02-01-2011
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#1
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Pewp Champion
Join Date: Nov 2003
Location: Blaine
Drives: Teh Bean
Posts: 12,309
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It's Tee-AX Time!
This is one of my favorite times of the year  After watching the bank account shrink due to xmas a new years adventures, it finally gets a nice little boost with a nice tax refund!!
Post up what you guys are getting back, and what you plan on doing with it! I know we all do taxes differently, but lets please not get into the "it's smarter to get/not get a refund" debate, and chalk it up as different strokes for different folks.
I just finished mine using TAXACT.com which I've used for the past 5 years flawlessly. Not quite as user friendly as TurboTax, but significantly cheaper. And like always, I do my return on both sites just for return amount comparison sake. And like always, they both came back with the same amount. So filed with Taxact.com for $18 total Federal and State.
Fed Refund = $4190.00
+
State Refund = $946.00
-
Filing Fee = $18.00
=
Grand total = $5118.00
Plan on putting $2k towards the principle on my house. Plan on taking $1k and starting a Roth IRA at Wells Fargo. Put another $1k into my savings account. And the remaining $1100 will be to play with Not sure what I'll get yet. Things I want for the Lexus are an Intake Mani, Clutch, new tranny setup. Envoy needs maintenance (shocks, rear diff, tranny, tranny cooler). Things I want for the boat are a Wakeboard Tower, new stereo setup, new tarp. Things I want for the house are paint for some walls, materials to redo the upstairs bathroom, misc new hardware like new door knobs.
Obviouslly it won't cover all that, but I'll end up just picking the ones that are most important. Woo Wooo!!!
What about you guys? |
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02-01-2011
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#2
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Finally Tuned...
Join Date: Apr 2006
Location: Zimmerman
Drives: Spyder GSX
Posts: 2,484
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Re: It's Tee-AX Time!
Lex is most important!
__________________
94 Supra TT Auto, Project 9.xx in the works
97 Spyder AWD 6 bolt 2.3, 579hp 496tq **FOR SALE**
Amsoil Dealer
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02-02-2011
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#3
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Join Date: Dec 2009
Location: Lino Lakes
Drives: 17 Honda Accord
Posts: 4,041
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Re: It's Tee-AX Time!
Wow, thats a helluva return.
I am hoping for the 2k region with my house interest payments helping out a ton.
Mine goes towards paying off debt...and a tubular mani perhaps.
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02-02-2011
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#4
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Join Date: Feb 2008
Location: Hutch
Drives: Evo VIII and 96' Buick Park Ave
Posts: 2,595
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Re: It's Tee-AX Time!
Prolly a bit over 1k here.
Either a new snare or a jdm rear bumper/jdm tail light combo.
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02-02-2011
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#5
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Walls need hugs too
Join Date: Aug 2008
Location: Plymouth
Drives: V10 Touareg, Beater Jetta, Evo IX
Posts: 3,876
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Re: It's Tee-AX Time!
I'm done with W2s, haven't gotten to state stuff or car sale/purchase yet, but I calculated my federal return to be $1006.
__________________
Quote:
Originally Posted by Murlo26
Spaz badger don't give a shit.
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Quote:
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Originally Posted by Trogdor
Smart chicks are better. Personally I like a girl to give me her thesis on how to solve the economic crisis while I put it in her ass.
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02-02-2011
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#6
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R U DTF bro?
Join Date: Aug 2003
Location: Oak Point, TX
Drives: C8 Stingray Z51
Posts: 20,620
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Re: It's Tee-AX Time!
Have done our taxes yet, probably start them this weekend. No state return for me though, only federal.
__________________
Quote:
Originally Posted by Murlo26
I agree with Kracka.
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02-02-2011
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#7
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At-Least-It's-White-Again
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Re: It's Tee-AX Time!
Already got mine back.
...and Brandon, there's a good deal on a V161 tranny on ClubLex. $3200 w/ only 32k miles! 
__________________
'04 Honda Ricer: stock
Done fuckin' with cars but I will snap some photos of yours for now! =)
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02-02-2011
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#8
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back in the saddle again
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Re: It's Tee-AX Time!
Paying down/off personal debts, which will then allow them to support the economy thru additional purchases.
Then wedding stuff.
Maybe a new daily driver/ auto-x project if one comes along.
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02-02-2011
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#9
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Join Date: Jun 2004
Location: Prior Lake
Drives: Icarus
Posts: 1,375
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Re: It's Tee-AX Time!
Very tempted to spend a portion on the Cusco 35/65 F/R fixed center differential. But will probably use it to pay shit off instead 
__________________
"The moment money becomes your motivation, you're immediately not as good as someone who is stimulated by passion and internal will"
-Sebastian Vettel
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02-02-2011
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#10
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Join Date: Sep 2006
Location: new brighton
Drives: 04 evo
Posts: 1,212
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Re: It's Tee-AX Time!
I'm getting 980 back this year,I dont really have a car to play with so I might for once be responsible and save it or just put it towards bills
__________________
03 as evo-sold
04 bby ssl-sold
05 ww mr-sold
03 tb evo- current
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02-02-2011
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#11
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Join Date: Nov 2005
Location: Cottage Grove
Drives: Silver '02 IS300, Blue '06 Suzuki SV1000
Posts: 5,293
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Re: It's Tee-AX Time!
