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Thread: 2010 Taxes

  1. 02-01-2011, 04:13 PM #1
    Darlene
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    Default 2010 Taxes

    Owe, break even or getting a return?
    We owe the Feds $400. No interest free loan for the from us. Not going to be easy parting with that money in April...
    ~*Darlene*~
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  2. 02-01-2011, 04:20 PM #2
    monkeywrangler71
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    We have a huge refund coming this year because of our moving expenses.
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  3. 02-01-2011, 04:22 PM #3
    Nishu
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    We got back 3762. We already got it last Wednesday.

    We claim the maximum amount of deductions throughout the year so that they take very little out of the man's pay check, but he gets a bonus that is always withheld at 25% so we still get a lot back.
    ~Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.~

    ~The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.~
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  4. 02-01-2011, 04:27 PM #4
    nodmicks
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    No clue as my boss still doesnt have our w2's!!!!!!!!!!
    ~July 19 saving goal for event $104/$1000
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  5. 02-01-2011, 05:06 PM #5
    Neeley
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    Being married to a CPA, our goal every year is to come as close to breaking even as possible. This is year is no different. Uncle Sammy doesn't get that interest free loan from us either. No way, no how, no sir.
    DD (19)
    DS (16)
    DH (Knocking on 40's door)
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  6. 02-01-2011, 05:07 PM #6
    Keildra
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    almost 5,000 getting it tomorrow or Thursday (witch is payday woohoo)
    "Many more people could ride out the storm-tossed waves in their economic lives if they had their . . . supply of food . . . and were debt-free. Today we find that many have followed this counsel in reverse: they have at least a year’s supply of debt and are food-free."-Thomas S. Monson
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  7. 02-01-2011, 05:17 PM #7
    krbshappy71
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    I find out Friday.
    LDR , 2 DD (one left the nest, one rarely home) More pets than money. More love than sense.

    "If you can't see the light at the end of the tunnel, march down there and light it yourself."

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  8. 02-01-2011, 05:20 PM #8
    Greebo
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    Quote Originally Posted by Nishu View Post
    We got back 3762. We already got it last Wednesday.

    We claim the maximum amount of deductions throughout the year so that they take very little out of the man's pay check, but he gets a bonus that is always withheld at 25% so we still get a lot back.
    There isn't an actual maximum - although claiming more than 9 will raise eyebrows at the IRS.
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"

    Greebo    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
     WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three     Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
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  9. 02-01-2011, 05:21 PM #9
    Greebo
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    A refund of about $500-$600 federal and the same state for us.

    First year in several that there's been no refund - not that withholding has been any less - the real estate is just showing a profit which means our taxes have gone up. >
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"

    Greebo    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
     WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three     Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
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  10. 02-01-2011, 05:39 PM #10
    Ramona
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    I don't know yet, I've just started prepping all the numbers and I'm on a break right now When I have a big job, I find that doing it in stages helps me keep my sanity.
    No spend days 2012 91/365
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  11. 02-01-2011, 05:40 PM #11
    Nishu
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    Quote Originally Posted by Greebo View Post
    There isn't an actual maximum - although claiming more than 9 will raise eyebrows at the IRS.
    I guess not but DFAS doesn't allow us to claim any more than 10... so that's the maximum... for us.

    I forget who I'm talking to sometimes. I guess not everyone's military.
    ~Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.~

    ~The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.~
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  12. 02-01-2011, 05:44 PM #12
    Palooka
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    A small refund from Federal. Refund from Kansas and owe Missouri. When I get the refund from Kansas I just turn around and write the check back to MO.

    I was told when we got our taxes done that the gov't is holding everything until the 14th because of all the tax changes or something like that. *sigh.*
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  13. 02-01-2011, 05:55 PM #13
    Nishu
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    I think that they're not letting itemizers file until the 14th.
    Taxpayers Who Itemize Can File on Feb. 14 - Financial News for the Best Bank Rates | Go Banking Rates
    ~Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.~

    ~The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.~
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  14. 02-01-2011, 06:04 PM #14
    Palooka
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    Oh okay, thanks. Yeah they let us "file" it but they said it won't be done until the 14th if that makes sense.
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  15. 02-01-2011, 06:17 PM #15
    photogal06
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    Federal refund $64, owe the state $219. That's the closest I've ever come to breaking even on the federal, so I'm pretty happy about that! And owing the state doesn't bother me one iota.
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