Did you turbo tax yet.I got a bigger refund this year

fbm211
fbm211 Posts: 1,488
edited January 2010 in The Clubhouse
An extra 400 bucks to be exact. I hope it wasnt a srewup.I got some sort of pays to work credit. Anyone else get this??

:D:D:D:D:D:D:D:D:D:D:D
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  • Pauly
    Pauly Posts: 4,519
    edited January 2010
    Yes

    Cant wait to blow it all on stupid electronics.....


    Pauly
    Life without music would♭
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  • ryanjoachim
    ryanjoachim Posts: 2,046
    edited January 2010
    Yeah, the wife just did our taxes in TurboTax. We were hoping to get close to the ~$6k we got last year but no dice...we ended up with a measley $8k!

    I guess kids are good for something after all!
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  • Slinger182
    Slinger182 Posts: 512
    edited January 2010
    Got a new job and made 4k more than I did last year so mine went down $400 :mad:
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  • Knucklehead
    Knucklehead Posts: 3,602
    edited January 2010
    Havent finished yet but its lookin so so right now....:(
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  • Sherardp
    Sherardp Posts: 8,038
    edited January 2010
    Zero tax return, then again I don't pay taxes. Whooo HOOO!!!
    Shoot the jumper.....................BALLIN.............!!!!!

    Home Theater Pics in the Showcase :cool:

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  • Jetmaker737
    Jetmaker737 Posts: 1,045
    edited January 2010
    Less than last year, but still a decent chunk o' change.
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  • Rivrrat
    Rivrrat Posts: 2,101
    edited January 2010
    What's a refund? :mad:

    My wife got laid off Jan 3rd, so if she doesn't go back to work we might get one next year.
    My equipment sig felt inadequate and deleted itself.
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  • KG Audio
    KG Audio Posts: 79
    edited January 2010
    fyi...

    turbo tax & hr block = bose

    cpa's = polk

    just saying...

    KG, CPA
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  • Pauly
    Pauly Posts: 4,519
    edited January 2010
    KG Audio wrote: »
    fyi...

    turbo tax & hr block = bose

    cpa's = polk

    just saying...

    KG, CPA

    Errrr Uhhhh

    Sure Thing

    Pauly
    Life without music would♭
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  • Jetmaker737
    Jetmaker737 Posts: 1,045
    edited January 2010
    KG Audio wrote: »
    fyi...

    turbo tax & hr block = bose

    cpa's = polk

    just saying...

    KG, CPA

    Might be interesting to run the taxes on TT then with a CPA to see if it's worth it. My tax situation isn't that complex so I kind of doubt it.
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  • cstmar01
    cstmar01 Posts: 4,424
    edited January 2010
    hmm hoping I get a decent return again, I was still a student last year so that helps, but we'll find out.
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  • zeppage2
    zeppage2 Posts: 196
    edited January 2010
    Ugh, for the first time, i owe CA state tax; approximately the price of the mythical Outlaw 997 :(
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  • del44
    del44 Posts: 686
    edited January 2010
    Looks like I'll be paying about 2k. Last year my paycheck went up about $25 a week. Looks like uncle Sam wants it all back. I wish the gov. would have asked me before taking less tax from my paychecks. Knowing that I'd have to pay it back.:mad: Oh well, It's just money
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  • tcrossma
    tcrossma Posts: 1,301
    edited January 2010
    KG Audio wrote: »
    fyi...

    turbo tax & hr block = bose

    cpa's = polk

    just saying...

    KG, CPA

    I agree with you on H&R Block, but on tax software? Sorry, but you're reaching. There are situations where a CPA is needed for personal tax work but that's the exception instead of the rule these days. If that discomforts you, get yourself into small businesses or non-profits, both of which still benefit from a good accountant.
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  • Polkersince85
    Polkersince85 Posts: 2,883
    edited January 2010
    You guys getting a big refund need to adjust your withholding. Screw letting the Gubment keep it for 14 months. Get some discipline and put it in a credit union account weekly or a 401K. Just saying.
    >
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  • BaggedLancer
    BaggedLancer Posts: 6,371
    edited January 2010
    I got laid off, made less than last year, getting less in return because I've been collecting unemployment and need to pay taxes on it, and I'm getting fined because I live in the awesome state of Massachusetts and have no health care.
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  • KG Audio
    KG Audio Posts: 79
    edited January 2010
    tcrossma wrote: »
    I agree with you on H&R Block, but on tax software? Sorry, but you're reaching. There are situations where a CPA is needed for personal tax work but that's the exception instead of the rule these days. If that discomforts you, get yourself into small businesses or non-profits, both of which still benefit from a good accountant.

    yeah, my post was just an accountants attempt at humor...

    I do corporate tax work (big $$$) but you are right about most individuals being fine just using turbo tax.

