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Done. Getting a nice refund as usual, but I realized I forget to deduct my property tax payment in 2010. I could've really used that extra cash.
This post was edited by Terpetrator 2 years ago
Yeah i got about four grand between state and federal. Paying $30k in tuition for grad school will do that.
Amend 2010. You can still get the money.
Also, you realize if you're getting a nice refund every year it means you need to reduce your withholding. You're much better off having access to your money throughout the year than waiting until March of the following year.
So refile your 2010
I owe $160 to state and am getting $154 from federal.
How much do you owe to other people?
LBT just bought me a camera with my return.
classlessthug: I have too much on my plate to worry about the fact that my junk intimidates some needle D undergrad.
Oh hell yes. I need the money.
Already have my state refund back, waiting on the Feds.
Same for me, VA came back two days after electronic file. Feds are backed up.
$5000 back between Fed and State and we desperately needed the money.
If this is a normal refund for you, you need to adjust your wishholdings and not have an extra $5000 taken out of your checks throughout the year.
I'm not even close to the 4k and 5k refunds that other people here have mentioned. I'm fine getting a little chunk back at the end of the year. I'm not adjusting anything.
Got about $9000 back from federal (married, then wife decided quit work and go back to school), but some reason I owed VA $5
I got 1500 back from feds and 250 from state. Not a bad mid semester pay day for a college kid
Im going to get about 4300 total back between federal and state (started working fulltime in July). It's going to be awesome.
We all understand that we are effectively giving the Feds an interest free loan on our own money. But for me this is the best way for me to end up with a big check that I can either pay my property tax or use for something else.
By adjusting my withholdings the additional 47.13 per check or whatever will disappear in the world of groceries and greens fees. By having more taken out I know I'll get a couple of thousand back. Besides with today's interest rates we're really not giving up much interest at all. Pennies really.
This is pretty much the eay I feel. People I know who know a lot more about the world of finance than I do keep telling me I'm crazy to have a large refund instead of that money throughout the year, nut I feel like I won't even notice that extra cash if it's spread out over 12 months.
You guys really don't have the discipline to save throughout the year?
First off, $5K over a year is a lot more than $47 per check. Why wouldn't you just put the extra amount into a separate account each month? Sure, it doesn't make as much difference now with low interest rates, but that's not always the case, and people have been making the same argument since the dawn of time, or income tax, whichever was first.
I've got a wife and 3 kids. So, to answer your question, NO.
I think that there must be an algorithm to tell you how much is too much at the end of the year based on your expenditures, income, tax bracket, etc. I mean who wants to break even, or worse owe more at the end of the year? I like my bases covered, and getting a check that is basically equal to a couple of weeks pay is okay with me.
I was very anxious that I hadn't filed the first week in February as I normally do. My accountant who does my corporate taxes was behind and I couldn't do my personal filing without that K1.
This is simply not true for many, perhaps even most people in the world. Getting a sizable refund implies that you are living below your means throughout the year, which is much, much, much more valuable than $39 in lost interest from some savings account.
Yea having access to your own money definitely means you are unable to "live below your means."
Some of these people are getting $5,000 back. That's over $200 per paycheck. How do you not realize the value in keeping an extra $200 every paycheck. No one is forcing you to spend it.
The more you take home, the more you spend on shit you don't need. This is true for 99% of Americans. Very, very few people out there would have the discipline to ensure that that extra $200 always goes to savings.
I got way more than $5000 back and I'm not touching my withholdings. My savings account has way more money in it now than it would had I been given that money throughout the year, and I am in a much better position for my wife to tell me she is pregnant or has lost her job.
Well then you're an idiot. Just set however much necessary to direct deposit into savings instead of checking. Or an investment account. Its not hard.
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