What's everyone gonna do with their tax returns?

[LimeLite Racing]

I can't decide, personally. I always think I'm going to save a majority of it, but always end up spoiling myself with car parts.

What are you going to do with your tax return?!

[udon!]

Baller clothes and car parts.

[hotlavaflow]

I want to save most of it but that won't happen. I'm moving in a few weeks so I'll be buying stuff for my new place and for my car I will get a rollcage and a paint job.

[wannabdr1ftr]

Remodel the kitchen and a cruise

[ReaperBJJ]

Spend it ALLL on paying off my DD and maybe one of my smaller student loans. Two less monthly bills means more money to spend on my money pit.

[LimeLite Racing]

Spend it ALLL on paying off my DD and maybe one of my smaller student loans. Two less monthly bills means more money to spend on my money pit.

Hahaha that's awesome. I hear that.

[DJDANGER24]

Putting it in savings with the rest of your down payment for a house...yay

[smoked240]

Pay for rent. I got laid off the week before christmas and I can't collect unemployment since I am in college.But I think I heard wrong. So I am going to try to get it since bills are killing me.

[LimeLite Racing]

Pay for rent. I got laid off the week before christmas and I can't collect unemployment since I am in college.But I think I heard wrong. So I am going to try to get it since bills are killing me.

Damn that's unfortunate man.

[simmode1]

Pretty sure I ain't getting anything back...:wtc:

[ESmorz]

I had a job for 3 months, does that mean I have to do taxes?

Gonna be kinda pissed if I do.

[shanes14]

im going to try to buy a pos daily.

[Phlip]

Bills

Daily beater

House shit



Hooray homeownership

[smoked240]

I had a job for 3 months, does that mean I have to do taxes?

Gonna be kinda pissed if I do.

If I remember right it depends on how much you made.


It sucks getting laid off. I wish I had a job.

[soreballz]

Pay off my Mustang, pay a medical bill, and pay off my credit card. Anything left will likely go into the S13.

[[email protected]]

invest in china =)

[Silverbullet]

Nothing. I'm just going to throw it into my account with the rest of my money and get closer to buying my house, although investment isn't a bad idea.

[t_rempel]

Mine will go to boring stuff like bills & student loans. Any left over will go towards a vacation for my wife and I. :D

Silverbullet, you could kill 2 birds with one stone. Investing would get you a house even sooner.

[90hatchie]

power fc d jetro
save rest

[LoneStarSilvia]

Putting all of it towards paying off my car, then making advanced payments to have it paid off in April. Then buying another car.

[badbob2121]

-buying a new wedding ring for my wife (lost her old ring on vacation) :cry:
-1k in savings
-1k in the s13 :yum:

[RurouniMidnight]

Pay off a credit card or save for car fund, probally the first thing.

[Brian]

Not sure if I'm getting anything back. I've had a strange financial year.

If I get anything, I'll put it into the savings and maybe by an iPod.

[JDMS13Louie]

Buy a Cressida... Hahah

[D.Adams]

Down payment for a Nissan Cube .... and paint for my s13

[Cerberus21]

go on a vacation
i am debating between Argentina or Moscow :wackit:

[LimeLite Racing]

I had a job for 3 months, does that mean I have to do taxes?

Gonna be kinda pissed if I do.

You do have to file. :/

[Weedm]

ive never filed for tax return in my life. now i have a job and just got my W2.

[slamburger]

I wanna buy another motorcycle... i miss my old 600RR i had to sell in 09, but i have garage space now!

[LimeLite Racing]

ive never filed for tax return in my life. now i have a job and just got my W2.

Take it over to H&R Block. They do a good job.

[silviaguy240]

probably owe like i did last year

[D.Adams]

ive never filed for tax return in my life. now i have a job and just got my W2.


Last time i filed was in 2005. I took it to H&R block with all 4 of my W2's and im getting a good amount back after all my late due's and a bunch of other bull shit.


Only thing that really saved me was the awesome job i had for 3 years ..




I dont understand what the hell H&R Block did but i guess thats why i pay to have them done.



Take it from me do them every year..

[90hatchie]

turbo tax!

[ka24debt]

hopefully getting enough back to fund my ka-t setup

[an_orange_s2k]

tires, track time, and little something to keep the girl happy

[blueshark123]

Pay for rent. I got laid off the week before christmas and I can't collect unemployment since I am in college.But I think I heard wrong. So I am going to try to get it since bills are killing me.


i had unemployment while going to school u just had to tell them that u were doing both full time or atleast working fulltime.

