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pmpkn087
Life is good...
Member since 9/05 18504 total posts
Name:
Stephanie
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Re: tax question how much are you getting back-if you dont mind me asking
Posted by Sassyz75
Posted by raken40
i just want to get an idea...our accountant is taking f o r e v e r
and says he thinks we're only getting back $900...doesnt sound right.
I claim 1,
my dh claims 0
and we've had a house since august, so between the interest on that and closing costs...
does this sound right? 
Either you get money back at the end of the year, or you have the money in your paycheck throughout the year.
There is no 'free money'.
Better to have the money in your paycheck weekly.
Why give the feds an interest free loan???
Dina, I feel the same exact way. I would hate to overpay
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Posted 3/21/06 5:26 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Salason
♥
Member since 6/05 9878 total posts
Name:
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Re: tax question how much are you getting back-if you dont mind me asking
Posted by BabyBoy
this question is hard cuase it really depends on your situation, filling status, salary...etc...
you can't compare....
i agree. everybody's financial situation is different so to guess whether a refund is too little is impossible. but to answer the question, we both claim single zero, use every pre-tax benefit we can and donate a sizable amount to charity and we only got back what i overpaid in social security only to hand it right over to the state/city. next year is going to be a lot worse so ANY refund sounds good to me!
ETA: no kids, no house here either!
Message edited 3/21/2006 9:03:36 PM.
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| Posted 3/21/06 7:52 PM |
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WoodIAm
My Boys!
Member since 5/05 5498 total posts
Name:
JoAnne
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Re: tax question how much are you getting back-if you dont mind me asking
We've got no children and no house. We're lucky if we break even. 
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| Posted 3/21/06 8:02 PM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: tax question how much are you getting back-if you dont mind me asking
Getting back? LOL
No kids, no house...we owe.
A lot. 
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| Posted 3/21/06 8:13 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: tax question how much are you getting back-if you dont mind me asking
We have 2 kids and a house and got between $2-$3,000. Before the kids we got nothing back. We used to owe before we had the house.
I would rather have the money in my pocket every week than the gov't holding it until tax time.
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| Posted 3/21/06 8:14 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: tax question how much are you getting back-if you dont mind me asking
Posted by pmpkn087
Posted by Sassyz75
Posted by raken40
i just want to get an idea...our accountant is taking f o r e v e r
and says he thinks we're only getting back $900...doesnt sound right.
I claim 1,
my dh claims 0
and we've had a house since august, so between the interest on that and closing costs...
does this sound right?
Either you get money back at the end of the year, or you have the money in your paycheck throughout the year.
There is no 'free money'.
Better to have the money in your paycheck weekly.
Why give the feds an interest free loan???
Dina, I feel the same exact way. I would hate to overpay
Yeah it makes no sense really to overpay. Its an interest free loan to the government. This is why I modified my deductions a few months ago because I was anticipating a huge refund.
I could have made more deductions to have them take out less taxes... but I don't want to overdue it and end up oweing.
If I get a huge refund again next year... i'll increase my deductions.
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| Posted 3/21/06 8:35 PM |
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MommaG
Yay Spring!
Member since 5/05 5133 total posts
Name:
Gloria
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Re: tax question how much are you getting back-if you dont mind me asking
We have a house, and a child, and we have to pay - federal and state - a lot!!!
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| Posted 3/21/06 8:40 PM |
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phoenix913
LIF Adult
Member since 5/05 3034 total posts
Name:
V
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Re: tax question how much are you getting back-if you dont mind me asking
i was beginning to think i was the only one not getting a refund. i'm in the no kids, no house, owe money boat. it *****.
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| Posted 3/21/06 8:59 PM |
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Buttafli1277
LIF Adult
Member since 8/05 2638 total posts
Name:
Jennifer
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Re: tax question how much are you getting back-if you dont mind me asking
Basically it depends on alot of things:
Tax Bracket (Home much you bring home in your paycheck)
What you claim 0, 1
If you own a house
Have kids
Have student loans.
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| Posted 3/21/06 9:14 PM |
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CAJ
woulda, coulda, shoulda
Member since 12/05 3366 total posts
Name:
CJ
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Re: tax question how much are you getting back-if you dont mind me asking
Too Much...
