- 1,541
- 169
- Joined
- Dec 28, 2002
federal- 1950
state- 60
state- 60
OFFICIAL Post your 2010 Tax Refund
- Thread in 'General' Thread starter Started by letitshine24,
- Start date
launchpadmcquack
Banned
- 317
- 24
- Joined
- Aug 5, 2010
Fed- $5275
State- $12
State- $12
launchpadmcquack
Banned
- 317
- 24
- Joined
- Aug 5, 2010
Fed- $5275
State- $12
State- $12
- 2,141
- 30
- Joined
- Mar 2, 2009
QFT! Very few things bug me more than ignorant people loving the fact that they get HUGE refunds.
- 2,141
- 30
- Joined
- Mar 2, 2009
QFT! Very few things bug me more than ignorant people loving the fact that they get HUGE refunds.
- 39,321
- 19,740
- Joined
- Dec 3, 2009
Federal - 3400$
State - -160$
Wife
Federal - 3600$
State - 450$
State - -160$
Wife
Federal - 3600$
State - 450$
- 39,321
- 19,740
- Joined
- Dec 3, 2009
Federal - 3400$
State - -160$
Wife
Federal - 3600$
State - 450$
State - -160$
Wife
Federal - 3600$
State - 450$
yeeupp
Banned
- 5,697
- 166
- Joined
- Sep 3, 2009
20
No Kids
Just work and school
$1900
No Kids
Just work and school
$1900
yeeupp
Banned
- 5,697
- 166
- Joined
- Sep 3, 2009
20
No Kids
Just work and school
$1900
No Kids
Just work and school
$1900
- 4,584
- 1,179
- Joined
- Jan 1, 2010
The only reason I didn't owe is because I paid a ton of interest on student loans. I'd rather be in this tax bracket though than be hood rich 2-3 months a year lol.
- 4,584
- 1,179
- Joined
- Jan 1, 2010
The only reason I didn't owe is because I paid a ton of interest on student loans. I'd rather be in this tax bracket though than be hood rich 2-3 months a year lol.
- 8,131
- 618
- Joined
- Sep 1, 2007
I own a home, so I write off interest on my loan and property tax. Also got tuition expenses and work-related expenses.
ITS BEAUTIFUL! I prefer to take the lump sum because it's damn near like a savings plan. It would be difficult for me to save that extra money each check because there is alays something coming up. To each his own though.
- 8,131
- 618
- Joined
- Sep 1, 2007
I own a home, so I write off interest on my loan and property tax. Also got tuition expenses and work-related expenses.
ITS BEAUTIFUL! I prefer to take the lump sum because it's damn near like a savings plan. It would be difficult for me to save that extra money each check because there is alays something coming up. To each his own though.
- 5,542
- 18
- Joined
- Mar 24, 2003
- 5,542
- 18
- Joined
- Mar 24, 2003
- 3,134
- 10
- Joined
- Jul 23, 2008
your statement is prob more ignorant....
there's always two extremes....WHOHOO im getting 5k back, let me withdraw it and take pix for facebook then go to the club...or blah blah i didnt give the gov a loan blah blah
its not always THAT clear cut...
some people hardly work but get all kinds of benefits from the gov and have kids or whatever so they end up getting big returns....some people are students that get handled differently as well-
and yes its a well known fact that if you do the correct calculations you should have your money during the year instead of in one lump sum at tax time...BUT for some this is a form of forced saving...that amount that adds up would prob be spent if the person is not financially responsbile so its not 1 to1 that they would have that same lump sum amount if they didnt have it withheld...and to assume anyone can take the money and "invest" it is silly...
again there's a huge grey area between black and white so u cant just assume a big refund = ignorance
for a person that is financially responsible and savvy...by all means get it down as close to zero or negative as you can and make that money grow for you during the year...but again its not that simple
well said. my original statement was generalizing but i agree with your thought process.
the only thing is if people don't have the discipline to save up as the year progresses, chances are they're not going to have the discipline to save their lump sum refund anyway
- 3,134
- 10
- Joined
- Jul 23, 2008
your statement is prob more ignorant....
there's always two extremes....WHOHOO im getting 5k back, let me withdraw it and take pix for facebook then go to the club...or blah blah i didnt give the gov a loan blah blah
its not always THAT clear cut...
some people hardly work but get all kinds of benefits from the gov and have kids or whatever so they end up getting big returns....some people are students that get handled differently as well-
and yes its a well known fact that if you do the correct calculations you should have your money during the year instead of in one lump sum at tax time...BUT for some this is a form of forced saving...that amount that adds up would prob be spent if the person is not financially responsbile so its not 1 to1 that they would have that same lump sum amount if they didnt have it withheld...and to assume anyone can take the money and "invest" it is silly...
again there's a huge grey area between black and white so u cant just assume a big refund = ignorance
for a person that is financially responsible and savvy...by all means get it down as close to zero or negative as you can and make that money grow for you during the year...but again its not that simple
well said. my original statement was generalizing but i agree with your thought process.
the only thing is if people don't have the discipline to save up as the year progresses, chances are they're not going to have the discipline to save their lump sum refund anyway
- 581
- 10
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- Nov 15, 2008
0
- 581
- 10
- Joined
- Nov 15, 2008
0
- 5,542
- 18
- Joined
- Mar 24, 2003
i agree with that also....there's def the type that see it as "free money" and blow it - then its all gone the weekend after they got it....but then others who maybe use it to pay off bills or get a car or something else where they might have had to have discipline to save up over a year for...
trust i know people from both ends of the spectrum and this time of the year i see it all from the people happy to give HR block ridiculous fees so they can get the money now to people who are dreading april 15th cause they have a tax BILL
trust i know people from both ends of the spectrum and this time of the year i see it all from the people happy to give HR block ridiculous fees so they can get the money now to people who are dreading april 15th cause they have a tax BILL
- 5,542
- 18
- Joined
- Mar 24, 2003
i agree with that also....there's def the type that see it as "free money" and blow it - then its all gone the weekend after they got it....but then others who maybe use it to pay off bills or get a car or something else where they might have had to have discipline to save up over a year for...
trust i know people from both ends of the spectrum and this time of the year i see it all from the people happy to give HR block ridiculous fees so they can get the money now to people who are dreading april 15th cause they have a tax BILL
trust i know people from both ends of the spectrum and this time of the year i see it all from the people happy to give HR block ridiculous fees so they can get the money now to people who are dreading april 15th cause they have a tax BILL
- 3,166
- 744
- Joined
- Jul 23, 2005
it means too much was withheld during the year.
it's not like you're getting a bonus... you're basically just getting back money that was yours to begin with.
- 3,166
- 744
- Joined
- Jul 23, 2005
it means too much was withheld during the year.
it's not like you're getting a bonus... you're basically just getting back money that was yours to begin with.
- 7,389
- 237
- Joined
- Sep 11, 2008
$58
- 7,389
- 237
- Joined
- Sep 11, 2008
$58