My taxes r going into savings if i dont owe shit

any one wanna pm me somewhere i can get free copy to turbo tax :)

[lucky7]

Buy either an E30 or Miata.

[KoukiDrifter240]

food, gas, and diapers maybe i can fit a ca18det in there lol

[chucky norris]

i am going to buy myself a t-28

[ZFan92]

mod my car lol

[reed1285]

new roof on the house, wife wants fake boobies too :drool:

[TougeLove]

fake boobies for my wife is tempting! if we dont spend it on our anniversary vacation i will use the rest for my ls1 swap

[JuMPiiN]

Oh yes fake boobies are a must!

If I get anything back Its going into savings, and maybe a new ring for my wifey.

[FRpilot]

fake boobies for my wife is tempting! if we dont spend it on our anniversary vacation i will use the rest for my ls1 swap

i think you would get the most enjoyment out of the fake boobies even though the ls1 swap is not a bad way to spend it either.

i'm probably going to do something boring with my tax return and make contributions to my retirement account. :(

[luvsr20]

Tax returned spent on two pair of supra sneakers, dyno tuning and a mac book pro! woot woot for tax season :0)

[lucky7]

nice. i love my MBP, especially at school.
i'm an addict to the apple stuff.

[driftsilvias13]

Nothing, it doesnt exist in my mind. Gonna go straight to my savings account that I dont touch.

[lucky7]

^^ normally that's what i do, but i don't have a car right now. :keke:

[omgRWDgoodness!]

My tax return is probably going to be just enough for a Subway sandwich, and I looooooove Subway, so...........:yum:

Or maybe if I really lucked out, I'll get enough for a burger from Five Guys/local pub with amazing burgers.

[turbobrick]

Finally going to buy an HDTV.

[chucky norris]

strip club on me guys lol

[MisawaJason]

Fly my wife back from Japan. Right before I got sent to Afghanistan in September, I sent her home on a nonstop Japan airlines flight from SFO->Narita for 850 bucks. I looked around a few weeks ago for a nonstop flight from Narita->SFO in mid April when I get back, and the cheapest I can find is 2300 bucks. Bye bye tax return

[sidewaysil80]

my wife will finally be getting the implants she wants, and the rest of it is going to purchase the few remaining parts i need to finish the project car.

[HPKMotorsports3]

my wife will finally be getting the implants she wants, and the rest of it is going to purchase the few remaining parts i need to finish the project car.

post pics when its completed :naughty:

im praying i get a tax return this year... id like to start a nest egg or pay the last of my school bill off

[lewisfk]

roll cage my 240sx, buy a open car hauler, and put the rest in my ira. looking for someone to build my cage within a few hours of oceanside ca!

[MisawaJason]

PBM down in San Diego

[smoked240]

i had unemployment while going to school u just had to tell them that u were doing both full time or atleast working fulltime.

My taxes r going into savings if i dont owe shit

any one wanna pm me somewhere i can get free copy to turbo tax :)

I just checked this out and it's legit. NICE.

Well I worked fulltime and went to school fulltime haha so I hope I get something.

I am kinda lost on filing tax returns since I am in college. I will be doing them online and is there a special form for students? Or is it like a question they ask on them? If anyone would know I would appreciate it!


If I can collect unemployment then my tax return will probably be used for a set of rims. Or maybe another rifle.. We will see.

[sidewaysil80]

If I can collect unemployment then my tax return will probably be used for a set of rims. Or maybe another rifle.. We will see.

why not save it and avoid unemployment for a few months.

[LimeLite Racing]

new roof on the house, wife wants fake boobies too :drool:
Pics
fake boobies for my wife is tempting! if we dont spend it on our anniversary vacation i will use the rest for my ls1 swap
Pics
Oh yes fake boobies are a must!

If I get anything back Its going into savings, and maybe a new ring for my wifey.
Pics
my wife will finally be getting the implants she wants, and the rest of it is going to purchase the few remaining parts i need to finish the project car.

Pics.

I need pics plz ;)

[JFIVE]

My tax return is probably going to be just enough for a Subway sandwich, and I looooooove Subway, so...........:yum:

Or maybe if I really lucked out, I'll get enough for a burger from Five Guys/local pub with amazing burgers.

