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-   -   Tax season (http://www.jeepforum.com/forum/f7/tax-season-232009/)

TheAdjuster 01-24-2006 11:36 PM

Tax season
 
Itís that that time of the year again. I just completed my tax return (I know, I'm early). I'm getting $2400 back, so I'm happy (I would have owed $400 if it wasn't for the house and student loan deductions). Itís not going for anything fun (paying off 3 year old college debt, but I only owe $1300 now for school) but its payments I won't have to make in a month or two that I can then spend on fun stuff. What are everyone else's expectations?

XJ4oh 01-24-2006 11:43 PM

Not 100% sure yet, but hopefully I wont owe a few hundred like I did last year. Id be happy to get a penny back..:rofl:

Kuasimodem 01-24-2006 11:43 PM

Just filed mine on Sunday through taxslayer.com (like I've done the last 3 years) and I should have $4300 or so in my account by next Friday (direct deposit rock!)

Lift, tires, rims, bumpers, SYE, DS:D My XJ's gonna do some growing soon.

kairo 01-24-2006 11:43 PM

always better to owe a little bit of money at tax time, then to receive

LankyXJ 01-25-2006 01:24 AM

I haven't done my taxes yet, but hoping I will get a few bucks back. Last year I had to pay like $500 b/c I accidentally claimed too many dependents, but I sorted all that out this past year. Guess I'll just have to see when I get around to doing them this year.

cmotsvt 01-25-2006 02:19 AM

Taxes done as of tonight, will get back a little over 1k, mostly going to pay for LP to keep me warm.

charlescho 01-25-2006 03:28 AM

Quote:

Originally Posted by kairo
always better to owe a little bit of money at tax time, then to receive


reason for...? :( I thought during tax time it was all about getting some back :confused:

kairo 01-25-2006 03:37 AM

Quote:

Originally Posted by charlescho
reason for...? :( I thought during tax time it was all about getting some back :confused:

money that you receive back, means money the government has kept from you that it owes you. Ideally you keep all your money all year (plus owe a little bit). Keep that money working for you in investments and savings. Money recieved come refund day, is money that has earned no interest :(

charlescho 01-25-2006 04:22 AM

oh I see...still being under my parent's roof I dont know much about the real life situations :p

I just saw that your located in Reno, Im in Davis, currently enrolled in UC davis :)...and Ive always seen the signs to RENO and what not and I didn't know it was all the way in NV...I thought it was in california :p


thanks for the info btw :)

drummerwookie 01-25-2006 05:17 AM

well, i know last year, when i had a part time job only making 7 bucks an hr, i got 600 bucks back...so now that im at a full time job, i hope to get a little more back

table 01-25-2006 08:39 AM

Last year i got 140 bucks back, minus 99 bucks for friggin H&R Block. they won't tell you how much they charge till they're done. screw that, i got turbo tax for $20 this year and doing it myself.

ArloGuthroJeep 01-25-2006 09:05 AM

Last year I went to Vegas and won $1600...then I filed my tax return and got another $1550 from that...and so started my Jeep expenses:rolleyes: I hope to be getting a few hundred back this year.

Texan4life 01-25-2006 09:32 AM

I typically get $2500-$3000 back. I decreased my deductions to try to minimize that. I also made more money this year than the last few years. So I have no idea what my tax return situation will be. I guess I have to wait until I get all my paperwork and see.

cmotsvt 01-25-2006 10:24 AM

In my savings account with 2.5% interest, $1000 wouldnt amount to enough interest to go to a fancy restaurant. Getting money back is just fine with me.

grogie 01-25-2006 11:57 AM

Taxes blow. They just never get enough... :(


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