So what everyone doing with their tax refunds?

[bmoss85]

since we're on the subject of tax refunds, how do people get beck more than they pay in?

a friend of mine is getting back almost twice as much as he paid in, apparently he gets my tax dollars too.

 

[Zumtizzle]

I'd offer something except I take great pains to avoid tax refunds...

Yep! The Fed's get enough of my hard earned $$$ without me giving them a free loan

http://www.irs.gov/individuals/article/0,,id=96196,00.html

Just used this to make some changes.

 

[RazoE]

Im going to buy a DD again. It makes economic sense. It takes me a 1/4 tank to get to work in back in my firebird. Even with 25$ fill-ups thats still 100 bucks a week. Car is getting 13-15 mpg Im going to try to find a civic(100% stock) or a 1.8 celica. Or even a corolla. Something that i wont be tempted to drive fast in. Self control can be a bitch!

1.6 (4afe) 5th/6th gen celicas are great with gas too...

 

[89nasupra]

i'm doing a GE to GTE swap. i have everything now i just need ot have the GTE rebuilt. i got back 3700.00

 

[RazoE]

^----you'll love the boost...

you'll wonder why it took you so long once you punk your first civic

 

[Supracentral]

since we're on the subject of tax refunds, how do people get beck more than they pay in?

a friend of mine is getting back almost twice as much as he paid in, apparently he gets my tax dollars too.

This is called a "tax credit".

This is how Obama is going to give a tax break to the 50% of Americans who don't pay taxes.

It's just another welfare check.

 

[mkiiSupraMan18]

^ Nice...

To any financial people... Im getting back $11k, which is enough to pay off all of my debt -the STI and mortgage... Some things are 0% interest (appliances for the house, some furniture.... maybe $2500-3000) Should I pay everything off and put money back into savings, or pay off things w/ interest and let the money make a little money in savings... plus is easily accessible in case of an emergency, and wont end up being on a CC w/ interest?

 

[bmoss85]

This is called a "tax credit".

This is how Obama is going to give a tax break to the 50% of Americans who don't pay taxes.

It's just another welfare check.

well it makes me mad. im gonna write anything and everything off i can come next tax season. so since i make more than my friend i get punished, thats awesome. the government sucks, i payed my way through school with 2 kids and wife to take care of and struggled the whole time. now i get pretty good paying job i get punished for all of my hard work. its bullshit!!

 

[Supracentral]

^ Nice...

To any financial people... Im getting back $11k, which is enough to pay off all of my debt -the STI and mortgage... Some things are 0% interest (appliances for the house, some furniture.... maybe $2500-3000) Should I pay everything off and put money back into savings, or pay off things w/ interest and let the money make a little money in savings... plus is easily accessible in case of an emergency, and wont end up being on a CC w/ interest?

You've got it right. Use money where it earns the most and/or loses the least.

Pay off your interest bearing debt first. No interest debt stays, start earning interest with what is left.

Don't make emotional decisions about money and you'll do fine. It's just math.

 

[mkiiSupraMan18]

^ Thats kiinda what we decided on. Was just curious how others would look at it.


We would have been fine debt wise w/o the refund, but it's nice to get everything paid off almost immediately.



How do you go about not paying taxes in and then paying them off come Tax time? Is there an equation that would say roughly what to expect to pay?

 

[89nasupra]

^----you'll love the boost...

you'll wonder why it took you so long once you punk your first civic

i know i'll love it!! my friend has a TT 300ZX makes me jealous everytime we would go ride...lol

my wife telling me no is what took so long...lol i had to blow up teh GE to let her let me do the swap....lol

 

[mkiiSupraMan18]

^ You know that old saying of "don't ever get married...."? :sarcasm:

 

[cjsupra90]

Hell, its not what Im gonna buy for the car, its what am I going to take off of and and sell to pay the fuckfaces the $567 I owe them supposedly....

 

[rakkasan]

paid off my remaining credit cards and put the rest in the bank. Well, minus what I needed for my 1.5JZ swap