Had five guys a few weeks ago. Now I will have it for lunch today. Man it's so good.

Anyway I will probably get new carpet in the house wife granted me 1000 toward wheels, and what's left in savings.

[Felipe]

another S13... bills... and let the wife sort out the rest.

[Sneaky Sims]

Vegas 21 Run

[blueshark123]

why not save it and avoid unemployment for a few months.


I thought of the same shit when i got on unemployment but then i noticed how so many lazy fucks took advantage of the system. Hey i had a legitimate reason, so why not use it for a bit till i got my job back.They take out taxes from my past checks lol

[nevertheless]

Cant decide...stand alone or wheels..hmmm

[untitled23]

hopefully buy a 240 :D

[silviaguy240]

Tax returned spent on two pair of supra sneakers, dyno tuning and a mac book pro! woot woot for tax season :0)

nice. i love my MBP, especially at school.
i'm an addict to the apple stuff.

if i do get any back probably twords getting one of these even though they are terribly overpriced. sucks Mac is basically the standard in the graphic design world. 17" 2.66ghz i7 8gb ram and a 500gb 7200rpm hdd.

[smoked240]

why not save it and avoid unemployment for a few months.

Well I only have to make rent until Jun. Maybe july. Then I will be moving. I will be bill free then until I have to pay for student loans. which are less then what my car was.

[khmer1]

pay rent and my credit card debt with it i cant buy any car parts which is depressing as fuck

[CrimsonRockett]

I haven't gotten a tax return in like 3 years. Hah. So, nothing.

[Ceepo]

Idf i get anything back its gonna go to debt lol... paying my car or credit car off... and if, if anything is left over from that savings for next semesters books and tuiton at college... like most of the people on here should be doing lol...

[WanganRunner]

Mine's going towards my MBA debt.

[travisty_]

I don't think I'm getting anything back unfortunately.

[h2v7]

none back but if i did i would want coilovers!

[ronmcdon]

probably a nicer charcoal grill w/ smoker.
new years' resolution is to cook more at home.

the 'green egg' is ugly as shit, but supposedly works great.

http://momsguidetogrilling.files.wordpress.com/2008/04/grills-2-06.jpg

[smink]

Two chicks same time. And pay tool bill off.

[TougeLove]

hopefully buy a 240 :D

picked up my coupe in good condition for 1600 recently. do it!!!!

[hellakix]

I'm gonna buy an s13!:aw:

[MJenkins1101]

Daily beater and a full internal rebuild for my baby =)

[demonspeed]

hopefully pay for my divorce and pick up a S14 i seen on Ft Hood lol

[Gnnr]

Replenish the savings
Pay off CC

I had a job for 3 months, does that mean I have to do taxes?

Gonna be kinda pissed if I do.

If you get a W2 (or any other income form back) then yes you do. But most tax places wont charge you for filing if its a trivial amount. Forgot how much is trivial, but my accountant does that.

new roof on the house, wife wants fake boobies too :drool:

my wife will finally be getting the implants she wants, and the rest of it is going to purchase the few remaining parts i need to finish the project car.

I like this trend. :yum:

[stinky_180]

Put some of it towards my WRX payments.

Some on my credit card.

If there is anything left... on my S13 or new clothes..

[Wongger]

Credit card debt, Rims, beers

[axiomatik]

i had unemployment while going to school u just had to tell them that u were doing both full time or atleast working fulltime.

My taxes r going into savings if i dont owe shit

any one wanna pm me somewhere i can get free copy to turbo tax :)

Just do it online, it's pretty cheap. Federal usually only costs $15 at Taxcut.

probably a nicer charcoal grill w/ smoker.
new years' resolution is to cook more at home.

the 'green egg' is ugly as shit, but supposedly works great.

http://momsguidetogrilling.files.wordpress.com/2008/04/grills-2-06.jpg

My coworker has a Green Egg, and he loves it. I'm content with my Weber Kettle.

[nothix]

wife's car loan. yuck

[j0riakh1]

i already got mine, and im currently spending it sweetly on car parts and more car parts :)

[Highway Riding]

Pay Bills is all... I'll sleep much better!

[madd ocx]

finish paying off the rest of my wedding, and fix up some odds and ends on my car, save the rest..

[exitspeed]

I haven't gotten a tax return in like 3 years. Hah. So, nothing.

Same here. But now I have a baby so we'll see.

