I just dropped all my stuff off at the accountant's this afternoon. I am not inclined to do my own taxes anymore (not since I could do a 1040 EZ). To me it's well worth the expense of having them done, on time, and correctly.
But some people like to do them and know what they are doing. Makes my eyes glaze over.
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Thread: Income Tax Refunds
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02-25-2010, 12:22 PM #1
Ain't Love a Surprise?
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02-25-2010, 12:35 PM #2
Registered User
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I'm expecting some $$ back - bought a house this year and also put in a highly efficient wood burning insert (for some reason, I get 30% of that back too).... I plan on fully funding my ROTH IRA for the year. Depending on how much over that I am, I will probably put it into the 'house savings' fund. We are redoing a bathroom in an 80+ year old house and ... WOW! talk about money pit! We also hope to redo the basement at some point. Oh yeah, and we have to re-grade and put in a French drain and ... and... and... it sure is a good thing I love my house!
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02-25-2010, 01:07 PM #3
green bean
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we have an arrangement where we do our own taxes but then have someone go over it and make sure everything looks good. it is cheaper than having him do the taxes for us but makes sure we get the maximum back and that everything is done right.
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02-25-2010, 01:29 PM #4
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We are getting a lot back (kind of let the gov. use our money) and it is going to pay for our trip to Spain. We were not depending on the tax refund to actually do the trip, as my DH gets a huge bonus and stakeholder check in February. So now, we were able to use that money to invest in our 401Ks (which due to my DH's diligence are above the amount the were at prior to the "crash.").
This is the first year since we moved into this house (2005) that we haven't had to use all of this extra money for home repair or remodeling.
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02-25-2010, 03:05 PM #5
Slow, but Steady.
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I'm one of those people the government taxes unmercifully -- lower middle income, no kids, not a homeowner. I get squat back from the ol' IRS.
What little I did get went towards a new pair of eyeglasses (my old pair broke) and paying my sister's half of the bills this month (we share a house and she is constantly short when it comes time to pay the bills ).
Sigh.
“I would like to electrocute everyone who uses the word 'fair' in connection with income tax policies." -- William F. Buckley, Jr.
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