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#1 of 100 Old 01-17-2009, 03:21 PM - Thread Starter
 
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Have you filed yet? How much are you getting back? If you haven't, how much do you think you'll get back?

I'm getting $778 from federal and $119 from the state! : I only paid in $447 in federal, but since I didn't make enough last year to have to file (and would have owed if I did -- : my old job screwed up the paperwork and didn't withhold anything but SS and medicare) I get last year's stimulus money this year!

What are you planning on doing with your money? I'm going to get some much needed household stuff (curtains and paint for my kitchen) and clothing, and the rest is savings/emergency money, which I desperately need.

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#2 of 100 Old 01-17-2009, 04:03 PM
 
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My tax software won't let me file until the update on the 29th, and won't let me calculate state taxes until the 23rd. But, we're getting $1500 back in federal (out of like $1880 withheld). I think state refund should be high too they withheld a lot (over 2k). It's weird, DH took a ton of deductions yet they withheld so much. Ah well at least it helped the gov't somewhat, and it's nice to get it all back as a sorta windfall.

With the refund we're paying our midwife, then paying down a credit card.
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#3 of 100 Old 01-17-2009, 05:09 PM
 
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I have e filed will be recieving a decent refund federal and under 50 state, no plans for sure but,im looking at mini lap tops.
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#4 of 100 Old 01-17-2009, 05:23 PM
 
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Not sure what, if any, we'll get back frm the state sin which DH paid taxes this year, but federal, we know it's a LOT....Its going towards a vehicle for DH and savings and the remainder starts my fund for laminate flooring/home improvements. Assuming DH gets a job by March that is...Otherwise, it may have to go to living expenses at some point as well as a new vehicle.
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#5 of 100 Old 01-17-2009, 05:24 PM
 
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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! :
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#6 of 100 Old 01-18-2009, 08:17 PM
 
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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! :
we're still waiting on w-2's also.
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#7 of 100 Old 01-19-2009, 12:32 AM
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We never changed my husband's withholding from last year when I was making $30K so we are getting back about $4,000 in overpaid taxes. I'm almost positive that's after the $1200 stimulus check is taken into account, so we actually over-withheld by about $5,000.

Almost no one gets their W-2s until the very last week of January. I'm basing my numbers on estimates from our paycheck stubs.

We are planning on using $1500 for our spring vacation, and the rest will go straight to debt. The $2500 will wipe out our last credit card and most of my small student loan. But we are considering flipping the debt snowball around and applying it all to the auto loan, which has the highest interest rate and the highest monthly payment. I think we will be done with the last credit card before we even get our refund, because DH has been working a lot of overtime and has been bringing home checks of almost double his base pay.
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#8 of 100 Old 01-19-2009, 12:36 AM
 
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I'm sure I owe about $5,000 in taxes. No refund for me.
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#9 of 100 Old 01-19-2009, 12:55 AM
 
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We got back about $6,500 last year. Things are different this year because I changed my withholding and when I lost my job, I didn't have them take taxes out of my unemployment for 3 months, but I don't think it will make a HUGE difference because DH makes more money this year and we have a new roof to write off.

We're paying off DH's credit card debt and buying a new couch this year.
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#10 of 100 Old 01-19-2009, 02:24 AM
 
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I'm getting back about $3500, between federal and state. Paying some towards my car, at least half goes straight to savings, and some to take ds to disney world this spring

Steph, DH Jason (1-1-11), DS Owen (10-3-03) and DS Kai (10-13-11)

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#11 of 100 Old 01-19-2009, 09:08 AM
 
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We will be putting a big wedge toward the mortgage and then using the rest to pay off my car.That will save us $500 a month.come sept we will have a $500 school bill so this will be just in time

Natasha,Mum to many.
"We make a living by what we get, but we make a life by what we give." ~ Sir Winston Churchill
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#12 of 100 Old 01-19-2009, 01:24 PM
 
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Wow we haven't even gotten any tax paperwork in the mail yet! Well other than that 1040 of course

Lisa, mama to A (3/05) and R (11/07) and L (8/10)
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#13 of 100 Old 01-19-2009, 02:11 PM
 
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We haven't gotten any 2008 papers yet, but our state is broke, and there was just an article in the paper yesterday that all state tax refunds will be suspended indefinitely until CA in back in the black.
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#14 of 100 Old 01-19-2009, 02:23 PM
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Originally Posted by Livviesmom0207 View Post
We got back about $6,500 last year. Things are different this year because I changed my withholding and when I lost my job, I didn't have them take taxes out of my unemployment for 3 months, but I don't think it will make a HUGE difference because DH makes more money this year and we have a new roof to write off.

We're paying off DH's credit card debt and buying a new couch this year.
How are you writing off a roof?
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#15 of 100 Old 01-19-2009, 02:27 PM
 
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Some of mine will be going for a professional wardrobe boost (in in the market for a job), dental work, and the rest for savings. I'm trying to move by June, so any money I can possibly save is going in my moving fund.
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#16 of 100 Old 01-19-2009, 02:33 PM
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We haven't gotten any 2008 papers yet, but our state is broke, and there was just an article in the paper yesterday that all state tax refunds will be suspended indefinitely until CA in back in the black.
Whoa. I would so be putting down 10 exemptions on my state withholding form.
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#17 of 100 Old 01-19-2009, 02:36 PM
 
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We haven't gotten any 2008 papers yet, but our state is broke, and there was just an article in the paper yesterday that all state tax refunds will be suspended indefinitely until CA in back in the black.
:

We have all our papers already, but there's no point in filing until the state is actually paying. And if they're not paying by April, then we'll probably just file then to meet the deadline.

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#18 of 100 Old 01-19-2009, 02:39 PM
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:

We have all our papers already, but there's no point in filing until the state is actually paying. And if they're not paying by April, then we'll probably just file then to meet the deadline.
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.
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#19 of 100 Old 01-19-2009, 02:57 PM
 
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No w2s yet but expect a lot back- usually get because of kids and low income. We need a new car and pay our winter gas bill (will be appx.$1000 by the time we get money) also expecting in april and need to buy everything nessicary for him (nothing left over from ds4). Was hoping to save to supplement lack of my income (going on leave in a few weeks) till I get back to work after babe.

But am having a lot of doubts now w/the economony on the plans.Dh just mentioned last night his boss is thinking about laying off people (owns small resturant where dh works) and not sure who this will be.Maybe we should just save all except for the absolute nessacaries.
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#20 of 100 Old 01-19-2009, 03:59 PM
 
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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!

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#21 of 100 Old 01-19-2009, 04:15 PM
 
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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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#22 of 100 Old 01-19-2009, 04:20 PM
 
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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.
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#23 of 100 Old 01-19-2009, 07:35 PM
 
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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.
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#24 of 100 Old 01-19-2009, 08:33 PM
 
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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.

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#25 of 100 Old 01-19-2009, 08:49 PM
 
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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...
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#26 of 100 Old 01-19-2009, 09:30 PM
 
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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...

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#27 of 100 Old 01-19-2009, 09:35 PM
 
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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.
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#28 of 100 Old 01-19-2009, 10:08 PM
 
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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.
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#29 of 100 Old 01-19-2009, 11:38 PM
 
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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.
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#30 of 100 Old 01-19-2009, 11:45 PM
 
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About $6k between Federal and State. However the state is CA, so who knows when we'll get that money...
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