If so it'll just go into savings.

[WISH ONE]

I guess it all depends on the amount, couple different options.
Finish up my s13, if i dont sell it before then. (unlikely)
Start on my Ls1 (wont happen if i sell my car) unlikely
Put it towards a down for a gen coupe.(likely)
Put it towards buying a spot down in Baja. (best investment in the long run)maybe.

[axiomatik]

probably get some camping gear, maybe a table saw. I don't know.

[BustedS13]

probably a nicer charcoal grill w/ smoker.
new years' resolution is to cook more at home.

the 'green egg' is ugly as shit, but supposedly works great.

http://momsguidetogrilling.files.wordpress.com/2008/04/grills-2-06.jpg

Weber Performer, brah. gas lighter for your coals, flip the switch when you get home after work and you're ready to cook in 20 minutes. but i've heard good things about the green egg, people love those.

http://i.imgur.com/zTN2l.jpg

[daftphunk]

Was thinking of doing either two things..

Paying off my credit card, which isn't that much. ~$400 which I can do easily
Or go and paint my car.

Probably going to paint my car, but we'll see how much I get. Hoping for big $$
If anyone has kids they don't want to claim.. let me know :)

--

Would be paying for school but I figure I'll be rich after I graduate so student loans cant fuck with me

[Weedm]

Take it over to H&R Block. They do a good job.


Last time i filed was in 2005. I took it to H&R block with all 4 of my W2's and im getting a good amount back after all my late due's and a bunch of other bull shit.


Only thing that really saved me was the awesome job i had for 3 years ..




I dont understand what the hell H&R Block did but i guess thats why i pay to have them done.



Take it from me do them every year..


Thanks for the insight. Well i've been working there for 5 months. My W2 says wages, tips, other comp. is $10,311.26. However I work in Portland Oregon. I wonder how much I'll be getting back if any.

[Teddy]

Are we supposed to file for this now?

[slamburger]

before April 15th Teddy.

[axiomatik]

Once you have all of your tax documents (W-2, 1099-Misc, interest statements from bank accounts or investments, interest statements from student loans or mortgage, etc), then you have until April 15th to file.

[1337]

All on booze.

[Pure_JDM]

Take the couple of G's and put it all on the Blackjack table and hope for a 21...

lol. Nah, I'll probably keep it for daycare payments and some long-desired ape-hangers for the Harley.

[turbo2nr]

re-invest in mutual funds..

and hopefully watch my money grow..

[Teddy]

Holy crap, so this one company I worked for gave me 3 W2! WTF am I supposed to do with them? When I e-filed all 3 it said my wages were $44,000 but obviously that's wrong. I'm confused.

Now 23 of them are from MI, one is from CA but they have the same numbers... IDKK.

BTW this is now The Official "I'm an Idiot who needs to file his taxes please halp me" Thread.

[whiterps13]

I dont pay taxes throughout year, so I end up owing a shit ton of money.

SWEET.

[stinky_180]

Teddy, do they all have the same numbers? If so, you keep one, your employer keeps one, and you file the other. LOL, is this your first time filing?

I said earlier that I'll use some of it on my WRX payments, Credit Card... but some of you got me thinking... maybe I should invest some of it... Any suggestions? I don't have a clue on mutual funds, stocks, etc..

[slamburger]

Holy crap, so this one company I worked for gave me 3 W2! WTF am I supposed to do with them? When I e-filed all 3 it said my wages were $44,000 but obviously that's wrong. I'm confused.

Now 23 of them are from MI, one is from CA but they have the same numbers... IDKK.

BTW this is now The Official "I'm an Idiot who needs to file his taxes please halp me" Thread.

Teddy, call me later dude i'll explain it all to you bro. Take you uner my wing and help you like i always do :) haha

[LimeLite Racing]

Holy crap, so this one company I worked for gave me 3 W2! WTF am I supposed to do with them? When I e-filed all 3 it said my wages were $44,000 but obviously that's wrong. I'm confused.

Now 23 of them are from MI, one is from CA but they have the same numbers... IDKK.

BTW this is now The Official "I'm an Idiot who needs to file his taxes please halp me" Thread.

Just take them into H&R Block.

[Sileighty_85]

Finally got to file as Married now that the wifes Green card shit is done and she now has a SSN, So getting a big chunk compared to before.

