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2005 Income Tax Return


Romier S
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Well seeing as it's that time of year, I figured it would be fun to talk about our returns or lack thereof. I'm sure we all have our horror stories or happy stories waiting to be told. I'll start off with mine since it's been a good day. :D

 

I woke up to find my income tax return direct deposited into my account. The government saw fit to give me back almost 5k this year (which was a huge suprise as we usually get back around 1800 or so). To my elation my wife was already dead set on hitting the stores and shopping till we dropped. I came home today with a bunch of goodies I wanted to share:

 

Nintendo DS system

Feel the Magic

Shadow of Rome (PS2)

The Thing Collectors Edition

Love Actually DVD

Deadwood Season 1 DVD

Oz Season 4

A bunch of new clothes (3 pair of jeans, some nice dress pants and a few shirts)

A new Watch (my old one was scratched up to hell and in pretty bad shape)

Prepaid for my PSP in full along with Lumines

 

The wife also bought a nice load of clothing as well as a ring she has been dying to get her hands on for the past few months. All in all we went on a good 1300 dollar spening spree. Being someone that doesn't usually get the chance to go all kinds of crazy with my money.....IT FELT GOOD! :tu

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My wife and I are getting a good-sized return this year, and while we definitely have plans for the money, I can't help but feeling a bit sad that I let Uncle Sam hold on to my money for me. Am I alone in this? That being said, It is nice to get a fat check once a year.

 

It's my fault, though. I haven't changed my W-4 since I got hired 6 years ago, when I was single.

 

Hopefully I can sneak a couple hundred bucks out of the return and pick up some games. I'm gonna try to pre-pay for a couple of upcoming titles, like Doom 3 and Jade Empire. Mostly the money's going toward some maintenance on our house.

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Maybe he's hoping for the revolution before he has to pay, so it'll all get wiped out?

 

We rarely get much of a tax return - for much the same reasons Chris said, I don't like giving the government a free loan of my cash. My wife & I have had big arguments over this in years past when friends get four or five thousand back & we get two hundred.

 

We did get a big chunk back last year thanks to buying a house, and we'll probably get a few hundred more than normal this year thanks to the tax law change on sales tax being able to be deducted. That'll go towards either paying off for the fence we just bought or put towards a trip to Cancun this summer.

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We rarely get much of a tax return - for much the same reasons Chris said, I don't like giving the government a free loan of my cash. My wife & I have had big arguments over this in years past when friends get four or five thousand back & we get two hundred.

 

The thing is a tax return isn't like the government decided to be nice and give back some of your money. Usually, a tax return means they took too much of it during the course of the year, and now your getting the excess you paid in back. The fact that you are only getting a $200 back a year, Brian, means that you and your wife are paying approximately the correct amount and have that money to spend all year long, as opposed to getting it all in one chunk.

 

As for me, I haven't done my taxes yet, so I'm not exactly sure what kind of a return I'm going to get. I usually get a few hundred bucks back from the state and federal government each year. I actually do have some plans for it, but I'll share that with you all at a another time. Ain't I a tease? :D

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Well If I did it right, as a trial run before i go into HR block

 

We stand to get 4300 back from federal

 

Plans?

 

New TV

 

these are the three we are currnetly looking at:

 

 

Toshiba

Panny

mits

 

An Ipod 20 gig

 

clothes and toys for the girls

 

odds and ends stuff we been wanting for a while

 

though if it is going to be more of a return like the amount above then I may lean more towards a dlp which is want I really want

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Just curious, how does being married affect your taxes? I noticed quite a few of you saying you're getting large refunds, ($4K or more) and it sounds like most of you are married? Do you just get more money taken out of your check if you are filing as married? Seems like a lot of people I know who are married end up owing money a lot of the time. I'm single and have no clue how your taxes differ from mine.

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Just curious, how does being married affect your taxes? I noticed quite a few of you saying you're getting large refunds, ($4K or more) and it sounds like most of you are married? Do you just get more money taken out of your check if you are filing as married? Seems like a lot of people I know who are married end up owing money a lot of the time. I'm single and have no clue how your taxes differ from mine.

 

I'm married but my W-2 still says Single with 0 deductions. The $2830 return is really making me look forward to next year's return, closing cost and interest, wife has already said I can use next year's return and build a real home theater.

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The BigOil co. I work for is giving us all a one-time 6% bonus, on top of our normal success-sharing bonus. Apparently, we did pretty good last year for some reason. :D:D

 

I'll dream about buying a big screen for a short while, but I'm pretty sure I'll use it on a new stove (my wife wants one of those fancy double ovens), a new dishwasher (one that doesn't require me to wash the dishes before putting them in), and home improvements instead.

 

I'll definitely spend a couple of hundred on games for the kids and me. I really want to get DDR and a good dance pad. I'll probably give the kids a bonus too, and then wink and nudge them towards the Gameboy DS and PSP. (dad can always borrow them later)

 

I'll pay off a debt or two, which ultimately gets me that much closer to the HD big screen.

 

Oh, and I'll be sure to set aside some funds for the Xbox next.

 

Carlos.

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