Offical huge tax return thread!
iClub Silver Vendor
iTrader: (25)
Joined: Nov 2002
Posts: 15,494
From: Participating in some Anarchy!
Car Info: 2005 LGT wagon
So, I claim a 2.
Married filing single :Fed was like $338.
Married Filing Joint: Fed was $7500. State ended up being like $2500. went this route for obvious reasons.
Now, this won't be happening when my wife finish her CPA tests and starts working. Right now she's only worked part time, and only part of the year. When she's working fulltime I'm sure we will get taxed much heavier.
But regardless, I'm not really going to spend it. Not having my dad around means it's basically my mom and I working for a household of 7. With 4 homes, out property tax is $30k+. We don't have like crazy income to easily pay that every year. We have rent money from 3 properties, and we put away the couple grand left over after mortgage, but still... it's not easy. it's working out okay, but it's not easy.
So, maybe I'll spend a little, but I'm probably going to end up using a good chunk of that on property tax.
Married filing single :Fed was like $338.
Married Filing Joint: Fed was $7500. State ended up being like $2500. went this route for obvious reasons.
Now, this won't be happening when my wife finish her CPA tests and starts working. Right now she's only worked part time, and only part of the year. When she's working fulltime I'm sure we will get taxed much heavier.
But regardless, I'm not really going to spend it. Not having my dad around means it's basically my mom and I working for a household of 7. With 4 homes, out property tax is $30k+. We don't have like crazy income to easily pay that every year. We have rent money from 3 properties, and we put away the couple grand left over after mortgage, but still... it's not easy. it's working out okay, but it's not easy.
So, maybe I'll spend a little, but I'm probably going to end up using a good chunk of that on property tax.
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From: Participating in some Anarchy!
Car Info: 2005 LGT wagon
Token Toyota Mod
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It's QQ thankyouverymuch
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From: San Jose
Car Info: 2011 SWP WRX Hatch
I have always claimed 0. If the feds need the cash then they have it. If at the end of the year they decide that they didn't need it and want to give it back to me, I'm not going to complain. It also really does motivate me to do my taxes and not wait until April.
I am getting back just a little under 2k this year. I plan to finally fix my wheels and get some better suspension.
Indeed.
I have always claimed 0. If the feds need the cash then they have it. If at the end of the year they decide that they didn't need it and want to give it back to me, I'm not going to complain. It also really does motivate me to do my taxes and not wait until April.
I am getting back just a little under 2k this year. I plan to finally fix my wheels and get some better suspension.
I have always claimed 0. If the feds need the cash then they have it. If at the end of the year they decide that they didn't need it and want to give it back to me, I'm not going to complain. It also really does motivate me to do my taxes and not wait until April.
I am getting back just a little under 2k this year. I plan to finally fix my wheels and get some better suspension.
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iTrader: (7)
Joined: Mar 2007
Posts: 10,983
From: Los Altos
Car Info: '11 White Shelby Cobra GT 500
Since we work for ourselves we just pay at the end of the year and yes we wont pay them till the 15th of april lol. No need for them to make interest off our money by sending to them early. I have also learned we pay so much less in taxes by just paying them one lump sum at the end of the year then every month.
Thought we can see who is getting a nice check from uncle Sam, and what they will be doing with the money!!.
$4,280 fed
$820 state
I will be going to Las Vegas for a week at the end of March
saving $1,500
And getting my new exhaust, gauges, race radiator, sti 6 speed installed, and a tune from Ed at Eqtuning
$4,280 fed
$820 state
I will be going to Las Vegas for a week at the end of March
saving $1,500
And getting my new exhaust, gauges, race radiator, sti 6 speed installed, and a tune from Ed at Eqtuning
Matt,
Let me borrow a bill I'm gonna put it on black!
thanks bud
Filing is the 0 or 1 makes a huge difference! Anywho, the higher the # up, I believe you keep more per paycheck and receive a smaller amount during tax time.. and lower the #, the higher you get back during tax time? Changes drastically with the amount of people you have to claim.
Crap gets so confusing that you have to PAY other people to file 'em for you... dumb things, they have to make it simpler than that.
Crap gets so confusing that you have to PAY other people to file 'em for you... dumb things, they have to make it simpler than that.