Gonna Buy a Kouki spoiler, OEM Silvia Front bumper, a few parts for the SR86 and put the rest in Savings

[Dude4253]

Well my tax return combined with some savings
Nistune
A wideband
780cc injectors
LSD ... the diff not the drug

[blitzsti22]

wanna go ka-t

[yvang07]

Finish my KA-T kit, put it in, hope to put down something that'll keep me happy.

[tricky_ab]

Well we just bought our first house so I'll be spending my tax return on materials to finish the basement! Man cave in full effect!

[Teddy]

Teddy, call me later dude i'll explain it all to you bro. Take you uner my wing and help you like i always do :) haha

Alright, I'll give you a call.

It's not my first time filing, but it is my first year having worked in multiple states so it's a little confusing. lol.

[LimeLite Racing]

Alright, I'll give you a call.

It's not my first time filing, but it is my first year having worked in multiple states so it's a little confusing. lol.

A couple years back I worked in Socal for the first half of the year and Portland for the second half, and they filed the taxes the same, just charged more for having to file in multiple states.

[Brian]

Anybody ever NOT get a W2 back because the company you worked for went out of business and no longer exists?

I googled the scenario already, so I think I understand what to do.

Just wondering if somebody here has done it firsthand.

[ManoNegra]

Anybody ever NOT get a W2 back because the company you worked for went out of business and no longer exists?

I googled the scenario already, so I think I understand what to do.

Just wondering if somebody here has done it firsthand.

I would use the info in the last payment stub you received from said company.

[LimeLite Racing]

Anybody ever NOT get a W2 back because the company you worked for went out of business and no longer exists?

I googled the scenario already, so I think I understand what to do.

Just wondering if somebody here has done it firsthand.

Even if they went out of business you would think the owner would be legally obligated to send you a W-2.

[slamburger]

^^^Exactly

[Bubbles]

Gonna pay some debt.......................I mean get my girl new tits.

[future]

^^^^lmfao lol

[R33E8]

Somehow I managed to file for tax exempt when doing the w-4. I am not pleased.

[Okinawandrifter87]

Im going to pay off some loans I have out.

[Brian]

Even if they went out of business you would think the owner would be legally obligated to send you a W-2.

Yeah.. in theory.

The Owner doesn't even live on this side of the world.

[sidewaysil80]

just checked with my bank, shit will be in my account at 12am. did the wifes consultation two days ago and getting the magical bags of saleen installed on february 14th LOL.

[TwItCh]

lil stuff around my apartment and hopefully another 240 then coilovers

[MisawaJason]

just checked with my bank, shit will be in my account at 12am. did the wifes consultation two days ago and getting the magical bags of saleen installed on february 14th LOL.


Damn I need to convince the wife to do the same

[sidewaysil80]

Damn I need to convince the wife to do the same

shit, she convinced me. i don't think she needs them but she really wants them and i think it'll make her happier. it's the least i can do because she never even bats an eyelash at the amount of money i put into the project car. plus the way i figure it, in a year when i get out of the military we'll be debt free, i'll have my s14 done, and she'll have her jugs...beats having to pay for those things later on down the road when we might not be as fortunate.

[MisawaJason]

hell yeah. That's the way to do it.

[miravete]

last year i got like 1,200 or so, im not married, dont got kids, dont pay rent, and i own a 240...isnt that enough? lol

thinking bout some 17x9's +20 and some coilovers :D

[TwItCh]

well 1 kid for me my own apartment and yea im gettin about 5k back my sister get back 10k

[TNathe]

you guys LOVE loaning the government money interest free huh?

[sidewaysil80]

you guys LOVE loaning the government money interest free huh?

well considering i live in this country and reap the benefeits of living here...i don't mind. but clearly you do and would rather see the country go to shit instead of paying taxes.

[axiomatik]

That's not his point. If you are getting $5k-10k back on your taxes, that means your withholding is all screwed up. Ideally you should get a small refund back, because the correct amount of taxes were withheld throughout the year. Or, if you are ambitious and like risks, you don't have any taxes withheld, invest that money throughout the year, and then, when tax season comes round, you cash out and pay the gov't and keep any profits.

[sidewaysil80]

If you are getting $5k-10k back on your taxes, that means your withholding is all screwed up .

thats not true at all because you have to take into account married people filing joint, earned income credit, child credit, child care credit, deductions etc etc. i can your logic/statment (about the amount being returned) applying to the middle class single person...but thats about it.

