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Old 12-28-2005, 09:27 AM   #1
boosted84wagonmonster
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Default Who's stoked about getting a tax return in '06?

Well, it's about that time...

I'm excited about getting a tax return in 2006 for all the freaking time I put into this place.

I claimed "0" this year so I'm expecting at least something. Last year I got robbed and had to pay like $560.

Here's a pretty cool link to a Tax Return Calculator:

http://www.irs.gov/individuals/page/0,,id=14806,00.html
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Old 12-28-2005, 09:28 AM   #2
slingshot
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Slingshot = (Full-Time Student + Full-Time Job)
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Old 12-28-2005, 09:29 AM   #3
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I'm sure the "You shouldn't give the gov't a tax free loan" people will be ehre in 3....2....1....
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Old 12-28-2005, 09:30 AM   #4
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hopefully mine is as much as last year, which it should be. Cause if it is, I am splurging.
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Old 12-28-2005, 09:30 AM   #5
boosted84wagonmonster
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Wait for it....Wait for it....
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Old 12-28-2005, 09:31 AM   #6
UberWilhelm
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Big time. We will get our house credit this year. WOOHOO!!
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Old 12-28-2005, 09:33 AM   #7
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Oh Christ, I have no idea what to expect this year. We got married in April, moved from NYC to NJ, and she started working full time. I think we'll have someone work out our taxes this year.
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Old 12-28-2005, 09:33 AM   #8
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I hoping for the best this year!
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Old 12-28-2005, 09:33 AM   #9
drkwtsn
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I'm hoping to get a ton back this year.
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Old 12-28-2005, 09:34 AM   #10
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Quote:
Originally Posted by StriderTB
I'm sure the "You shouldn't give the gov't a tax free loan" people will be ehre in 3....2....1....
That'd be me...
I owe...I know it...I plan for it every year. I have enough financial intelligence to have it when needed.
I'd rather use my money sooner to better leverage (or leverage against) interest.

I'm not stoked or dreading it as, taxes happen, I have no control over how much I'll have to pay...so why fret?

DRum
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Old 12-28-2005, 09:34 AM   #11
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Quote:
Originally Posted by boosted84wagon
Well, it's about that time...

I'm excited about getting a tax return in 2006 for all the freaking time I put into this place.

I claimed "0" this year so I'm expecting at least something. Last year I got robbed and had to pay like $560.
Yay! Who's all stoked about loaning the government money for free!!!!

I hope I have to pay like $500. That's the sweet spot.

Dammit...beat by the DrumPhD
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Old 12-28-2005, 09:34 AM   #12
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Quote:
Originally Posted by StriderTB
Oh Christ, I have no idea what to expect this year. We got married in April, moved from NYC to NJ, and she started working full time. I think we'll have someone work out our taxes this year.
Just use some software, like the hrblock.com stuff if you want to do it online. Even a mokey could work it out. PM Georgethefierce for details.
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Old 12-28-2005, 09:35 AM   #13
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Quote:
Originally Posted by SkirtBoy
Just use some software, like the hrblock.com stuff if you want to do it online. Even a mokey could work it out. PM Georgethefierce for details.
Will do!

<flings feces>
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Old 12-28-2005, 09:35 AM   #14
BhamRoadrunner
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Bout 25 bucks.
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Old 12-28-2005, 09:36 AM   #15
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Quote:
Originally Posted by StriderTB
I'm sure the "You shouldn't give the gov't a tax free loan" people will be ehre in 3....2....1....
BOOSTED84WAGON - It's not that the government is giving you money, but instead basically you are just getting your own money back. If anything, you should be hoping for a wash when it comes to taxes - paying nothing or getting no refund.
You are just giving the government a free load.
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Old 12-28-2005, 09:38 AM   #16
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I use hrblock.com every year
works like a charm.... last year took like 1 week to get ALL of my money back (direct deposit right into my account)
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Old 12-28-2005, 09:39 AM   #17
boosted84wagonmonster
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Quote:
Originally Posted by Hazdaz
BOOSTED84WAGON - It's not that the government is giving you money, but instead basically you are just getting your own money back. If anything, you should be hoping for a wash when it comes to taxes - paying nothing or getting no refund.
You are just giving the government a free load.
^
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Old 12-28-2005, 09:40 AM   #18
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I closed on a refi last January and then sold/bought another house in Sept - that along with all the interest in between means I should get a fair amount back, along with student loan interest, 2 dependants, and my move might have been due to work then paying myself for being the executor of my mom's estate... hmm, maybe I should go to an accountant.
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Old 12-28-2005, 09:40 AM   #19
Neek
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Quote:
Originally Posted by boosted84wagon
^
You really don't understand that getting a big tax return is bad? That this is your money that you should have had working for you all year?
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Old 12-28-2005, 09:41 AM   #20
SkirtBoy
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Quote:
Originally Posted by Gray
I closed on a refi last January and then sold/bought another house in Sept - that along with all the interest in between means I should get a fair amount back, along with student loan interest, 2 dependants, and my move might have been due to work then paying myself for being the executor of my mom's estate... hmm, maybe I should go to an accountant.
IBAMT
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Old 12-28-2005, 09:43 AM   #21
boosted84wagonmonster
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Default

Quote:
Originally Posted by Neek
You really don't understand that getting a big tax return is bad? That this is your money that you should have had working for you all year?
Seriously. I understand how it works dude. I just claimed less so I wouldn't have to pay...That's all.
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Old 12-28-2005, 09:46 AM   #22
Rice & Gravy
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Quote:
Originally Posted by SkirtBoy
IBAMT

IBD'ohIgotaudited!
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Old 12-28-2005, 09:47 AM   #23
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Quote:
Originally Posted by StriderTB
I'm sure the "You shouldn't give the gov't a tax free loan" people will be ehre in 3....2....1....
Indeed, here I am. I believe that I budgeted my money perfectly this year, so I should only receive the smallest possible return or owe a small amount.
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Old 12-28-2005, 09:53 AM   #24
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Quote:
Originally Posted by boosted84wagon
^
You gotta be kidding me.

Do you not understand how the tax system works????

Basically you have to pay XX% of you income to the government. Each week 1/52nd of that amount is taken out of your paycheck and given to the government.

Some people give them more (so they can get a refund) some people take out less (so their weekly paycheck is bigger, but they will end up owing at the end of the year). Either way it doesn't matter because the amount you owe is the same, so basically you giving them more throughout the year, means essentially that you are giving yourself a smaller paycheck, and giving the government a free loan.

I sure as hell wouldn't be "proud" that I am getting back $500 because that means you over-payed $500 worth of taxes thoughout the year, and you are just getting your own money back.
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Old 12-28-2005, 09:53 AM   #25
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Quote:
Originally Posted by dcmomentum
Indeed, here I am. I believe that I budgeted my money perfectly this year, so I should only receive the smallest possible return or owe a small amount.
Cookie!
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