Rave: Getting my tax returns

[ThatGuy]

Mine was only $100 or so, but for a poor college student it's more like $1000.

What does your tax refund have to do with your grades?

Both are awesome?

[cardinalkarp]

Mine was only $100 or so, but for a poor college student it's more like $1000.

Did you only work like 20 hrs last year or something? I would think you should be getting everything back in taxes that you paid in.

[ThatGuy]

Mine was only $100 or so, but for a poor college student it's more like $1000.

Did you only work like 20 hrs last year or something? I would think you should be getting everything back in taxes that you paid in.

No, I worked all summer, but it was a bit of a screwy situation. I'm just happy to get money at all.

[Bo Hart]

This was my first year that I wasn't claimed as a dependent; because I was also in school and had $6,000 in tuition, I got a huge (relatively-speaking) return. I got $1,500 back (I netted like $12,000 on the year)!

[JackofDiamonds]

Big tax refunds are not a good thing...while they are obviously better than owing the government, you've done yourself a financial disservice any year that you receive a substantial check back. A tax refund is not a bonus check, it's your own money that you overpaid the government all year, without earning a penny of interest. Change your withholdings, put that money back in your pocket on a monthly basis, and save it yourself. The government doesn't need a 16 month, interest free loan from you.

Increase your withholdings, increase your monthly cash flow, increase your financial stability!


*speak with a tax advisor or CPA about the correct number of withholdings for your situation!

[Fat_Bulldog]

Big tax refunds are not a good thing...while they are obviously better than owing the government, you've done yourself a financial disservice any year that you receive a substantial check back. A tax refund is not a bonus check, it's your own money that you overpaid the government all year, without earning a penny of interest. Change your withholdings, put that money back in your pocket on a monthly basis, and save it yourself. The government doesn't need a 16 month, interest free loan from you.

Increase your withholdings, increase your monthly cash flow, increase your financial stability!


*speak with a tax advisor or CPA about the correct number of withholdings for your situation!

++

[cardinalkarp]

Big tax refunds are not a good thing...while they are obviously better than owing the government, you've done yourself a financial disservice any year that you receive a substantial check back. A tax refund is not a bonus check, it's your own money that you overpaid the government all year, without earning a penny of interest. Change your withholdings, put that money back in your pocket on a monthly basis, and save it yourself. The government doesn't need a 16 month, interest free loan from you.

Increase your withholdings, increase your monthly cash flow, increase your financial stability!


*speak with a tax advisor or CPA about the correct number of withholdings for your situation!

That's easy to say in theory but its much harder to work out so you really don't owe or get anything back.

Like I said, much of ours is due to write off's so it's not as bad as it would seem as far as just giving the goverment interest free money.

I'm not that great at saving money so paying more than I should is easier for me than getting that money in hand and saving it.

[JackofDiamonds]

Big tax refunds are not a good thing...while they are obviously better than owing the government, you've done yourself a financial disservice any year that you receive a substantial check back. A tax refund is not a bonus check, it's your own money that you overpaid the government all year, without earning a penny of interest. Change your withholdings, put that money back in your pocket on a monthly basis, and save it yourself. The government doesn't need a 16 month, interest free loan from you.

Increase your withholdings, increase your monthly cash flow, increase your financial stability!


*speak with a tax advisor or CPA about the correct number of withholdings for your situation!

That's easy to say in theory but its much harder to work out so you really don't owe or get anything back.

Like I said, much of ours is due to write off's so it's not as bad as it would seem as far as just giving the goverment interest free money.

I'm not that great at saving money so paying more than I should is easier for me than getting that money in hand and saving it.

It's my job to make it work out in practice. It's nearly impossible to hit $0 in any given year, but if you are within $700, you're doing well. Write-offs make it tougher, but if you use a professional, they should be recommending adjustments for you to maximize your cash flow. You can still "force" yourself to save it by having the increased value in your paycheck direct deposited into a high yield money market account.

[Dillagii]

Big tax refunds are not a good thing...while they are obviously better than owing the government, you've done yourself a financial disservice any year that you receive a substantial check back. A tax refund is not a bonus check, it's your own money that you overpaid the government all year, without earning a penny of interest. Change your withholdings, put that money back in your pocket on a monthly basis, and save it yourself. The government doesn't need a 16 month, interest free loan from you.

Increase your withholdings, increase your monthly cash flow, increase your financial stability!


*speak with a tax advisor or CPA about the correct number of withholdings for your situation!

++

Did you even understand what JoD just said?

[Fat_Bulldog]

Big tax refunds are not a good thing...while they are obviously better than owing the government, you've done yourself a financial disservice any year that you receive a substantial check back. A tax refund is not a bonus check, it's your own money that you overpaid the government all year, without earning a penny of interest. Change your withholdings, put that money back in your pocket on a monthly basis, and save it yourself. The government doesn't need a 16 month, interest free loan from you.

Increase your withholdings, increase your monthly cash flow, increase your financial stability!


*speak with a tax advisor or CPA about the correct number of withholdings for your situation!

++

Did you even understand what JoD just said?

Do you have a death wish?