[murda-c]

bought this

http://sphotos.ak.fbcdn.net/hphotos-ak-snc6/hs074.snc6/168464_1632590174384_1225530024_31540647_1284756_n .jpg

yay

[LimeLite Racing]

bought this

http://sphotos.ak.fbcdn.net/hphotos-ak-snc6/hs074.snc6/168464_1632590174384_1225530024_31540647_1284756_n .jpg

yay

Lol yay! I'm on the screen!

[TNathe]

well considering i live in this country and reap the benefeits of living here...i don't mind. but clearly you do and would rather see the country go to shit instead of paying taxes.

lol, that funny that you say that and then shortly after you think you are entitled to some $10k check because you have kid or something.

Anywho, didn't mean anything to start shit. I'll probably end up using the few hundo I overpaid to the government put towards some fresh paint on the kouki.

[axiomatik]

thats not true at all because you have to take into account married people filing joint, earned income credit, child credit, child care credit, deductions etc etc. i can your logic/statment (about the amount being returned) applying to the middle class single person...but thats about it.

Not true. The withholding worksheet allows you to take all of that into consideration. If you are single with no kids, you will probably only have only 1-2 exemptions. If you are married, filing jointly, with 2 kids (like me), with a mortgage (deducting mortgage interest), you will likely have 6-7 exemptions on your W-4. The number of exemptions adjust your withholding from your paycheck. If you are getting a $10k tax refund, your withholding was too high, and you need to adjust your W-4 to get your withholding in check.

IRS Withholding Calculator (http://www.irs.gov/individuals/article/0,,id=96196,00.html)

You enter in your salary, your tax status (single, married, # of dependents etc), estimated deductions, amount currently withheld for taxes, and it estimates your yearly tax burden and suggests the number of exemptions to meet that burden.

lol, that funny that you say that and then shortly after you think you are entitled to some $10k check because you have kid or something.

Anywho, didn't mean anything to start shit. I'll probably end up using the few hundo I overpaid to the government put towards some fresh paint on the kouki.

You don't get a $10k check for having a kid. He was talking about a specific person who has way too much money withheld and so gets a giant refund. You get a flat $1000 tax credit per child. So if you normally owed $5000 in taxes, and then you have a kid, then you would owe just $4000.

You can also get a credit for child-care, if both parents work and pay for child-care, then you can get a credit that depends on your salary and how much you paid in child care. The maximum you can get is maybe around $1000 if you paid over $5000 in child care expenses. This credit is not affected by the number of children you have, it is capped at $5000 in expenses that can be used. So if you had 2 kids, and day-care cost $7k per kid for a year, you would get the same credit as if you had only 1 kid. Even though you are paying $14k/year in child-care, only $5k of that expense goes towards the credit.

[slamburger]

^^^this guy knows whats up, last year i had my with holdings set to low so i ended up owing last year. So after that i adjusted it but no i think i payed way to much lol its pretty hard to hit the nail on the head though. i rather over pay a lil and get money back.

[LimeLite Racing]

Not true. The withholding worksheet allows you to take all of that into consideration. If you are single with no kids, you will probably only have only 1-2 exemptions. If you are married, filing jointly, with 2 kids (like me), with a mortgage (deducting mortgage interest), you will likely have 6-7 exemptions on your W-4. The number of exemptions adjust your withholding from your paycheck. If you are getting a $10k tax refund, your withholding was too high, and you need to adjust your W-4 to get your withholding in check.

IRS Withholding Calculator (http://www.irs.gov/individuals/article/0,,id=96196,00.html)

You enter in your salary, your tax status (single, married, # of dependents etc), estimated deductions, amount currently withheld for taxes, and it estimates your yearly tax burden and suggests the number of exemptions to meet that burden.



You don't get a $10k check for having a kid. He was talking about a specific person who has way too much money withheld and so gets a giant refund. You get a flat $1000 tax credit per child. So if you normally owed $5000 in taxes, and then you have a kid, then you would owe just $4000.

You can also get a credit for child-care, if both parents work and pay for child-care, then you can get a credit that depends on your salary and how much you paid in child care. The maximum you can get is maybe around $1000 if you paid over $5000 in child care expenses. This credit is not affected by the number of children you have, it is capped at $5000 in expenses that can be used. So if you had 2 kids, and day-care cost $7k per kid for a year, you would get the same credit as if you had only 1 kid. Even though you are paying $14k/year in child-care, only $5k of that expense goes towards the credit.

