Its tax season!!!

[tootall82103]

I'm glad I don't have this upgrade-itis bug that many people have. I'll use my return to buy stock while the economy is still down!

[igotcabada]

Originally Posted by Darkthrone

Mine will go towards a new furnace as well...its OLD and better to replace it now than have it go out when its very cold lol Its the pleasures of owning your own house i guess haha

Yeah isn't it fun? At least I will be getting back a $1,500 tax rebate for it next year....

[Mr. Joshua]

Originally Posted by Ricshoe

For those unaware or who don't use a tax preparer or tax software, be sure to file Schedule M this year in order to get your share of the "free Obama money" out there. Subject to income restrictions, of course, you will get an extra $400 filing individual and $800 filing jointly. If you don't file, you will NOT get this refund/credit/hand-out. My understanding, anyway.

YAY I get my own money back LOL!!! Obama is a joke.....

[Mr. Joshua]

Originally Posted by dolphinc

Not a fan. I always have to pay somewhere around 8-12 thousand because of my tax bracket.

U must make the big bucks. I feel your pain, Obama is gonna hit you hard if you are over the $250,000 mark....

[Mr. Joshua]

Originally Posted by Sammy

Don't you just love that. They get interest and penalties if you don't pay in enough during the year but if you over-pay you don't get jack from them.

I'm all for a flat sales tax 10% only for infinity and beyond. If Jesus gets 10% then the government should only get 10%. No more IRS, fight organized crime abolish the IRS!

[Blu-Benny]

got my taxes done last week and we're getting $7600.

gonna pay off my auto loan and my best buy card bill.

will free up $500 a month w/those 2 bills gone!!

[dukenukem]

I got back 900$.Bought a recling theater chair from kmart online for 280$,gonna be putting new floor in my roomand repainting my room.

[SlmShdy1]

Originally Posted by HiDefRev

We'll be getting back over $8500 this year. I'm setting aside around $5000 of that for a complete overhaul of my system. I intend on getting the new Panasonic TC-P54VT25 3D plasma, one of the new Onkyo HDMI 1.4 receivers, and a Magnepan 7.1 speaker system. I will be one happy little boy !!!

I'm right behind you on that TV, although I don't know which size to go for yet (I wish they would announce the pricing). I won't be using my taxes to pay for it, though. My taxes are going towards my girl's car. That's first and foremost. Then I get a new TV. I got more back in taxes this year than I expected. I guess it's because I had 6 W-2's and a 1099G to claim.

Have they already announced the Onkyo receivers with the HDMI 1.4 spec?

[obiwopkenobi62]

I did my TurboTax again this year and e-filed. Wife and I are getting about 3,200.00 back which will use on bills. We usually pay the car insurance, our Tricare and a couple of other bills for the whole year and have some left for us. This year I'm just about to the point where my only bills are the house and utilities and the 2 cars.
Oh I also am putting some aside for Celebration V in August.

[pokefan]

We messed up part of our taxes and will be getting a little more now.

Now the plan is:
New TV Stand - (ordered yesterday)
Elite VSX-01TXH
HTPC - (Acer AspireRevo)

After I sale my STR-DH700 I should have about $2-300 left for movies!

[laie_techie]

How did it feel giving the government an interest-free loan?

Last year I lost my job, so I got a single paycheck for the 2 weeks I worked in the pay period, 2 week severance package, and 2 weeks of unused paid time off. This check was taxed as if I earned that amount every two weeks. I'm getting back a nice chunk (nowhere near the $11k mentioned earlier), but I would have preferred the cash to pay rent and buy food.

Alas, my refund is already spent resurrecting my home network.

[kmccleave]

Let me know if this doesn't sound right.

I don't make a whole lot of money, between $40-$50k. I claim 1 dependant and this year I somehow owe about $900 even with the Schedule M.

I've never owed money before. In 2007 and 2008, I've got just about the same amount back, while only making a few thousand less than I did in 2009.

I was expecting maybe $300 or so back, and me owing this much blew my mind. I don't want to waste money by going to H&R Block only for them to tell me what I already know.

Is there anything that could be wrong with my calculations?

[SeanMF]

Well given tax refund and scholarship refunds I will have bought:

Vienna Accoustic Mozard Grand or Baby Grand in piano white speakers (pair)
Cary 120s-1 Tube amp
Arcam Preamp with HT bypass

[ChadFL]

My refund was 6 dollars. I'm single and don't own my own house so my taxes are simple and I make sure not to overpay during the year. Most people I know badly overpay on their taxes each paycheck and think they are getting some government handout when they get a big tax return. What they fail to realize is that all they did is give the government an interest free loan by overpaying throughout the year.

[My_Two_Cents]

Originally Posted by kmccleave

Let me know if this doesn't sound right.

I don't make a whole lot of money, between $40-$50k. I claim 1 dependant and this year I somehow owe about $900 even with the Schedule M.

I've never owed money before. In 2007 and 2008, I've got just about the same amount back, while only making a few thousand less than I did in 2009.

I was expecting maybe $300 or so back, and me owing this much blew my mind. I don't want to waste money by going to H&R Block only for them to tell me what I already know.

Is there anything that could be wrong with my calculations?

What is your filing status? If Head of Household, the tax rates jump from 15% to 25% at $45,500.

http://taxes.about.com/b/2008/10/21/...-announced.htm

[BLindsay]

While my tax return wasnt quite as fun as some of yours, i managed to pick up my 54" G10 with it

[Dase]

$8100. Most all goes will go to paying off a couple bills, savings, and some home improvement stuff. I should get about $500 to play with though .