What are you doing with your tax return?

124

Replies

  • cessnaholly
    cessnaholly Posts: 780 Member
    Paying off bills
  • deadstarsunburn
    deadstarsunburn Posts: 1,337 Member
    Return?? Whats that?? I wish..... Im one of the lucky ones that pays in all year and then pays in some more..... :grumble:

    On a better note- Congrats on the treadmill- thats a great way to spend your return! Enjoy! :happy:

    Exactly...What return? I had to pay over $8,000. Joys and tears of owning a small business....Thankfully we're solid financially and had the money, but it was quite a shock! No vacations this past year because of it. And we're working to be 100% debt free. Only thing left is the house and that should be pd within 2 yrs. (Then the real fun will start!) So if we had a return it probably would have went towards that

    I think paying in is a load of poo. My parents have to pay too however since I've started going to college that's really kept in on a minimal amount. My boyfriends unemployed aunt is getting $10,000. FROM WHAT?!?!? (she doesn't collect unemployment she's just never worked).
  • Sweet_Potato
    Sweet_Potato Posts: 1,119 Member
    Man you guys make it seem like your getting over 500 back.if not way more.
    Most people I know here in Saskatchewan are lucky to make over 100. my boyfriend got 35 dollars back last year. I got 800 but I have money back from staying in Saskatchewan and some other things
    This year I'm hoping to get 1200. half to my car payment and half to my line of credit.

    Well, my partner and I bought a $800,000 house and paid $25,000 in interest on it last year, so we're getting thousands of dollars back. Prior to becoming homeowners we didn't get much, if anything, back, but that's the way it's supposed to work.
  • ChevyChick88
    ChevyChick88 Posts: 356 Member
    It all went in to the Wedding budget....
  • Italianyc84
    Italianyc84 Posts: 192 Member
    same as usual--travelling somewhere! I think we're going to Turkey this year.
  • solskinnzombie
    solskinnzombie Posts: 122 Member
    I am either going to get a laptop or take a trip to visit family if I can get the time off from work. And putting the rest toward a security deposit on a new apartment :D
  • BAMFMeredith
    BAMFMeredith Posts: 2,810 Member
    Man you guys make it seem like your getting over 500 back.if not way more.
    Most people I know here in Saskatchewan are lucky to make over 100. my boyfriend got 35 dollars back last year. I got 800 but I have money back from staying in Saskatchewan and some other things
    This year I'm hoping to get 1200. half to my car payment and half to my line of credit.

    Well, my partner and I bought a $800,000 house and paid $25,000 in interest on it last year, so we're getting thousands of dollars back. Prior to becoming homeowners we didn't get much, if anything, back, but that's the way it's supposed to work.

    I get a decent amount back because I'm not married and I have a 5 year old which I am the only one who claims as a dependent. So head of household + child tax credit + tax deductible childcare I have to pay for because I work full time + no child support...it makes for a decent refund. Although if I could have somebody else pay for my child's daycare and all of the expenses involved with raising a child and not get a refund, I'd GLADLY take that.
  • Skeels
    Skeels Posts: 929 Member
    Put it in my Scottrade account and double that sheat ;)
  • FauxNinja
    FauxNinja Posts: 77
    Getting about 5K back. Don't really have anything to spend it on. Have already paid for this year's vacations, so we will probably bank it and plan a more extravagant vacation for next year.
  • NicoleElen
    NicoleElen Posts: 86 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    I did get a small refund due to pre planning. It went to savings. With 2 boys, never know who is going to break an arm next.
  • krstngrrtt
    krstngrrtt Posts: 69 Member
    I wanted to get an elliptical but the money set aside for that ended up going to some major dental work. So maybe that'll happen next year. Some just helped us purchase a new crib for the baby's room, a new desk for the office, an awesome birthday party for my son who just turned 10 and the rest is being put away for use as a security blanket while my wife is on maternity leave this summer. If we don't end up needing all that's put away for maternity then maybe I'll get that elliptical a little sooner :)
  • traciwe
    traciwe Posts: 78
    getting my wisdom teeth out and paying of a credit card...what fun! lo
  • luvnthenewme
    luvnthenewme Posts: 121 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    Well, at least I know where some of MY tax dollars went!!!!! LOL!
  • Slimithy
    Slimithy Posts: 348 Member
    Waiting... We filed for the adoption tax credit, so ours is expected to take 10-12 weeks... grrrr...
  • 1WorkoutAtATime
    1WorkoutAtATime Posts: 719
    put in my daughter's saving account
  • Italianyc84
    Italianyc84 Posts: 192 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    I did get a small refund due to pre planning. It went to savings. With 2 boys, never know who is going to break an arm next.

    ...? and? If they work mimimum wage and have 4 children, they probably could really use that 12k, even if they receive food stamps. Not everyone is raping the system.
  • KareninCanada
    KareninCanada Posts: 962 Member
    Putting it toward a trip home... DH hasn't seen his family since we were posted to Alberta in Sept 2009, and our kids and I haven't since we had a few weeks to visit in June 2010.
  • KareninCanada
    KareninCanada Posts: 962 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    I did get a small refund due to pre planning. It went to savings. With 2 boys, never know who is going to break an arm next.

    ...? and? If they work mimimum wage and have 4 children, they probably could really use that 12k, even if they receive food stamps. Not everyone is raping the system.