    KG
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  • Osarion
    Osarion Posts: 181
    edited January 2010
    I just did a co-workers taxes for her. She paid in $187 in federal income tax and is getting back $5884!!!!!!!!! She has 2 kids and gets earned income, head of household and all that. It doesn't pay to be single with no kids that's for sure. Ok, I take that back. For ONE month a year it doesn't pay to not have kids lol.
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  • Tony M
    Tony M Posts: 11,141
    edited January 2010
    Osarion wrote: »
    I just did a co-workers taxes for her. She paid in $187 in federal income tax and is getting back $5884!!!!!!!!! She has 2 kids and gets earned income, head of household and all that. It doesn't pay to be single with no kids that's for sure. Ok, I take that back. For ONE month a year it doesn't pay to not have kids lol.

    The above is partly why we're in such a fix. I always only got back 300.00 and put in 3 to 5k every yr. for over 10 yrs at least. Yeah, no kids and not married. But when I got married I got back 100.00. this system is Fubar!
    Most people just listen to music and watch movies. I EXPERIENCE them.
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  • concealer404
    concealer404 Posts: 7,440
    edited January 2010
    fbm211 wrote: »
    An extra 400 bucks to be exact. I hope it wasnt a srewup.I got some sort of pays to work credit. Anyone else get this??

    :D:D:D:D:D:D:D:D:D:D:D

    A "pays to work credit?"

    What is this?
    I don't read the newsssspaperssss because dey aaaallllllllll...... have ugly print.

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  • BaggedLancer
    BaggedLancer Posts: 6,371
    edited January 2010
    concealer404 wrote: »
    A "pays to work credit?"

    What is this?

    The governments way of saying thank you for not losing your job and making us support you.

    I'm kidding, I have no idea. Never heard of it.
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  • concealer404
    concealer404 Posts: 7,440
    edited January 2010
    Looks like it's as simple as what they say. If your employer didn't already grant you $400 in spring, then you get a $400 tax credit. Interesting. New turbo?
    I don't read the newsssspaperssss because dey aaaallllllllll...... have ugly print.

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  • fbm211
    fbm211 Posts: 1,488
    edited January 2010
    Stimulus.I like the extra money but come on.What the hell are those democrats thinking.Didnt they give away enough money last year, not to mention all those rich execs getting even more free money as a BONUS.Spend, Spend, Spend.And Bailouts.
    Now if several million people got that extra 400.00 then thats quite a bit of money thay COULD have kept to cover a fraction of all that money they threw at the banks.
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  • concealer404
    concealer404 Posts: 7,440
    edited January 2010
    Wait.... fbm211, are you getting the $400 on your taxes? I'm filing now, and it's saying that it's going to be paid out in small amounts due to smaller employer witholding throughout 2010. What BS.
    I don't read the newsssspaperssss because dey aaaallllllllll...... have ugly print.

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  • nadams
    nadams Posts: 5,877
    edited January 2010
    TurboTax is estimating $700 for me. I haven't filed it yet.
    Ludicrous gibs!
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  • kn505
    kn505 Posts: 380
    edited January 2010
    I reviewed my tax situation a month ago using Turbotax and it said I need to pay an additional $60k between the Fed and State. I am not oppose to pay taxes, but I will pay my fair share only.

    That was not a bad enough news. The bad news is that my company was forced to merge with another company. My boss, the CEO, was terminated 3 weeks ago and 15% of the employees was let go yesterday. I was told to look for a new job because the company will TRY to keep me until the end of March so that I can complete all the required works.
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  • fbm211
    fbm211 Posts: 1,488
    edited January 2010
    concealer404 wrote: »
    Wait.... fbm211, are you getting the $400 on your taxes? I'm filing now, and it's saying that it's going to be paid out in small amounts due to smaller employer witholding throughout 2010. What BS.

    Yes..they added the whole 400.00 to what I was already getting.:D
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  • concealer404
    concealer404 Posts: 7,440
    edited January 2010
    fbm211 wrote: »
    Yes..they added the whole 400.00 to what I was already getting.:D

    You file yourself or no? Mine said that i got a $400 credit when i was filling it out using HRBlock, but the refund amount didn't go up from there. :confused:

    Maybe i'll run the info through turbotax just to see what's up.
    I don't read the newsssspaperssss because dey aaaallllllllll...... have ugly print.

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  • concealer404
    concealer404 Posts: 7,440
    edited January 2010
    Ok... after entering it all in TurboTax, turns out that even WITH the $400 credit this year, my return is bigger than last year by....... wait for it.....

    $2.00.

    Yes. WTF. I made all of $4k more.
    I don't read the newsssspaperssss because dey aaaallllllllll...... have ugly print.

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  • fbm211
    fbm211 Posts: 1,488
    edited January 2010
    My mother made more than 08 and got 400.00 less on her refund this year.Seems a lot of people are getting less of a refund this year.Check to see if your employer changed how much is deducted from your paychecks.
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