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| Posted 3/21/06 9:27 PM |
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HarleyGirlFLA
Come on in
Member since 5/05 9674 total posts
Name:
Mel
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Re: tax question how much are you getting back-if you dont mind me asking
Gotta love the state of FL.....
wish we were getting more
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| Posted 3/21/06 9:40 PM |
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PiyoPika566
talk to the hand
Member since 5/05 1436 total posts
Name:
Stephanie
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Re: tax question how much are you getting back-if you dont mind me asking
what I don't understand is.. I had to pay $350 for 2004, but in 2005 I am obviously making more money and I am getting 2k back... granted we bought a house, but we closed at the end of December, so I am not sure if that has anything to do with it, or the closing fee we paid.... to me, it doesn't make any sense, but I am not complaining because I ain't paying the gov more $ 
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| Posted 3/21/06 9:44 PM |
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boosh1002
We like hanging together!
Member since 5/05 5475 total posts
Name:
Mommy to twins
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Re: tax question how much are you getting back-if you dont mind me asking
This is the first year we actually owed money. We paid about $500 between city and state. We usually got back between $1,500-$2,000.
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| Posted 3/21/06 9:53 PM |
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monkeybride
My Everything
Member since 5/05 20541 total posts
Name:
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Re: tax question how much are you getting back-if you dont mind me asking
About 4k. Apparently having a baby did squat for us.
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| Posted 3/21/06 9:53 PM |
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dm24angel
Happiness
Member since 5/05 34581 total posts
Name:
Donna
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Re: tax question how much are you getting back-if you dont mind me asking
Posted by monkeybride
About 4k. Apparently having a baby did squat for us.
4K is NOT squat in my opinion.
We have no house, and no kids...We only have my tuition to deduct...we are getting $300 back from Fed...and Owe the state....
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| Posted 3/21/06 9:57 PM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: tax question how much are you getting back-if you dont mind me asking
We ended up having to pay the State  , but we got enough back in federal to get a new heating and central AC system installed in our house next week! 
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| Posted 3/21/06 11:14 PM |
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CkGm
They get so big, so fast :(
Member since 5/05 13848 total posts
Name:
Christine
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Re: tax question how much are you getting back-if you dont mind me asking
You don't want a BIG refund- that means the govt has had your money, interest free loan from you, all year
Breaking even, or owing just a little bit are the best way to go
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| Posted 3/21/06 11:19 PM |
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Re: tax question how much are you getting back-if you dont mind me asking
We got about 5,500
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| Posted 3/21/06 11:25 PM |
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raken40
soooo in love:)
Member since 5/05 4369 total posts
Name:
Karen
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Re: tax question how much are you getting back-if you dont mind me asking
well, we finally got the info back from our acct. verbally anyway, we'll get the paperwork on thursday..
It just doesnt seem right what we are getting back.. I thought for sure we'd be getting back a few thousand..
hmmm.
How on earth do you have to owe money to the state after paying so much taxes and whatever throughout the year????? arrrrrrrrrrrhhhhhh..
thank you...needed to vent....Its 6:30am, and i think i need a drink already!  Maybe i'll spike my coffee !
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| Posted 3/22/06 6:29 AM |
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KaRiSsA
~*~*~*~*~*~*~
Member since 5/05 4646 total posts
Name:
KARISSA
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Re: tax question how much are you getting back-if you dont mind me asking
We have a house and both claim 0. We got $8200.
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| Posted 3/22/06 6:30 AM |
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MommyofG
just the girls
Member since 5/05 9461 total posts
Name:
Janice
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Re: tax question how much are you getting back-if you dont mind me asking
Posted by CkGm
You don't want a BIG refund- that means the govt has had your money, interest free loan from you, all year
Breaking even, or owing just a little bit are the best way to go
Agreed!!! we owe in total for state and fed around 1500 , we own a house, no kids, DH claims 3 and we both also file W9 (No taxes are taken out of our paychecks at all Nada- DH gets 2 checks 1 on salary where he claims 3 and his commission on a w9- tax free) So having the money in OUR pockets than theirs, NOT paying tax on MOST of our income and paying them 1500- walk in the park!!
edited to say you need to open up your own business with the state to do the W9 AND have a job where you can make your own hours and give an invoice for your services for payment AND if also getting commision your job to agree to do this.
Message edited 3/22/2006 9:37:50 AM.
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| Posted 3/22/06 9:35 AM |
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dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
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Re: tax question how much are you getting back-if you dont mind me asking
Posted by CkGm
You don't want a BIG refund- that means the govt has had your money, interest free loan from you, all year
Breaking even, or owing just a little bit are the best way to go
I agree as well. We see our accountant in a week. Nothing like waiting until the last minute!
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| Posted 3/22/06 9:41 AM |
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