I got a little over 1200 back, probably gonna use some of it to fix up this beater I just got.
__________________
'02 Lexus IS300
'06 Suzuki SV1000: Back on the road and ripping hard as ever!
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02-02-2011
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#12
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Pewp Champion
Join Date: Nov 2003
Location: Blaine
Drives: Teh Bean
Posts: 12,309
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Re: It's Tee-AX Time!
Quote:
Originally Posted by cmspaz
I'm done with W2s, haven't gotten to state stuff or car sale/purchase yet, but I calculated my federal return to be $1006.
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I'm not a tax expert. But what can you claim from buying a vehicle? I bought the Envoy and the SC300 in 2010, but never found anywhere that I could claim anything. Only thing car related I was able to claim was $55 for license tabs on my Envoy. |
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02-02-2011
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#13
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Walls need hugs too
Join Date: Aug 2008
Location: Plymouth
Drives: V10 Touareg, Beater Jetta, Evo IX
Posts: 3,876
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Re: It's Tee-AX Time!
Pretty sure a sale counts as income, and that the purchase isn't a normal sales tax. I'm fairly certain there's something somewhere. But I'll report back for sure.
__________________
Quote:
Originally Posted by Murlo26
Spaz badger don't give a shit.
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Quote:
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Originally Posted by Trogdor
Smart chicks are better. Personally I like a girl to give me her thesis on how to solve the economic crisis while I put it in her ass.
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02-02-2011
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#14
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Pewp Champion
Join Date: Nov 2003
Location: Blaine
Drives: Teh Bean
Posts: 12,309
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Re: It's Tee-AX Time!
Quote:
Originally Posted by cmspaz
Pretty sure a sale counts as income, and that the purchase isn't a normal sales tax. I'm fairly certain there's something somewhere. But I'll report back for sure.
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Yeah definately report back! I usually just go through the questionaire and never see much about car related stuff. I sold 2 cars this year (saab and talon) but also bought 2 cars (Envoy and SC300). So if I should have been claiming something, I better go back. It'd probably work in my favor though because the total of the cars I sold was probably around 9k, and the total of the ones I bought was around 14k. |
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02-02-2011
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#15
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*Resting In Peace*
Join Date: Aug 2009
Location: Heaven
Drives: 94 Plymouth Acclaim/2008 EvoX
Posts: 2,430
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Re: It's Tee-AX Time!
My refund is enough to pay off the AmEx. That's around half of what I blew on the car last year. I wasn't expecting quite so much, so I'm very happy about it.
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02-02-2011
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#16
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Smells like cat poop
Join Date: Feb 2007
Location: maple grove
Drives: an evo's fat korean cousin
Posts: 2,549
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Re: It's Tee-AX Time!
Quote:
Originally Posted by cmspaz
Pretty sure a sale counts as income, and that the purchase isn't a normal sales tax. I'm fairly certain there's something somewhere. But I'll report back for sure.
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*sigh*
The only way you can count a car as income is if the sale of the vehicle was used for business purposes.
If it was for personal use, then all you can claim are the tabs - which Brandon did.
__________________
Speaking about wanting kids...
turbotalon1g: 3 max, she wants one of each.
A////guy: "we are shooting for a transgender child this time"
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02-02-2011
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#17
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Join Date: Oct 2005
Location: The land of the next-gen HMMWV
Drives: A BMW
Posts: 1,875
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Re: It's Tee-AX Time!
hoping to get a lot back, i'm poor and a student. We will see. Return will be used for the purposes of eating and having a roof over my head.
__________________
Style's automotive engineer
Sponsored by DB Performance (dbptuning.com)
A dsm, a bimmer, a DORGE CUMMINZ, and a non running DSM race car... for now.
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02-02-2011
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#18
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R U DTF bro?
Join Date: Aug 2003
Location: Oak Point, TX
Drives: C8 Stingray Z51
Posts: 20,620
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Re: It's Tee-AX Time!
I'm curious to find out how much we get back this year since it was our first full year of home ownership. No big plans for it though, probably save most of it, but we do plan to get a new fence this spring.
__________________
Quote:
Originally Posted by Murlo26
I agree with Kracka.
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02-02-2011
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#19
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Manic Narcissistic
Join Date: Mar 2006
Location: Burnsville
Drives: IS300
Posts: 1,465
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Re: It's Tee-AX Time!
I'm barely getting anything back but what I am is going towards a milsim paintball set up.
__________________
170whp/163wtq @ MAP (god I miss turbo)
asshanson: emily was grossed out and asked me what kind of movies i'm into, very awkward
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02-02-2011
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#20
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N17r0U$ br4D
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Re: It's Tee-AX Time!
It looks like I'll probalby get around $1,500 or so back. Will probably put it towards the car payment or maybe a set of cams
__________________
My rice rocket best times
Pump Gas: 8.85 @ 152.3 in 2016
Race Gas: 8.982 @ 152.16 in 2014
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