I just did my taxes

[s0628711]

Did em' on Turbotax.com, I'm getting back $1000 when I didn't even put that much in. Thank you Bush/Obama stimulus check!

[devilandthelord]

But Obama didn't do a stimulus yet?

[Prez]

You didn't do them right.

[Jake]

Originally Posted by Prez

You didn't do them right.

you didn't.


there's a thread that sort of goes year to year, but please pay a tax preparer or accountant to do your taxes, you'll easily double that $1000 legally

[rickyh24]

Just go to HR block.

[s0628711]

Originally Posted by Jake

you didn't.


there's a thread that sort of goes year to year, but please pay a tax preparer or accountant to do your taxes, you'll easily double that $1000 legally

Thing is, I only made 7200 in the calendar year, and I don't own a car, I don't pay rent and I haven't made any lavish purchases.

And as for the stimulus check, apparently I didn't qualify for last years, and thereby I am granted it this year, an extra $300.

[rickyh24]

Does everyone get another stimulus this year?

[s0628711]

Originally Posted by rickyh24

Does everyone get another stimulus this year?

No, read my last post.

[seekupig]

Originally Posted by rickyh24

Does everyone get another stimulus this year?

no, just free gas and houses....

http://www.youtube.com/watch?v=P36x8rTb3jI

[rickyh24]

Originally Posted by s0628711

No, read my last post.

I don't really feel like scrolling up.

[s0628711]

Originally Posted by rickyh24

I don't really feel like scrolling up.

I didn't get one last year, so I get one this year, basically.

[WolfmanDMB]

make sure you have tim geithner review your work.

[bigeyefish22]

I worked last year, regular job, made about 40k: would I get more money back from an HRBlock v. the money it cost to use them, or just doing it myself??

Thank you.

[rickyh24]

Originally Posted by bigeyefish22

I worked last year, regular job, made about 40k: would I get more money back from an HRBlock v. the money it cost to use them, or just doing it myself??

Thank you.

Its like 30 bucks or so for them to do it. I'm pretty sure it would be worth it for you. Plus you can get the money put on a debit card right away. I got half of mine right away and the rest was deposited a day later.

[bigeyefish22]

Originally Posted by rickyh24

Its like 30 bucks or so for them to do it. I'm pretty sure it would be worth it for you. Plus you can get the money put on a debit card right away. I got half of mine right away and the rest was deposited a day later.

thats crazy! Hows that work? I dont know, I guess Im a little leary (sp?) on the whole thing..... Would they allow you to bring your shit in, see what the final rebate came to, then opt out? yeah, I doubt it, but thatd be a nice deal

[rickyh24]

Originally Posted by bigeyefish22

thats crazy! Hows that work? I dont know, I guess Im a little leary (sp?) on the whole thing..... Would they allow you to bring your shit in, see what the final rebate came to, then opt out? yeah, I doubt it, but thatd be a nice deal

I don't see why they would screw you. I'm sure they have some sort of guarantee. I have used them the last two years and will probably go there again this year. I have no complaints.

[bigeyefish22]

Originally Posted by rickyh24

I don't see why they would screw you. I'm sure they have some sort of guarantee. I have used them the last two years and will probably go there again this year. I have no complaints.

Nice. Thanks. I probably will.

[Tiduwho]

So I've never done my taxes before, but I got my W-2 and entered it in to turbo-tax. I made $20,000 this year (was in college first semester), and was scheduled to get back about $2,000 by just using the "standard deduction" which is about $5,500 dollars this year. Then I added in that I paid college tuition, and I somehow qualified for some "Continuing Education for Life" program and got another $500 added in. I can't even find an explanation of what that is or why I qualified, but I'm not going to complain.

[bigeyefish22]

Originally Posted by Tiduwho

So I've never done my taxes before, but I got my W-2 and entered it in to turbo-tax. I made $20,000 this year (was in college first semester), and was scheduled to get back about $2,000 by just using the "standard deduction" which is about $5,500 dollars this year. Then I added in that I paid college tuition, and I somehow qualified for some "Continuing Education for Life" program and got another $500 added in. I can't even find an explanation of what that is or why I qualified, but I'm not going to complain.

