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Income Tax Return

creativerick
creativerick Posts: 270 Member
edited February 12 in Chit-Chat
What are you guys doing with your returns?



I think I'll get between 4-7k back this year... I have no idea how to spend it!
-I'm debt free
-I save 10% a month in my 401k
-I max out my Roth-IRA
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Replies

  • rie_q
    rie_q Posts: 73
    I think I'll get between 4-7k back this year... I have no idea how to spend it!
    -I'm debt free
    -I save 10% a month in my 401k
    -I max out my Roth-IRA

    You could donate it to my "I need a house but also an overseas holiday to further my education" fund... :bigsmile:
  • bd0027
    bd0027 Posts: 1,053 Member
    School loans, car payments, a Fitbit, some other exercise items. Nothing cool like a pre-planned spring break trip to get wasted.

    I'm such an oldie at the age of 22. -__-
  • Shreddingit84
    Shreddingit84 Posts: 330
    Ummm Miami trip, member!!! You promised! :wink:
  • 2bePhantasticallyfit
    2bePhantasticallyfit Posts: 491 Member
    A new Louis Vuitton purse and the rest into savings
  • creativerick
    creativerick Posts: 270 Member
    Ummm Miami trip, member!!! You promised! :wink:

    I thought I was waiting until you moved to Cali? :huh:
  • RaggedyPond
    RaggedyPond Posts: 1,487 Member
    Probably fly back to the states.
  • wonkosane
    wonkosane Posts: 42 Member
    Visit your local KTM dealer. They sell giant doses of adrenaline.

    Seriously, I would travel. Or replace my hot water heater, Cause, you know, life.
  • Shreddingit84
    Shreddingit84 Posts: 330
    Ummm Miami trip, member!!! You promised! :wink:

    I thought I was waiting until you moved to Cali? :huh:
    Well im re thinking that too much haters in the west coast :tongue:
  • PghPensFan69
    PghPensFan69 Posts: 2,393 Member
    I won't get one because I didn't give the government an interest free loan all year.
  • bheathfit
    bheathfit Posts: 451 Member
    I would donate 10% to a charity of your choice. I would then spend about $100 on yourself so that you never worried about having a plan for your money again... No one cares more about your money than you do.

    http://www.daveramsey.com/fpu/home/

    Your call bro
  • seamonster1203
    seamonster1203 Posts: 118 Member
    You should use your refund to help me pay the taxes I'm gonna owe!

    how u end p with that much refund? got 7 kids?
  • mamma_nee
    mamma_nee Posts: 809 Member
    I hope to get back enough to pay off my Audi !!
  • drangonfly2323
    drangonfly2323 Posts: 197 Member
    Paying off a little debt so when I take my daughter to Disney in May, we can go debt free.
  • bperkins88
    bperkins88 Posts: 357 Member
    im buying new furniture, a bigger tv, and trading in my car for a truck I've had my eye on
  • LeGaCyGiAnT124
    LeGaCyGiAnT124 Posts: 158 Member
    I hope I get enough back so I can part my current quad out and use the cash from it + the income tax return for another quad, a quad for my girlfriend, and a ring so I can propose already!
  • Andy_83
    Andy_83 Posts: 270
    Booo, income tax obviously works differently in the US to UK, I just had to pay £150. Hope you guys enjoy it whatever you do with the cash.
  • bd0027
    bd0027 Posts: 1,053 Member
    I hope I get enough back so I can part my current quad out and use the cash from it + the income tax return for another quad, a quad for my girlfriend, and a ring so I can propose already!

    Aw. (:
  • The_Enginerd
    The_Enginerd Posts: 3,982 Member
    I won't get one because I didn't give the government an interest free loan all year.
    ^This
  • beernpizza2
    beernpizza2 Posts: 553 Member
    I'll put almost half into my girls college funds. because honestly, I wouldn't get as much back if I didn't have them, so I feel like it belongs to them.

    The rest is going towards paying off some bills and vacation in April
  • PghPensFan69
    PghPensFan69 Posts: 2,393 Member
    I won't get one because I didn't give the government an interest free loan all year.
    ^This

    THANK YOU

    I was starting to think I was the only one on here that gets it
  • Dan_Druff
    Dan_Druff Posts: 104
    Put it into your savings. You can never have enough!
  • tlcarolinagirl
    tlcarolinagirl Posts: 1,700 Member
    Boooo. I will be doing good to break even...darn, stupid taxes!
  • randomtai
    randomtai Posts: 9,003 Member
    I won't get one because I didn't give the government an interest free loan all year.
    ^This

    THANK YOU

    I was starting to think I was the only one on here that gets it

    Good for you. :flowerforyou:

    tumblr_mjk33csaeJ1ro2i2ho1_500.gif
  • wolfsbayne
    wolfsbayne Posts: 3,116 Member
    My son is graduating this year, so some will go for that, his tattoo for his 18th birthday in April (I promised that a couple years ago), my wedding in October. I don't think I'll have any after that.
  • Marcia315
    Marcia315 Posts: 460 Member
    I'm self employed with fluctuating income. Tax time is always a surprise.
  • sewerchick93
    sewerchick93 Posts: 1,438 Member
    It will just go into savings to be available to piddle away as the year goes by.
  • AnninStPaul
    AnninStPaul Posts: 1,372 Member
    How's your cash reserve? Do you have 6mo living expenses socked away (outside of a retirement account)?
  • Greenrun99
    Greenrun99 Posts: 2,065 Member
    If your getting that much back, you need to adjust your tax withholding cause your just giving the government a free loan of your money... Just a FYI
  • randomtai
    randomtai Posts: 9,003 Member
    If your getting that much back, you need to adjust your tax withholding cause your just giving the government a free loan of your money... Just a FYI

    Unless the OP is getting EITC or another refundable credit. Refunds are not always from withholding.
  • PghPensFan69
    PghPensFan69 Posts: 2,393 Member
    I won't get one because I didn't give the government an interest free loan all year.
    ^This

    THANK YOU

    I was starting to think I was the only one on here that gets it

    Good for you. :flowerforyou:

    I can afford my own flowers, but thank you.
This discussion has been closed.

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