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Tax refunds! - Page 2

post #21 of 100
1/19/09 at 4:15pm
Quote:
Originally Posted by grniys View Post
I have our w-2's I'm just waiting on bank info. Just a couple bucks in interest here and there in our savings and such. So I'll hold off until that arrives.

I looked at the H&R block tax estimator and it says we should get over $7,000 back. I wasn't expecting that much, but they did tax the heck out of dh's re-enlistment bonus, so if it's somewhere in that range I will be so, so happy. Last year we got $400 back from state (we're NOT CA residents, so we file with Indiana and we'll still get our state tax $ back) and I'm hoping for at least that.

So if that's even close to being correct our car will get paid off and once dh gets home I'll be getting me a car! Woo hoo!
I just want to say how much it sucks that you have to pay taxes AT ALL, much less on an enlistment bonus when your dh is in the military. I think all military personnel should be tax exempt!
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post #22 of 100
1/19/09 at 4:20pm
Pretty much all of it is being thrown into the FFEF. The money that is left will be joined with a financial aid refund and an extra paycheck to pay the year's auto/rental/life insurance premiums, car repairs and registration, and vacation costs.
post #23 of 100
1/19/09 at 7:35pm
Quote:
Originally Posted by llamalluv View Post
I would file now just to get at the front of the queue. You'll be one of the first people to get a refund whey they decide to stop stealing your money.
This is what we'll do, simply because we *are* expecting a modest federal refund, and I always do the state and federal taxes at the same time.

For us, the state issue isn't the end of the world -- it will probably only be $200 or so -- but I feel for those folks for whom the expected refund would be a big boon. That's only the tip of the iceberg with CA's problems anyway. They're about to stop issuing welfare checks, too -- in LA county, the county will try to compensate as long as they can so as not to completely cut off needy families -- and that is just wrong.
post #24 of 100
1/19/09 at 8:33pm
I'm getting a decent federal refund but it's a good chunk less than I got last year so I am little bummed. My state refund is only like $100 but I think my tax guy did it wrong so I am having him re-look at it this week. I'm in CA though so I'm not expecting that anytime soon.
post #25 of 100
1/19/09 at 8:49pm
Quote:
Originally Posted by lemongrass View Post
Still waiting on W2s. :

We're using the money (should be around $5000, give or take $1000) to move and pay off some debt. Can't wait! :
Yup. We're paying of DH's short term tuition loan for this semester, putting $1000 back into my emergency fund, buying a kitchen aid (a small indulgence : ), and anything left goes toward cc debt.

I'm just drumming my fingers waiting for those W2's...
post #26 of 100
1/19/09 at 9:30pm
I am hoping we finally got the withholdings correct and do not receive a refund.

I'd rather not give the government an interest-free loan. And, in the case of our state gov't, it may be an indefinite interest-free loan...
post #27 of 100
1/19/09 at 9:35pm
We aren't able to file yet, but I have all the numbers. It looks like about $6800 back from federal and $900 from state. We paid nothing in federal tax all year but we get a lot back from the EITC and additional child tax credit.
post #28 of 100
1/19/09 at 10:08pm
I live in California. I alredy filed also. The article I read said that all returns will be delayed after Feb 1st. I think we made the cut-off. I filed on Jan 16th. We are getting $1300 back from the state. I am crossing my fingers that it shows up direct deposit this week.
We are also getting over $4000 back from feds. This is the least back in a long time. We dont qualify for EIC anymore so they get to keep way more than ever. We always liked having a big chunk of money in the early spring to move with or take a trip. Dh is against changing the witholdings. Me too because we can use it.
I am paying off $900 in debt and paying ahead in rent for 5 months. That is our plan.
post #29 of 100
1/19/09 at 11:38pm
We won't get DH's W-2 until Feb 2nd, I am sure. His employer waits until the very last second to send them out.

I am anticipating a large refund from the feds and that we'll owe a small bit to the state. No matter how many exemptions we have, this is how it always works.

I'd love to sock it away in savings, but DH has a few plans for part of it anyway. We'll see though.
post #30 of 100
1/19/09 at 11:45pm
About $6k between Federal and State. However the state is CA, so who knows when we'll get that money...
post #31 of 100
1/20/09 at 1:08am
Ours looks like it'll be in the realm of $6k. I'm going to refill our 6 month emergency fund, pay off some of dh's truck and set some aside for vacation.
post #32 of 100
1/20/09 at 1:29am
Quote:
Originally Posted by Usually Curious View Post
I just want to say how much it sucks that you have to pay taxes AT ALL, much less on an enlistment bonus when your dh is in the military. I think all military personnel should be tax exempt!
Thank you! I am your #1 fan! I love that they tax tax money.

Bonuses are outrageously taxed, but you do get some of it back.
post #33 of 100
1/20/09 at 2:22pm
I filed on the 13th and both state and federal have been accepted. We are getting back $5040 between the two. It's less than what we got back last year but I guess that's because we made a lot more this year. DH is getting all the money, we are separated and he's using all the money for rent and utilities.

We still own the house (outright) but it's so far out of the way that it doesn't make sense for him to live that far (35 miles) since he drops the kids off with me in the morning and I drop them off with him when I have to go to work in the afternoon. We can't be making that many trips a day.
post #34 of 100
1/20/09 at 3:08pm
We are filing sometime after this weekend. Not sure the exact #s yet, but we have 2 child tax credits coming plus we are taking the first time homebuyers tax credit ($7000)- which is like an interest free loan.

We will be paying off our new appliances (had to do cc ), gutting our bathroom, and very possibly paying off our car.

If there is any left over, which I doubt, we might get new gutters.
post #35 of 100
1/20/09 at 4:37pm
Will use some of it to pay off one credit card, the rest into my son's saving plan, about $500 towards a trip to Vegas with my girlfriends in Nov, the rest towards playing off hospital bills. Honestly, I'll probably use all of it towards paying off hospital bills so I can be done with this mess.
post #36 of 100
1/20/09 at 7:00pm
I'm a bit worried... but we have gotten money back every year. ugh. the wait is killing me. no w-2's yet.

h
post #37 of 100
1/20/09 at 10:53pm
Quote:
Originally Posted by thixle View Post
We are filing sometime after this weekend. Not sure the exact #s yet, but we have 2 child tax credits coming plus we are taking the first time homebuyers tax credit ($7000)- which is like an interest free loan.

We will be paying off our new appliances (had to do cc ), gutting our bathroom, and very possibly paying off our car.

If there is any left over, which I doubt, we might get new gutters.
What is this?
post #38 of 100
1/20/09 at 11:02pm
Yes, I filed already. Got my W-2 on Friday from work and filed online. $843 coming from the Feds. Broke even with the State.

Got the free version of TurboTax (same as last year) because I'm a State Farm customer. In IL, you can e-file free right on the IL Department of Revenue's website.

Trying to decide what to do with it. The only debt I have is about $2300 on my car loan, but I'm paid ahead through May. I'm probably going to dump it into savings - always good to have money in the bank and I'm going to need a crown or two soon.
post #39 of 100
1/21/09 at 1:40am
We're still waiting on W2s, and probably will be for the entire month of January if last year is any indication. DH says we're getting money back, although he hasn't mentioned a figure yet. I think he's afraid to tell me how much in case he miscalculated. Which has happened in the past.

We're putting it allllll in savings. Immediately.
post #40 of 100
1/21/09 at 1:46am
Would get $4800 from federal but have to pay SE taxes out of it, so I'm getting about $3500 back, and about $250 state. Will be moving with all of it.