You should apply at H&R Block. Haha good knowledge.

[sidewaysil80]

You don't get a $10k check for having a kid. He was talking about a specific person who has way too much money withheld and so gets a giant refund.


^^^^^ding ding ding^^^^^
thank you for clarifying what TNathe didn't understand. anyway in all honesty i didn't know what you mentioned. i guess its something to look into. each year we get around 6-8k on our federal refund including all the credits/deductions. are we losing money this way vice what you're talking about?

[slamburger]

yeah you should make a small adjustment so you can get more of your money on your paychecks...unless you like getting it in a big chuck at tax time.

[sidewaysil80]

yeah you should make a small adjustment so you can get more of your money on your paychecks...unless you like getting it in a big chuck at tax time.

i kinda actually prefer the big lump sum (unless you get more money by making an adjustment). the way i see it is we don't need the little extra each month and it's kind of cool to get a giant check once a year.

[slamburger]

If you don't need the lil extra each paycheck then keep it the way it is. Maybe the lil extra could go towards a nice high interest savings...then after a year it will be more then a tax return. Food for thought :)

[R33E8]

If you don't need the lil extra each paycheck then keep it the way it is. Maybe the lil extra could go towards a nice high interest savings...then after a year it will be more then a tax return. Food for thought :)

Lol high interest savings? That's would get you like what? 1%? I'll stick to having a nice big check once a year...

[slamburger]

You're 20 years old wtf do you know. Look into oh i dunno...a CD. And obviously the more you put in the more you make.

[axiomatik]

Your withholding has no bearing on what you end up paying in taxes. You won't end up paying more or less by adjusting your withholding. Your total tax burden for the year is calculated when you do your 1040. Withholding is simply a way of saving for your tax payment. However, if you are getting $8k back every year, that's over $600 a month that you could be used for something else, investing, saving, or putting into an IRA for retirement. If you are bad at keeping a budget, and would otherwise just spend that money, you may choose to keep your withholding where it is and use it as automatic savings. You could take your big fat return and turn it into a big fat check that you deposit into your IRA. Keep in mind that it is in essence an interest-free loan to the government. They are holding onto thousands of dollars of your money throughout the year, and you aren't getting any return on it.

Many banks allow you to setup an automatic transfer between bank accounts. So instead of having the government hold onto your money, you can get it in your paycheck, and then setup an automatic transfer of $600 every month from your checking account into your savings account. That way, you can earn some interest (however little), and still have the flexibility to use it.

[LimeLite Racing]

Has anyone filed their own taxes with the 19.99 H&R block online thing? I'm looking into it. Wanna hear some experiences.

[MisawaJason]

found some cheaper flights for the wifey, so with the extra money I'm thinking about buying all of the adjustable parts from PBM and some other random car shit

[GeneStarWindGSW]

hopefully get people to buy my parts with their tax returns lol.
http://zilvia.net/f/sale-items/365792-nissan-toyota-mazda-honda-more-parts-all-has-goo-more-come.html

if i get anything back i'll probably finally pay my medical bills that i have put off for years then maybe get myself some starbucks lol.

[JuMPiiN]

Turbo tax, works great for me. Takes about 10minutes and last year it found me an additional 600$ over H&R. I already posted but I'm thinking of getting a Brix reclinable driver seat, and a front bumper. Rest of it I'm just going to save for a rainy day.

[LimeLite Racing]

Turbo tax, works great for me. Takes about 10minutes and last year it found me an additional 600$ over H&R. I already posted but I'm thinking of getting a Brix reclinable driver seat, and a front bumper. Rest of it I'm just going to save for a rainy day.

Really? How much does it cost?

[JuMPiiN]

15 bucks, you can even download the free app on your iPhone and do it in your phone.

[LimeLite Racing]

15 bucks, you can even download the free app on your iPhone and do it in your phone.

God damn that's cheap. I think I might go with that. It sure beats the 100+ dollars H&R Block charges.

[GeneStarWindGSW]

For people who want to do taxs on their own, you can goto

http://www.taxfreedom.com and you can do it for free and this is using TurboTax & its all online. (if you qualify)

[JuMPiiN]

Yea dude def beats H&R charging you 150 bucks. Its actually faster from my experience with it.

[Gnnr]

People, use your brains.

