Its that awesome time of the year where we get some money back from uncle sam.



1. Do you do your own taxes or take them to an accountant?

2. How much do you think you'll get back this year or how much do you think you'll have to pay?

3. If you get a refund, what do you plan on doing with it?

 

Correction: tax return 2013





Mine always goes 80% or more to bills unfortunately.

 

i spent a big amount of last years return on parts that didn't need replacing due to misdiagnosis



i'm expecting around the same..more or less this year..and i go to a local chain specialist.

 

It's not awesome, it sucks big time. At least the banks pretend to be giving you interest when you let them hold your money. And that's for people who get returns. Those who don't, ask them how awesome tax time is.



I won't get started on how they get an interest free loan from you at gunpoint.

 

If you're getting a return from the IRS, you're doing it wrong.

Take the extra money each month and invest it. At the end of the year you have interest on that same amount that you'd otherwise hand them each pay period. It's money for nothing.

 

You can also get a "return" more than what you paid, by having a bunch of kids and being on a small salary. If such a person's taxes are set up to give a net zero at tax day, they still get thousands of dollars "back" because vote buying. There are some other things you can do to set up for a zero-payment tax year, but that's the biggest one I can think of.



It's also the source of the most fraud, if I recall correctly.

 

I have to pay quite a bit every year.

 

I just did ours today, getting back $101 federal, and $90 state. No kids; and we rent so no fun tax credits. We claim zero and they take out pretty close to the right amount so no complaints. I'm trying to get my husband to understand that getting a huge refund isn't the point of tax season....