:04:28 PM: got back my return and paid off my truck with it. Of course when you do that there is some weird interest remainder that kicks in and I wind up still owing $1.42...

I'm afraid to pay the $1.42 lest my engine fall out tomorrow.

As to what the wife spends her portion of the return on... I don't know... a new vacuum cleaner?
Title: Re: So how much you getting back?
Post by: The Nstuff on March 23, 2009, 06:45:07 PM: Quote from: The Shoctor on March 22, 2009, 08:54:48 AM
Apparently I am the only one with a negative. You all can bite me!

That just means you are doing better than most of us. Interest free loans to the government suck. Those getting more than $500 or so are losing out if they just did their W4 right and put the extra money away in an interest-bearing account.
Title: Re: So how much you getting back?
Post by: _!Rathe!_ on March 23, 2009, 06:59:11 PM: So does that mean you would be really smart to take the extra you get each year and throw it into savings directly. Then pay back Uncle Sam at the end of the year minus the amount you made on interest.
Title: Re: So how much you getting back?
Post by: The Nstuff on March 23, 2009, 07:30:31 PM: I don't think so, the feds are there to take our money from us, and if nothing else, they are really really good at that. Found an article talking about penalties you will see if you tried to claim too many deductions on your W4:
http://www.ehow.com/about_4598569_w-tax-withholding-forms.html (http://www.ehow.com/about_4598569_w-tax-withholding-forms.html)

But i'm was more leaning towards just setting your W4 so you get as close to $0.00 owed or refund as possible.

If you feel that you can't trust yourself to take a small percentage and put it away in a money market or savings account, many companies that do direct deposit, will also split up your paycheck into separate accounts. You won't even see the money to begin with then and at least it's collecting interest.
Title: Re: So how much you getting back?
Post by: {ShadowWX} on March 24, 2009, 06:44:11 AM: I already got mine and it all gone now.