- Tim Geithner

Thats no way to become Treasury Secretary.

[hylidaea]

Originally Posted by Tiduwho

So I've never done my taxes before, but I got my W-2 and entered it in to turbo-tax. I made $20,000 this year (was in college first semester), and was scheduled to get back about $2,000 by just using the "standard deduction" which is about $5,500 dollars this year. Then I added in that I paid college tuition, and I somehow qualified for some "Continuing Education for Life" program and got another $500 added in. I can't even find an explanation of what that is or why I qualified, but I'm not going to complain.

Life Learner or some such. Lucky bastard. I didn't qualify. But I'm getting almost $1900, so I can't complain too much.

[mr.MikeD]

Getting a tax return means that you gave the government an involuntary, interest-free loan. Feels kind of nice, but it just means that they took more of your money than they were entitled to through the year.

[Jake]

Originally Posted by mr.MikeD

Getting a tax return means that you gave the government an involuntary, interest-free loan. Feels kind of nice, but it just means that they took more of your money than they were entitled to through the year.

that is exactly correct. it's a scam.



that's why I'm for the flat tax, but that's another thread

[LisaH]

Originally Posted by mr.MikeD

Getting a tax return means that you gave the government an involuntary, interest-free loan. Feels kind of nice, but it just means that they took more of your money than they were entitled to through the year.

Exactly. I like to break as close to even as I can.

[Nick@Night]

Originally Posted by mr.MikeD

Getting a tax return means that you gave the government an involuntary, interest-free loan. Feels kind of nice, but it just means that they took more of your money than they were entitled to through the year.

What's bullshit, if you do your stuff wrong and for some reason they give you too much money back, they charge you interest.

Edit: On your W-4, what's the max number of withholdings you can do if you're single with no dependents, just the 1?

[Tiduwho]

Originally Posted by hylidaea

Life Learner or some such. Lucky bastard. I didn't qualify. But I'm getting almost $1900, so I can't complain too much.

Yeah, that was it. What does that even mean?

[TheTallOne]

Originally Posted by Jake

that is exactly correct. it's a scam.



that's why I'm for the flat tax, but that's another thread

That would be heated

[PilotC150]

Originally Posted by mr.MikeD

Getting a tax return means that you gave the government an involuntary, interest-free loan. Feels kind of nice, but it just means that they took more of your money than they were entitled to through the year.

So adjust your withholdings.

If you get too big of a refund, you can adjust the number of withholdings on your W4. It will make your refund smaller, but make each paycheck marginally bigger. If you can mess with the withholdings enough to get your refund/payment as close to $0 as possible that means they are getting exactly the right amount, and you are getting the biggest paycheck possible.

While a big refund is a great gift to get from the gov't when the new year rolls around, it means you're paycheck isn't as big as it could be.

[Jake]

Originally Posted by PilotC150

So adjust your withholdings.

If you get too big of a refund, you can adjust the number of withholdings on your W4. It will make your refund smaller, but make each paycheck marginally bigger. If you can mess with the withholdings enough to get your refund/payment as close to $0 as possible that means they are getting exactly the right amount, and you are getting the biggest paycheck possible.

While a big refund is a great gift to get from the gov't when the new year rolls around, it means you're paycheck isn't as big as it could be.

but there's a limit to that; if you have a lot of work-related write-off's, (car, clothes, etc) you'll still have to get some sort of return every year.


but yes, you should maximize your withholdings so it can be close to break-even as you can.

[smokew11]

Originally Posted by Jake

that is exactly correct. it's a scam.



that's why I'm for the flat tax, but that's another thread

yup thats exactly right

[Tiduwho]

Originally Posted by Jake

but there's a limit to that; if you have a lot of work-related write-off's, (car, clothes, etc) you'll still have to get some sort of return every year.


but yes, you should maximize your withholdings so it can be close to break-even as you can.

Should as in because it maximizes your earnings per paycheck?


I love getting a nice chunk of change. Easier to manage money.