Are You Getting Tax Refund? What Are Doing With It?
Results 1 to 11 of 11
  1. #1
    Registered User NikoSan999's Avatar
    Join Date
    May 2009
    Location
    Florida
    Posts
    9,863
    Post Thanks / WTG / Hug
    Blog Entries
    1
    Rep Power
    58

    Default Are You Getting Tax Refund? What Are Doing With It?

    Are you getting a tax refund? We don't have ours turned into accountant yet but soon. Figure she'll file an extension. No idea if we'll owe or get back.

    How did the new tax laws hit you? Good or bad?

    If you're getting a refund do you have plans for the money? Ours will go into the new to us car fund. Although we REALLY need a new mattress.

    Bank of America is THE godfather of Hell with Wells Fargo running neck and neck. When the world ends the only things that will be left are cockroaches, Walmart, Wells Fargo and Bank of America. Not necessarily in that order. The order remains to be seen.

    Challenges
    Coupon/Sales Challenge July
    $

    Grocery Challenge/July
    Goal $250.00
    Total $

    Eat Out No More July
    Goal 20
    Accomp/7

    No Spend Challenge/July
    Goal 20
    Accomp 6

    Change Jar 2019
    $

    Christmas Fund 2019
    $

    Emergency/Sinking
    $100

  2. #2
    Registered User bookwormpeg's Avatar
    Join Date
    Oct 2008
    Location
    Dream Land
    Posts
    699
    Post Thanks / WTG / Hug
    Rep Power
    15

    Default

    We haven't done ours yet...we usually get a couple hundred back and it goes into savings....had to take some out last month to get house painted.

  3. #3
    Registered User RABBIT's Avatar
    Join Date
    Feb 2008
    Posts
    1,834
    Post Thanks / WTG / Hug
    Rep Power
    22

    Default

    We haven't got ours done yet but if we get a refund, it will be eaten up by medical bills.
    I'm too busy working on my own grass to notice if yours is greener.[FONT=Arial Black][/FON

  4. Remove Advertisements
    FrugalVillage.com
    Advertisements
     

  5. #4
    Registered User
    Join Date
    Nov 2018
    Posts
    302
    Post Thanks / WTG / Hug
    Rep Power
    1

    Default

    We haven't done ours yet either. I have no idea how this will turn out. DH filed his W-4 as "single, no dependents" to get the most taxes taken out. I filed "married, no dependents" plus took an additional $140/mth out for taxes. I did that because I tried to figure out what I owed in taxes and came to that amount.
    For many years, we both would file single, no dependents…. Once the refund check came in, DH would take it to pay off his credit card. So, I decided to just pay the govt what I owe and if there's a refund, he can have all of it as it will all be his.
    Last edited by rujerro; 02-18-2019 at 02:56 AM.

  6. #5
    Registered User jettsmom's Avatar
    Join Date
    Feb 2002
    Location
    Midwest
    Posts
    1,888
    Post Thanks / WTG / Hug
    Rep Power
    19

    Default

    Started working on ours. Not as much back this year. We didn't make any adjustments, but when looking, realized we had $2000 less taken out than last year, so that combined with what we are getting back is about what we got last year. Was really hoping for a bigger refund. We planned to pay some bills off. Now we barely have enough to pay the property taxes.

  7. #6
    Registered User earlybird's Avatar
    Join Date
    Nov 2006
    Posts
    895
    Post Thanks / WTG / Hug
    Rep Power
    16

    Default

    We get a refund and for once we really dont need it for anything crucial. We will get a new screen door and
    put rest in the bank.

  8. #7
    Registered User
    Join Date
    Jan 2019
    Location
    OHIO
    Age
    59
    Posts
    26
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    not this year. We owe because of a snafu with DH's old employer not taking enough taxes out of a vacation payoff.
    DARN IT~!

  9. #8
    Registered User forHISglory's Avatar
    Join Date
    Nov 2007
    Location
    Right Here
    Age
    70
    Posts
    3,849
    Post Thanks / WTG / Hug
    Blog Entries
    11
    Rep Power
    41

    Default

    We still are missing the paperwork on one of our investments. They always send them out in March. Otherwise, we have figured up everything. We always aim for a very low return, as I don't want the government holding my hard earned money! Usually we pay to the state and get a small refund from the feds. No particular plans if we get a refund..... just pop it into checking.
    Spiritual:
    "You are fearfully and wonderfully made." Please... respect life.

    Financial:
    Debt free, hoping to stay that way!


    MY BLOG: glorybug.wordpress.com


    1. Keep on writing.
    2. Get some balance in my life.
    3. Lose weight. Hopefully 20# this year.
    4. Continue to be looking for how God wants to use me this year.


  10. #9
    Registered User
    Join Date
    Jul 2013
    Location
    Norway
    Posts
    383
    Post Thanks / WTG / Hug
    Rep Power
    8

    Default

    Our taxes aren't calculated until June, but it looks like we owe a few hundred bucks. Apparantly it is very difficult for the authorities to estimate correctly when we have so little debt. In total we paid $3500 in interest last year, including our mortgage.
    Total paid/saved: $94 800
    Total goal: $272 900
    To do: $178 100

  11. #10
    Registered User forHISglory's Avatar
    Join Date
    Nov 2007
    Location
    Right Here
    Age
    70
    Posts
    3,849
    Post Thanks / WTG / Hug
    Blog Entries
    11
    Rep Power
    41

    Default

    The new tax laws are not bad.... in many cases it is good..... but it does present a learning curve on how to plan. Many people have less withheld because they are getting more in their paychecks. But we don't always look at that and compare with former pay stubs. Exemptions have changed. What is deductible has changed. I received an inheritance this past year, and decided to tithe from it to a charity that we support. That means we have a very large charitable deduction. I have figured up all of our paperwork but it still remains to be seen how it figures out when we go to the tax accountant.
    Spiritual:
    "You are fearfully and wonderfully made." Please... respect life.

    Financial:
    Debt free, hoping to stay that way!


    MY BLOG: glorybug.wordpress.com


    1. Keep on writing.
    2. Get some balance in my life.
    3. Lose weight. Hopefully 20# this year.
    4. Continue to be looking for how God wants to use me this year.


  12. #11
    Registered User
    Join Date
    Feb 2019
    Posts
    11
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    I received a refund. I used my $350 from state to pay off my credit card balance. I Took $2500 from my federal and paid that on my car loan and put $1000 into my Christmas fund.
    My car is now down to $5600. I got the car almost a year old for $27,000. I had already saved $10k and got $2k for my trade in. Throughout the year I’ve tried to throw everything I can at it. I feel like it’s really getting somewhere! Can’t wait to have it paid off!!

Similar Threads

  1. for those getting a tax refund...
    By hmcart in forum General Chat
    Replies: 23
    Last Post: 02-14-2009, 09:02 PM
  2. Tax refund....what are you doing with yours?
    By ama in forum Debt Reduction & Money Management
    Replies: 46
    Last Post: 01-23-2007, 09:25 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •