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Federal Tax Returns

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Iliketurtles's avatar

Iliketurtles

Senior Member

8,191 posts
Feb 14, 2012 8:32 PM
S&L I'd say $750 is probably about right maybe a little more but no much.

I got back $1350 in Federal and $190 from the state.
Feb 14, 2012 8:32pm
LJ's avatar

LJ

Senior Member

16,351 posts
Feb 14, 2012 8:35 PM
Ironman92;1086093 wrote:My wife and I got back $3800 in federal....hope this helps
ernest_t_bass;1086099 wrote:$6,600 federal. About $550 bt Ohio and Indiana. About $175 SD.
Ya'll bros need to adjust your witholdings.

Ernest you could be brining home an extra $610/month. Using that on hooker, blow and lime powder is a better ROI than letting the .gov hang onto it.
Feb 14, 2012 8:35pm
McFly1955's avatar

McFly1955

Senior Member

1,441 posts
Feb 14, 2012 8:36 PM
We are getting around $1500 back and have a 2nd baby on the way this year...I adjusted my allowances at work today...Ideally I'd like to owe zero and get back zero.
Feb 14, 2012 8:36pm
Laley23's avatar

Laley23

GOAT

29,506 posts
Feb 14, 2012 8:42 PM
Ill be paying the IRS. Probably hold out as long as possible. This part of the year sucks, but I love have all my paycheck at my disposal during the year.
Feb 14, 2012 8:42pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Feb 14, 2012 8:56 PM
LJ;1086104 wrote:Ya'll bros need to adjust your witholdings.

Ernest you could be brining home an extra $610/month. Using that on hooker, blow and lime powder is a better ROI than letting the .gov hang onto it.

I like it better this way.
Feb 14, 2012 8:56pm
LJ's avatar

LJ

Senior Member

16,351 posts
Feb 14, 2012 9:00 PM
ernest_t_bass;1086120 wrote:I like it better this way.
Poor people savings accts
Feb 14, 2012 9:00pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Feb 14, 2012 9:02 PM
LJ;1086127 wrote:Poor people savings accts
to be fair, he is a high school teacher.
Feb 14, 2012 9:02pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Feb 14, 2012 9:12 PM
LJ;1086127 wrote:Poor people savings accts

Ok?
Feb 14, 2012 9:12pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Feb 14, 2012 9:12 PM
Pick6;1086128 wrote:to be fair, he is a high school teacher.

Lol
Feb 14, 2012 9:12pm
chicago510's avatar

chicago510

Original Chatterer

5,728 posts
Feb 14, 2012 9:14 PM
ernest_t_bass;1086120 wrote:I like it better this way.
Why exactly? You can earn some cash on $7000 in principal if you know anything about finance. Even if you don't, let it sit in a shoebox so that uncle sam isn't screwing you over.
Feb 14, 2012 9:14pm
dwccrew's avatar

dwccrew

Not Banned

7,817 posts
Feb 14, 2012 9:44 PM
ernest_t_bass;1086120 wrote:I like it better this way.
I never understood why people enjoyed letting the government hold on to their money with no interest being earned. Maybe you could let me know why you prefer that to you managing your own money and investing it into something worthwhile?
Feb 14, 2012 9:44pm
LJ's avatar

LJ

Senior Member

16,351 posts
Feb 14, 2012 9:49 PM
dwccrew;1086193 wrote:I never understood why people enjoyed letting the government hold on to their money with no interest being earned. Maybe you could let me know why you prefer that to you managing your own money and investing it into something worthwhile?
Because the .gov is a poor people's savings acct. It's for people who cannot manage their own money. This is evidenced by those same people saying that they like getting a big return going out and blowing it all on stupid shit.
Feb 14, 2012 9:49pm
dwccrew's avatar

dwccrew

Not Banned

7,817 posts
Feb 14, 2012 9:50 PM
LJ;1086202 wrote:Because the .gov is a poor people's savings acct. It's for people who cannot manage their own money. This is evidenced by those same people saying that they like getting a big return going out and blowing it all on stupid ****.
I just sell my unused money on my food stamp card to buy the stupid shit I want. Wish others would do the same.
Feb 14, 2012 9:50pm
W

WebFire

Go Bucks!