    :huh: It's not a bonus... if they're getting it back, obviously they paid it in in the first place, and in fact overpaid based on their family income. At least they're trying - they've got jobs, don't they? In this economy, minimum wage might be all they can get, and they could be jumping on board with all the people out there who are just throwing their hands in the air and saying "gimme gimme" instead of trying. Give people some credit. Life is hard enough.

    :grumble:
  • Italianyc84
    Italianyc84 Posts: 192 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    I did get a small refund due to pre planning. It went to savings. With 2 boys, never know who is going to break an arm next.

    ...? and? If they work mimimum wage and have 4 children, they probably could really use that 12k, even if they receive food stamps. Not everyone is raping the system.


    :huh: It's not a bonus... if they're getting it back, obviously they paid it in in the first place, and in fact overpaid based on their family income. At least they're trying - they've got jobs, don't they? In this economy, minimum wage might be all they can get, and they could be jumping on board with all the people out there who are just throwing their hands in the air and saying "gimme gimme" instead of trying. Give people some credit. Life is hard enough.

    :grumble:

    agree X a million. Some people have no clue how the tax system works. It's not free money--it's YOUR money.
  • AmandaBroun
    AmandaBroun Posts: 126
    Gutter guards. Wooooooooo! We're party animals.
  • Danielle_Star
    Danielle_Star Posts: 22
    Every year I use my return to go on vacay!!! This year I will be heading to Cali to see my niece graduate high school! Super Excited!!!
  • AlSalzman
    AlSalzman Posts: 296 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    Well, at least I know where some of MY tax dollars went!!!!! LOL!
    For the food stamps, yes. For the $12K refund, not so much - that's their money that they over-paid in taxes.

    That family needs some assistance with financial planning. They're unwittingly giving the Government a$12k per year interest-free loan, when they clearly need the money more for d-t-d expenses.

    Have you offered to help them find a financial counselor instead of just beratting them for being poor?
  • MMarvelous
    MMarvelous Posts: 1,067 Member
    Payoff last credit card and a line of credit...then only student loans remain YAY
  • bahacca
    bahacca Posts: 878 Member
    Already spent-New Fuel pump for my car, registration for Disneyland 1/2 marathon, new running shoes
    Going to be spent-new tires for my car
  • misskerouac
    misskerouac Posts: 2,242 Member
    IF we get anything back

    it'll go to something super fun and awesome...like paying down our credit card or making an extra payment on our car

    WOOHOOO PAR-TAY!!
  • NicoleElen
    NicoleElen Posts: 86 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    Well, at least I know where some of MY tax dollars went!!!!! LOL!
    For the food stamps, yes. For the $12K refund, not so much - that's their money that they over-paid in taxes.

    That family needs some assistance with financial planning. They're unwittingly giving the Government a$12k per year interest-free loan, when they clearly need the money more for d-t-d expenses.

    Have you offered to help them find a financial counselor instead of just beratting them for being poor?


    FIRST - I never berated them for being poor. I am berating the SYSTEM! I helped them with their taxes, so I know for a fact that they didn't pay in 12 grand. In fact they paid in less than 2. What they got back was from child tax credits, and Earned Income credit alone. You people that keep saying that it's THEIR money have obviously forgotten that little gem. So no it's not THEIR money, it's tax dollars. Our state doesn't have income taxes.

    I have tried to help them a lot, actually. The mother has access to free education. I have offered time and time again to help her study for her GED, to help her fill out a FASFA to get her free education, so that she can get a better job and not work in a warehouse, and she doesn't do it. So YES I think the system sucks and YES I have a right to complain about it.
  • ishallnotwant
    ishallnotwant Posts: 1,210 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    I did get a small refund due to pre planning. It went to savings. With 2 boys, never know who is going to break an arm next.

    ...? and? If they work mimimum wage and have 4 children, they probably could really use that 12k, even if they receive food stamps. Not everyone is raping the system.

    I agree. At least they are working.
  • ishallnotwant
    ishallnotwant Posts: 1,210 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    I did get a small refund due to pre planning. It went to savings. With 2 boys, never know who is going to break an arm next.

    ...? and? If they work mimimum wage and have 4 children, they probably could really use that 12k, even if they receive food stamps. Not everyone is raping the system.


    :huh: It's not a bonus... if they're getting it back, obviously they paid it in in the first place, and in fact overpaid based on their family income. At least they're trying - they've got jobs, don't they? In this economy, minimum wage might be all they can get, and they could be jumping on board with all the people out there who are just throwing their hands in the air and saying "gimme gimme" instead of trying. Give people some credit. Life is hard enough.

    :grumble:

    Beautifully spoken.
  • ishallnotwant
    ishallnotwant Posts: 1,210 Member
    My neighbors, who have 4 children, got back almost 12,000 dollars this year! TWELVE GRAND! So we pay for their food stamps every month, their medicaid, and plus they get a BONUS 12 grand a year just for having that many kids and working minimum wage jobs. Makes no sense.

    Well, at least I know where some of MY tax dollars went!!!!! LOL!
    For the food stamps, yes. For the $12K refund, not so much - that's their money that they over-paid in taxes.

    That family needs some assistance with financial planning. They're unwittingly giving the Government a$12k per year interest-free loan, when they clearly need the money more for d-t-d expenses.

    Have you offered to help them find a financial counselor instead of just beratting them for being poor?

    It's apparent that she is much too busy working and working to pay all of their food stamps and their medical bills, according to her post. She must not have time to offer financial advice while supporting both her family and theirs. :tongue:
  • 2Bgoddess
    2Bgoddess Posts: 1,096 Member
    paying down the line of credit that we had to use to fix the roof last month :-/
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