Romier S Posted February 12, 2005 Report Share Posted February 12, 2005 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. 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 Quote Link to comment Share on other sites More sharing options...
JoeyN Posted February 12, 2005 Report Share Posted February 12, 2005 My return money is going towards paying for my new Sony Upconvert DVD player, paying off my bestbuy CC and maybe getting my DLP tv calibrated capt Quote Link to comment Share on other sites More sharing options...
Bruce B Posted February 12, 2005 Report Share Posted February 12, 2005 Mine is already spoken for for an April trip to Hawaii. Aloha! I will be able to post pictures from this trip(the mods wouldnt allow my pics from Cancun) Quote Link to comment Share on other sites More sharing options...
JoeyN Posted February 12, 2005 Report Share Posted February 12, 2005 (the mods wouldnt allow my pics from Cancun) :lmfao Quote Link to comment Share on other sites More sharing options...
Chris The Rock Posted February 12, 2005 Report Share Posted February 12, 2005 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. Quote Link to comment Share on other sites More sharing options...
foogledricks Posted February 12, 2005 Report Share Posted February 12, 2005 My brother in law hasn't paid income tax in many years. He is a lawyer and keeps deferring his taxes. I find this extremely odd. Yet he keeps doing it every year. I have no idea how he will pay a half decade of taxes all at once. Perhaps moving to Canada? Quote Link to comment Share on other sites More sharing options...
dogbert Posted February 12, 2005 Report Share Posted February 12, 2005 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. Quote Link to comment Share on other sites More sharing options...
Bruce B Posted February 12, 2005 Report Share Posted February 12, 2005 or put towards a trip to Cancun this summer. If you are looking for a topless all inclusive resort in Cancun I can help you with a great suggestion :rock Quote Link to comment Share on other sites More sharing options...
JFo Posted February 12, 2005 Report Share Posted February 12, 2005 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? Quote Link to comment Share on other sites More sharing options...
MrJames Posted February 12, 2005 Report Share Posted February 12, 2005 The money I got back went toward the down payment I put on my new car. Pics will come eventually. Quote Link to comment Share on other sites More sharing options...
kelley Posted February 12, 2005 Report Share Posted February 12, 2005 Down payment on our new house and other moving fees.....sounds so responsible <shivers> Quote Link to comment Share on other sites More sharing options...
exile Posted February 12, 2005 Report Share Posted February 12, 2005 New flooring for the house. Quote Link to comment Share on other sites More sharing options...
Whooter Posted February 12, 2005 Report Share Posted February 12, 2005 Just be wary that when your refund jumps a significant amount (up or down), that's a red flag to the IRS to take a closer look. Not saying anything will happen, but be aware... Quote Link to comment Share on other sites More sharing options...
blackcalx Posted February 12, 2005 Report Share Posted February 12, 2005 I bought $500.00 worth of PC upgrades and we're finally going to get that king-sized bed we've always wanted. The rest will go toward our emergency buffer. Quote Link to comment Share on other sites More sharing options...
Jeff W Posted February 12, 2005 Report Share Posted February 12, 2005 Emergency buffer huh? Yeah, thats what I've been caling my PSP fund too. Quote Link to comment Share on other sites More sharing options...
Rob B Posted February 13, 2005 Report Share Posted February 13, 2005 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 Quote Link to comment Share on other sites More sharing options...
rustyjaw Posted February 13, 2005 Report Share Posted February 13, 2005 My refund is already spent. I paid off the remainder of a loan (yay!), and bought a Radeon X800 video card (yay!). Quote Link to comment Share on other sites More sharing options...
Atomic Dog Posted February 14, 2005 Report Share Posted February 14, 2005 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. Quote Link to comment Share on other sites More sharing options...
kelley Posted February 14, 2005 Report Share Posted February 14, 2005 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. Quote Link to comment Share on other sites More sharing options...
dogbert Posted February 14, 2005 Report Share Posted February 14, 2005 Being married doesn't really affect your taxes, though there is a small marriage penalty (or did that finally get removed?). A lot of married couples just fail to withold enough cash each paycheque. The big taxbreak is having kids. Quote Link to comment Share on other sites More sharing options...
Josh Posted February 14, 2005 Report Share Posted February 14, 2005 I'm single, do a lot of freelance writing, make a decent amount of money. The last time I got a refund was some time in the 80s. Quote Link to comment Share on other sites More sharing options...
General Zot Posted February 14, 2005 Report Share Posted February 14, 2005 Yeah, I suspect I'll owe the feds on the order of 6-8K this year. I don't mind though, owing them money means I made more money than normal over the year. Quote Link to comment Share on other sites More sharing options...
Carlucci Posted February 16, 2005 Report Share Posted February 16, 2005 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. 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. Quote Link to comment Share on other sites More sharing options...
Rob B Posted February 17, 2005 Report Share Posted February 17, 2005 Quote Link to comment Share on other sites More sharing options...
JFo Posted February 17, 2005 Report Share Posted February 17, 2005 Bobbio; Nice! Don't forget to buy a pair of these. And I had better not see you playing any games stretched on that TV the next time I come over, or there will be some serious hell to pay. Quote Link to comment Share on other sites More sharing options...
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