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Author Topic: Death and Taxes - but I got a Refund!  (Read 5225 times)
jbeany
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« on: February 09, 2007, 02:48:01 PM »
Got state and federal back today - woooooohhhhhhooooo! - time to pay bills! 

Of course, just when you think you might have a little extra, it goes up in flames.  Literally.  Our TV set caught on fire last Sunday.  Must have been a heck of a Superbowl game. . . .   so replacing the dead TV will have to come out of the refund.  Ah, well. . .. at least the regular, non-flat screen ones are pretty cheap these days.

So, got your taxes done yet?   ;D
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« Reply #1 on: February 09, 2007, 02:53:39 PM »
Same here only it's my Truck. 1. $1200.00
                                Truck 2.  $800.00
                                Truck 3.  $400.00

$2400.00 in vehicle repairs so far and I'm not done. I only get $40 back from Federal.

I know where your coming from JBeany but at least your house didn't burn down and you are OK. 
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angela515
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« Reply #2 on: February 09, 2007, 03:06:09 PM »
I don't get an taxes back...  >:(  Second year now I get nothing. I hate it. That's one of my main reasons I want to go back to work... to get a refund. When I work, I get 4500 back, due to EIC, 2 kids.

If I could change the IRS laws, I would. I have been on disability since 2004, and getting SSDI, started out 1350/mo this year increased to 1400/mo, to use to take care of myself and 2 children. Since when your on SSDI you don't pay taxes, you don get axes back... however,I still have to support and take care of 2 children... I feel personally I should still get the EIC.. but it don't work like that... so I get $0.


I wish I could change IRS laws.... but, that will never happen.
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Joe Paul
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« Reply #3 on: February 10, 2007, 12:01:58 PM »
Quote from: sluff on February 09, 2007, 02:53:39 PM
Same here only it's my Truck. 1. $1200.00
                                Truck 2.  $800.00
                                Truck 3.  $400.00

$2400.00 in vehicle repairs so far and I'm not done. I only get $40 back from Federal.

I know where your coming from JBeany but at least your house didn't burn down and you are OK. 
I know a good mechanic who would consider a move if everything could work out  ;D
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« Reply #4 on: February 10, 2007, 04:22:24 PM »
An offer? Oh my JBeany! Whatever will you do?
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« Reply #5 on: February 10, 2007, 07:17:26 PM »
Quote from: angela515 on February 09, 2007, 03:06:09 PM
I don't get an taxes back...  >:(  Second year now I get nothing. I hate it. That's one of my main reasons I want to go back to work... to get a refund. When I work, I get 4500 back, due to EIC, 2 kids.

If I could change the IRS laws, I would. I have been on disability since 2004, and getting SSDI, started out 1350/mo this year increased to 1400/mo, to use to take care of myself and 2 children. Since when your on SSDI you don't pay taxes, you don get axes back... however,I still have to support and take care of 2 children... I feel personally I should still get the EIC.. but it don't work like that... so I get $0.


I wish I could change IRS laws.... but, that will never happen.



I am sorry-I do not understand....why do you deserve a refund if you haven't worked?
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« Reply #6 on: February 10, 2007, 07:32:25 PM »
I didn't say I deserved a Federal refund, I still should get EIC... I still have to take care of 2 children. Just my  :twocents;, which we know dont matter.
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« Reply #7 on: February 10, 2007, 09:23:14 PM »
I am personally against EIC, why should I have to pay taxes to SUPPLEMENT someone elses income? We worked hard for what we have,and when we get a refund its because we paid too much...
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« Reply #8 on: February 11, 2007, 08:23:42 AM »
In my opinion you should structure your withholdings so you don't get a refund why would you want the government to hold your money and not pay you interest if you are smart you should get all you have coming every payday. Boxman55
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« Reply #9 on: February 11, 2007, 08:38:37 AM »
Quote from: boxman55 on February 11, 2007, 08:23:42 AM
In my opinion you should structure your withholdings so you don't get a refund why would you want the government to hold your money and not pay you interest if you are smart you should get all you have coming every payday. Boxman55
I agree completely.  YOU should be earning interest on your money, not the government.   
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« Reply #10 on: February 11, 2007, 09:08:10 AM »
 :lol; ... I'm not gonna comment on your beliefs of EIC... I shall respect everyones opinions.
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jbeany
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« Reply #11 on: February 11, 2007, 12:20:53 PM »
Quote from: boxman55 on February 11, 2007, 08:23:42 AM
In my opinion you should structure your withholdings so you don't get a refund why would you want the government to hold your money and not pay you interest if you are smart you should get all you have coming every payday. Boxman55

Tried that, boxman.  but it's hard to get the balance right, and it's too hard on a tight budget to have to pay out when we go too far in the other direction.  Better to get a couple hundred back than be scrabbling for that amount to send in.
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boxman55
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« Reply #12 on: February 11, 2007, 02:14:19 PM »
getting a hundred back or so is ok it is when someone is getting a couple grand back is when you need to make some adjustments. As far as the EIC it is in the codes so if you qualify more power to you. Boxman55
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Sluff
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« Reply #13 on: February 11, 2007, 02:57:49 PM »
Just a word of advice to everyone. If you are good with your money you should not claim exepmtions for a large refund because you are only allowing the Government to make money on your money.

If your not good with money than claim less exceptions to get a larger refund.

Personally I would rather get a small refund so I can have it all year collecting interest.
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glitter
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« Reply #14 on: February 11, 2007, 03:17:44 PM »
and god knows the goverment will just waste it!!!!
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shay_pcb
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« Reply #15 on: February 11, 2007, 10:39:25 PM »
I'm majoring in accounting and currently taking a tax class, and I do not understand it one bit...This entire thread confuses me...Is it just me or is all this tax stuff confusing??
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angela515
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« Reply #16 on: February 12, 2007, 06:17:56 AM »
 :lol; shay, that's why when I do file taxes, I let H&R BLock Do mine. My mom does her own, she knows how.. I dont een wanna learn.. I would rather pay someone to do mine.
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Sluff
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« Reply #17 on: February 12, 2007, 07:45:50 AM »
Quote from: angela515 on February 12, 2007, 06:17:56 AM
:lol; shay, that's why when I do file taxes, I let H&R BLock Do mine. My mom does her own, she knows how.. I dont een wanna learn.. I would rather pay someone to do mine.

And that is smart because you could make mistakes that would cost you more than what you are paying to have H&R block do them for.

I go to a private accountant because I had problems with H&R Block.
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shay_pcb
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« Reply #18 on: February 12, 2007, 04:28:16 PM »
Yeah, but see, I want to be the person that does your taxes, but it's not looking so good right now! lol
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angela515
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« Reply #19 on: February 12, 2007, 07:12:05 PM »
ahh, well, get studyin shay  :P
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« Reply #20 on: February 13, 2007, 09:15:22 AM »
yes, my income is limited. But, i actually enjoy not having to pay taxes. are you all aware of the telephone tax credit this year. $30 even if you don't have to file. form 1040ezT
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« Reply #21 on: February 13, 2007, 12:58:58 PM »
I always get a refund from the feds but not always from the state.  California is very greedy when it comes to money and they often either make me pay or break even at best.  Putting on thinking cap now and preparing for some quality time with Turbotax. 
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boxman55
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« Reply #22 on: February 13, 2007, 01:15:03 PM »
Quote from: shay_pcb on February 12, 2007, 04:28:16 PM
Yeah, but see, I want to be the person that does your taxes, but it's not looking so good right now! lol
Ah Shay, there is only two things for certain, death and taxes.So get to studing and cash in on the taxes.  Boxman55
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