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Re: It's Tee-AX Time!
No idea what the Wife and I will be getting back yet, but whatever we do get back will be going towards debt and saving for a house.
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Re: It's Tee-AX Time!
No clue here either. im going to a tax guy this year (does my brothers and dads taxes) due to my having to file for 2009 and 2010 (likely to be some penalties for 2009 but oh well).
Hoping to make it out in the green but we will see. I got something like 15,000 taken out during the time i have been at RBC. (started in May i believe), so i am expecting a big chunk of that back. |
Re: It's Tee-AX Time!
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I haven't calculated mine out yet, but I'll probably get around $1500. I got around $1000 last year but I took one less withholding this year on my W4. It will be going towards my last credit card bill. |
Re: It's Tee-AX Time!
My co-workers wife is a former CPA. Here's what she said:
If it was a personal car you sold and you sold it for less than you bought it for, then you don’t have to claim it as income. However, if you bought a car for $2,000 and turned around and sold it to a sucker for $4,000, you would claim $2,000 income. If you bought the car for $2,000 put $1,000 worth of work into it, you could only claim $1,000 (if I understand all of this correctly). As far as new cars. You can only claim the sales tax if you are taking the sales tax deduction in the state of MN. Otherwise, if you are taking the income tax deduction, you can’t claim the sales taxes on new cars (or any other item for that matter). Here are some links my wife shot me that may explain this better: http://www.irs.gov/individuals/artic...152421,00.html http://www.irs.gov/taxtopics/tc409.html |
Re: It's Tee-AX Time!
^^That kind of stuff is why I pay my tax guy $100 to do ours. I'll gladly pay him to know that stuff haha
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Re: It's Tee-AX Time!
1,300 for me. Paying off my motor
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Yea, me = fail at math, so it probably wouldn't be the best idea to try tackling taxes on my own. lol |
Re: It's Tee-AX Time!
Hoping for a couple thousand back total, it will go towards bills and savings mostly.
Taxact is super easy, you dont have to do any math, thats what the software is for haha. |
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Woot for paying off anna's car this year, and finishing the e-fund for the total money makeover. Been a long time coming! We haven't really been gazelle intense lately.
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?_? What the hell does ANY of that mean?! |
Re: It's Tee-AX Time!
after 6 months of unemployment last winter and pulling some money out of my IRA to keep up I'm really hoping I made enough to not need to pay in. I would be thrilled if I broke even...
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Re: It's Tee-AX Time!
Doing mine Sat morning.
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http://www.daveramsey.com/article/ga...ndmoney_other/ |
Re: It's Tee-AX Time!
I claimed enough so they did not take any federal tax out because my mom said with me supporting my wife and kid, and us both going to school full time, the extra a month will help out and not paying in won't make a huge difference at tax time.
My mom does taxes and bookkeeping for a living so she does mine for free. She said my return should be deposited next Friday. We are getting $4,850 because of claiming head of house hold and child tax credit. And then an extra $2,000 because of us both going to school so we are totaling $6,850. That will be used to pay a few things and take some out to save for a trip to the Black Hills this summer. Then the rest goes with whatever I can get for selling my Yukon and getting a new car. And if any is left that goes into savings. |
Re: It's Tee-AX Time!
1600 fed 650 state
Going towards a throttle body for the Chevelle and guns |
Re: It's Tee-AX Time!
Good idea on the gun, maybe I'll go buy one with a portion of what we get back.
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