What are you planning on doing with your tax return?

[Brown.Eyed.Girl]

Umm... no idea what I''m getting back. Unfortunately I don''t get foreign income exclusion but I DO get a deduction - just not sure how much. But anything I get is going towards my New Zealand trip!

 

[jewelerman]

Date: 2/2/2009 4:34:48 PM
Author:ladypirate
Are you getting one this year? What are your plans?

We''re getting a new mattress/bed! I''m so excited about it--now I just have to knuckle down and submit my taxes.

Buy food.

 

[trillionaire]

Cash it out in ones, throw it in the air several times, and take picture rolling in it.

I mean, just imagine rolling around in twenty dollars! WHOOOOO HOOOO!!!!


I''m stoked. Will post photos.

 

[arjunajane]

Huh? Likely a silly question, but when does the US fiscal year run? I looked it up and it says Oct to Sept - wouldn't that make it a lil early to consider returns, ..? Or is that wrong?

Our one (Aust) is july to june, so not even thinking about it yet - last year I had a couple anomalies and got back alot more than previous years - needless to say the majority went on sparklies, and I'd do it again, lol

(but after paying off some debt first of course).

 

[Kismet]

Date: 2/3/2009 4:39:45 AM
Author: arjunajane
Huh? Likely a silly question, but when does the US fiscal year run? I looked it up and it says Oct to Sept - wouldn''t that make it a lil early to consider returns, ..? Or is that wrong?


Our one (Aust) is july to june, so not even thinking about it yet - last year I had a couple anomalies and got back alot more than previous years - needless to say the majority went on sparklies, and I''d do it again, lol

(but after paying off some debt first of course).

The usual tax year for US residents is the calendar year actually.

I''m with Miranda, I try to work it so that I either get a small refund or owe a bit. No sense giving the government an interest free loan.

 

[arjunajane]

Date: 2/3/2009 6:22:30 AM
Author: Kismet

Date: 2/3/2009 4:39:45 AM

Author: arjunajane

Huh? Likely a silly question, but when does the US fiscal year run? I looked it up and it says Oct to Sept - wouldn''t that make it a lil early to consider returns, ..? Or is that wrong?



Our one (Aust) is july to june, so not even thinking about it yet - last year I had a couple anomalies and got back alot more than previous years - needless to say the majority went on sparklies, and I''d do it again, lol

(but after paying off some debt first of course).

The usual tax year for US residents is the calendar year actually.


I''m with Miranda, I try to work it so that I either get a small refund or owe a bit. No sense giving the government an interest free loan.

Hrmm..odd. I got that info from Wiki..
thanks for clearing it up for me Kismet

 

[arjunajane]

Date: 2/3/2009 1:48:11 AM
Author: trillionaire
Cash it out in ones, throw it in the air several times, and take picture rolling in it.


I mean, just imagine rolling around in twenty dollars! WHOOOOO HOOOO!!!!



I''m stoked. Will post photos.

This made me lol Trillionaire, you''re funny

 

[steph72276]

I already filed ours, and got it back last week. Just made our final car payment to pay off the car a few months early....rest will go in savings, woohoo!

 

[jcrow]

Date: 2/2/2009 4:59:00 PM
Author: VegasAngel
Havent even thought about it.

i hadn''t thought about it either. maybe savings?

 

[jcarlylew82]

its going for my "oh crap i spent all my savings" fund.
Actually, we''re going on vacation so all the money is going to that. i WILL buy nice jewelry while on vacation this year.

 

[chrono]

We usually pay, pay and pay more even though we are already maxed out with our taxes and contributions.

 

[Girlrocks]

Well, I''m self employed, so last year I had to pay about $20,000 (yes, that is $20,000!) that I had NO idea I was going to have to pay that much (I got 2 extra contracts in 2007 than I had the previous year). This year I''ve been paying quarterly, but I expect I''ll have to pay between 4-5K. I get so depressed this time of year!

 

[luvthemstrawberries]

Date: 2/3/2009 1:48:11 AM
Author: trillionaire
Cash it out in ones, throw it in the air several times, and take picture rolling in it.

I mean, just imagine rolling around in twenty dollars! WHOOOOO HOOOO!!!!


I'm stoked. Will post photos.

HAHAHAHAHAHA

Please post the photos.

 

[luvthemstrawberries]

We''ll be paying off a ring.

And bills. Might try to save a bit of it.

 

[tlh]

Date: 2/3/2009 10:43:19 AM
Author: luvthemstrawberries

Date: 2/3/2009 1:48:11 AM
Author: trillionaire
Cash it out in ones, throw it in the air several times, and take picture rolling in it.

I mean, just imagine rolling around in twenty dollars! WHOOOOO HOOOO!!!!


I''m stoked. Will post photos.

HAHAHAHAHAHA

Please post the photos.

I dont know why indecent proposal comes to mind... but like w/ Jaime Presley and chris elliot....

 

[mayachel]

I''m self-employed, so there is usually no delayed gratification return, just money still to pay the IRS. Boo! (Right, right civic duty etc...) I''m just hoping that as a student this year, I won''t have to pay quite so much out. If there is anything leftover, I''ll put it towards my SEP-IRA.

 

[MichelleCarmen]

Date: 2/3/2009 9:11:50 AM
Author: Girlrocks
Well, I''m self employed, so last year I had to pay about $20,000 (yes, that is $20,000!) that I had NO idea I was going to have to pay that much (I got 2 extra contracts in 2007 than I had the previous year). This year I''ve been paying quarterly, but I expect I''ll have to pay between 4-5K. I get so depressed this time of year!

Yikes! $20,000??? I''m still not quite understanding what I''ll be paying this year once my contract starts. Like was mentioned by Miranda, I''d rather be making interest from the money than paying the IRS early, so I started a seperate savings account for the estimated amount I will be paying. As long as my DH and I can stick to a budget, we should be okay especially since I will be writing off 60 miles of travel time per day.

Still, $20,000!

With a bill that high, I''d be in the selling-my-jewelry-state and panhandling profession.

 

[coatimundi_org]

Tax return?? We always have to pay--indy contractors.

 

[anniee19]

FI and I will both be putting part towards paying for our honeymoon, and then I plan on buying the Wii and Wii Fit, and then paying down on credit cards and student loans! I can''t wait!

 

[all.of.the.above]

Bills, Savings, and then part to a diamond.

 

[Diamond*Dana]

We are going to save as much of it as we can

 

[pennquaker09]

Capital gains killed us.

 

[canuk-gal]

Date: 2/3/2009 8:50:45 AM
Author: Chrono
We usually pay, pay and pay more even though we are already maxed out with our taxes and contributions.

HI

Sounds familiar.....

cheers--Sharon

 

[iheartscience]

I''m sure mine will get sucked into the wedding vortex...either that or the house fund!

 

[MoonWater]

Date: 2/3/2009 1:48:11 AM
Author: trillionaire
Cash it out in ones, throw it in the air several times, and take picture rolling in it.

I mean, just imagine rolling around in twenty dollars! WHOOOOO HOOOO!!!!


I''m stoked. Will post photos.

LOL you are a riot!

 

[MoonWater]

Mine will go into savings.

 

[DivaDiamond007]

Ours is going into our house fund. We may use some of it for something fun but it will depend on how much we get back.

 

[Elmorton]

No return

 

[Haven]

We''re just going to put it in savings.
Buuuuuuuuuut, I may take a couple hundred to get the prongs replaced in my e-ring. If I don''t use our refund to do it, I''ll just use a tiny bit of my summer school pay for the prongs.

 

[oobiecoo]

I already ordered a new laptop! The rest is going to bills.