H&R Block is chain.

Of course they charge an arm and a leg.

Go to any small local tax place and you'll pay like $30.

[driftsilvias13]

Or just do it yourself for free. That way you control how much is put down. Not someone who gives a rats ass about how much you get back.

[kandyflip445]

Apparently they can't start to process mine until Feb. 14th because of some laws being passed too late.

[DOOK]

paying H&R block to do your taxes saves you the headache of having to deal with the IRS should problems arise... in my experience, this is worth the hassle... as for refund...

Purchased new skis, boots and bindings
prolly get another weapon
Plane ticket to Reno and season pass to Heavenly for a week stay

[axiomatik]

Has anyone filed their own taxes with the 19.99 H&R block online thing? I'm looking into it. Wanna hear some experiences.

I use it. Use to use TaxCut, but it has morphed into TaxCut Online, now H&R BLock Online over the years. It's relatively easy and inexpensive. My only real complaint is that it is always confusing on how to report my wife's income, since her income is reported on a 1099-MISC instead of a W-2, and it is usually not obvious where to enter that info. Usually takes 2-3 hours from start to finish, including carefully going back through it to double check.

I think you can go through it and try it out for free. I am pretty sure they don't handle payment until you go to file. So you can enter in all your info and see if you like it before paying.

[Felipe]

dam it feels good to get your tax money :) my hand is shaking to buy crap lol

[MisawaJason]

yeah, I got both my state and federal just chillin in the Savings. Feels good to finally save it up and not spend it as soon as it hits the account. I'll forget about it in another month or so

[Bobafreak]

Buy a boat

[kingkilburn]

Throw underground raves. lol

[M11's]

going sr finally

[JuMPiiN]

Hopefully figure out my my SR swap won't run, if it doesn't start with a new ecu I'm pulling it and building it ground up.

[Felipe]

one thing on top of my list is a new tat!

[kevmeistah21]

i haven't received mine yet.. WTF?!?!

[Felipe]

i haven't received mine yet.. WTF?!?!

you Sir are a failure... you have to wait till neeeeext year lol

[enkei2k]

only going to get about 600 back...soooo either use it to pay off debt, or finally get my Z32 brakes parts...rotors and conversion lines.

[MisawaJason]

pay off your debt bro. You'll thank yourself later

[LimeLite Racing]

pay off your debt bro. You'll thank yourself later

Big time! I love getting out of debt. It's relaxing.

[91es13coop]

i did mine online and got 1120 back cause i qualified for earned income credit. and mine is going to
front bumper 40$
bumper support 130$
headlight/corner 35$
fender 80$
warrants 400$
title change, registration 100$
inspection and licence renewal 41$
honeys valentines 300$ lol

[satal95]

Mine was supposed to get in this past friday but something happened in processing it and got pushed back to the 22nd:confused: once it comes in paying off some debt, putting money into my little girls savings and whatever is left use to get my 240 running

[KOUKIboy]

I'm gonna take a trip to Mexico and get hella wasted....


And Oh....Buy car parts lol

A full circuit sports suspension package, and a pimp ass wood grain steering wheel, If u wanna do ur taxes just go to one of those Mexican places that does taxes, I paid $50 lmfao....

[kandyflip445]

Got mine today! On my bday! It's almost like a present from Uncle Sam...bought with my own money....but whatever. lol

[DenkiMan!]

im going to get another ka and rebuild it on the side. take my time with it and do it right

[driftsilvias13]

yeah, I got both my state and federal just chillin in the Savings. Feels good to finally save it up and not spend it as soon as it hits the account. I'll forget about it in another month or so

This guy has the right idea! Im with you on that one. Personally my savings acct doesnt even exist either!

[MisawaJason]

yep, it's been chillin there since I got the refund. But I have nothing to spend it on while here in the stan. Watch, I'll blow it on the car when I get back to cali haha

[Future240]

I'm going to be a responsible adult and not buy an RB25, instead I will pay off bills and put the rest in my savings. :( haha but for real it will be good to have no debt other than student loans.

[niscur29]

Paying back the IRS the $8000 first time homebuyers credit for not staying in our new home for three fucking years and renting it out! Ya new job! But hey I get money back from the state of MD, oh wait thats going to the IRS to help pay for the 8 grand....

YA NEW JOB.....fml

[jdmspooge]

Gonna invest in my daughters' future. Buying more stock!