The Cellar  

Go Back   The Cellar > Main > Home Base
FAQ Community Calendar Today's Posts Search

Home Base A starting point, and place for threads don't seem to belong anywhere else

View Poll Results: Have you filed your tax returns yet?
Of course! I finished them as soon as I got my W-2. Why wait? 10 40.00%
Yes, but someone else does them for me, so I don’t have to worry about timeliness. 6 24.00%
Hell no! I’ll be damned if I’ll give the Government my money one second before I have to. 1 4.00%
Of course not, I’m a lazy slug. 6 24.00%
Taxes? We don’t need no stinkin’ taxes! 2 8.00%
Voters: 25. You may not vote on this poll

Reply
 
Thread Tools Display Modes
Old 04-14-2009, 09:21 AM   #1
Stress Puppy
Elite Elitist
 
Join Date: Oct 2002
Location: Fresno, CA
Posts: 359
How's that work? I never get large returns. Largest for me was .. this year, actually. $450 from Fed, $115 from state.

Do you have kids? Everyone I know that has kids gets these thousand dollar returns.
__________________
~Stress Puppy~
Mundus vult decipi, ergo decipiatur
Stress Puppy is offline   Reply With Quote
Old 04-14-2009, 10:00 AM   #2
Shawnee123
Why, you're a regular Alfred E Einstein, ain't ya?
 
Join Date: Jun 2006
Posts: 21,206
Quote:
Originally Posted by Stress Puppy View Post
How's that work? I never get large returns. Largest for me was .. this year, actually. $450 from Fed, $115 from state.

Do you have kids? Everyone I know that has kids gets these thousand dollar returns.
I inferred from your post that you had these deductions. Forgive my infernal inferences. I don't have the deducts, either. Sometimes people forget to look at total tax liability. I've heard "but but I paid 1300 last year." [I used to verify reporting of taxes on FAFSA at old job and I would have to explain that they got 5000 back: 1300 plus 3700 (just pulling numbers out of the air, here.)]

Also, I've always been taught not to use taxes as a savings account, so I do end up paying because I don't have as much withheld. However, sometimes I think about doing that differently: usually every April. :p

Anyway, I actually usually do have them done by now, just not sent in...guess what? I can't find my freaking W2s. Arghhhhhhh.
__________________
A word to the wise ain't necessary - it's the stupid ones who need the advice.
--Bill Cosby
Shawnee123 is offline   Reply With Quote
Old 04-14-2009, 04:38 PM   #3
SteveDallas
Your Bartender
 
Join Date: Jan 2002
Location: Philly Burbs, PA
Posts: 7,651
Quote:
Originally Posted by Stress Puppy View Post
Do you have kids? Everyone I know that has kids gets these thousand dollar returns.
Current tax law gives a $1,000 credit--that's a CREDIT against the tax you owe, not a deduction against your income--per child.

If it makes you feel better, "our" refund disappeared thanks to Mrs. Dallas having an unexpected bounty of freelance work with hardly any writeoffs against it. We hadn't really planned for it, so the bill's a bit of a surprise, though we're much better off having gotten the income than not (duh).

WTF moment: As a result, we should have, if we had paid more attention, paid estimated taxes to the state of PA. Not a huge amount--$33 per quarter--but nonetheless we did not pay. Therefore we are being assessed $5 extra in interest.
SteveDallas is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -5. The time now is 02:11 AM.


Powered by: vBulletin Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.