14,779 posts
Feb 14, 2012 9:54 PM
j_crazy;1086029 wrote:I'm curious what we get/owe. Got like 1800 last year. I didn't change anything, but we had another kid and tons of medical expenses for his surgery so we might get a lot more back. Which sucks.
It sucks that you owe less taxes? :confused:
Feb 14, 2012 9:54pm
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Feb 14, 2012 10:05 PM
LJ;1086104 wrote:Ya'll bros need to adjust your witholdings.

Ernest you could be brining home an extra $610/month. Using that on hooker, blow and lime powder is a better ROI than letting the .gov hang onto it.

Thanks

I keep $35 extra in federal out each check ($70 a month) for my other job teaching at the local jail....but I barely worked there this year (job doesn't take any taxes)....made return a bit larger.
Feb 14, 2012 10:05pm
dwccrew's avatar

dwccrew

Not Banned

7,817 posts
Feb 14, 2012 10:05 PM
WebFire;1086218 wrote:It sucks that you owe less taxes? :confused:
Pretty sure he meant it sucks he's getting more back because that means he overpaid more for the year. Have you not followed the previous posts? Honest question.
Feb 14, 2012 10:05pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Feb 14, 2012 10:10 PM
dwccrew;1086237 wrote:Pretty sure he meant it sucks he's getting more back because that means he overpaid more for the year. Have you not followed the previous posts? Honest question.
I took it as it sucks he's getting more money back at the expense of his kid's surgery. But I could be 150% wrong lol
Feb 14, 2012 10:10pm
dwccrew's avatar

dwccrew

Not Banned

7,817 posts
Feb 14, 2012 10:12 PM
SportsAndLady;1086251 wrote:I took it as it sucks he's getting more money back at the expense of his kid's surgery. But I could be 150% wrong lol
I actually thought that as well, but wasn't real sure either. Both reasons suck, but the kid thing sucks infinity times more.
Feb 14, 2012 10:12pm
Commander of Awesome's avatar

Commander of Awesome

Senior Pwner

23,151 posts
Feb 14, 2012 10:25 PM
I got back $2 from fed (almost perfect!) and $98 from local. Overall pretty close to my hope of $0.
Feb 14, 2012 10:25pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Feb 14, 2012 10:29 PM
Filling jointly turbotax says we're going to owe about $1300 between state and fed. We are going to see what filing separately will do overall. She put in her info and it says she'd get back $111. Before I put her info to file jointly I was set to get $260 back.
Feb 14, 2012 10:29pm
Commander of Awesome's avatar

Commander of Awesome

Senior Pwner

23,151 posts
Feb 14, 2012 10:34 PM
Justin, if your company has a payroll office or perhaps an HR if not payroll, I'd suggest talking to them, should be able to avoid owing $1,300 if you're filed correctly through them. Just a thought. Or don't I really don't give a shit.
Feb 14, 2012 10:34pm
LJ's avatar

LJ

Senior Member

16,351 posts
Feb 14, 2012 10:35 PM
justincredible;1086296 wrote:Filling jointly turbotax says we're going to owe about $1300 between state and fed. We are going to see what filing separately will do overall. She put in her info and it says she'd get back $111. Before I put her info to file jointly I was set to get $260 back.
Just an FYI you can either file for itemized or for standard deduct when doing Married filing sep.
Feb 14, 2012 10:35pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Feb 14, 2012 10:36 PM
LJ;1086310 wrote:Just an FYI you can either file for itemized or for standard deduct when doing Married filing sep.
Yeah I don't know what this means.
Feb 14, 2012 10:36pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Feb 14, 2012 10:37 PM
Commander of Awesome;1086309 wrote:Justin, if your company has a payroll office or perhaps an HR if not payroll, I'd suggest talking to them, should be able to avoid owing $1,300 if you're filed correctly through them. Just a thought. Or don't I really don't give a shit.
My company has 4 employees. I'm not sure who does our payroll.
Feb 14, 2012 10:37pm
LJ's avatar

LJ

Senior Member

16,351 posts
Feb 14, 2012 10:38 PM
justincredible;1086313 wrote:Yeah I don't know what this means.
That means it may not even out as much as you think. You need to hire a tax planner is what I am thinking
Feb 14, 2012 10:38pm