I'd rather get more taken out and get more back with the refund.
Are you getting more than $1000 or less than back for taxes?
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 Spamster |
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Posts: 1256 (01/28/2009 12:12 PM) |
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Jewcie Jones |
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Posts: 2262 (01/28/2009 12:13 PM) |
JayneOC wrote:Uh no Jayne. You're wrong. 
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Karebear8 |
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Posts: 1084 (01/28/2009 12:16 PM) |
I'm getting more. But only slightly.
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JayneOC |
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Posts: 104528 (01/28/2009 12:19 PM) JC Fanatic '01 '02 '04 '06 |
Jewcie Jones wrote:Really? http://www.moneychimp.com/features/tax_brackets.htm |
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kellyilla |
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Posts: 20989 (01/28/2009 12:21 PM) |
More. |
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Jewcie Jones |
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Posts: 2263 (01/28/2009 12:24 PM) |
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Dan1113 |
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Posts: 1067 (01/28/2009 12:26 PM) |
I don't understand how anyone can get back 1000 dollars back in taxes, or anything close to that number (under normal circumstances).
Much better to have the right amount removed each month and set some aside in a high-yielding fund or savings account than to give the govt a pretty much free loan for a few months... |
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SparklyBlonde |
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Posts: 26691 (01/28/2009 12:26 PM) |
Jayne, you missed the sarcasm in this post.
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JayneOC |
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Posts: 104530 (01/28/2009 12:39 PM) JC Fanatic '01 '02 '04 '06 |
SparklyBlonde wrote:I didn't know!!! I have to catch up! Dang. 
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SparklyBlonde |
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Posts: 26693 (01/28/2009 12:40 PM) |
JayneOC wrote: It's hard to keep up around here.
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Jewcie Jones |
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Posts: 2268 (01/28/2009 12:42 PM) |
It may be hard to keep up but I'll certainly never forget that people on JJB claim to be getting 10-20K tax refunds. Especially if they make 6 figures. I
didn't know such a world existed.
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Spamster |
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Posts: 1258 (01/28/2009 12:43 PM) |
I'm getting about six thousand back, as I said in the other post.
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Kerlin48 |
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Posts: 281 (01/28/2009 12:48 PM) |
Spamster wrote:  That doesn't make any financial sense. Why on earth would you want to give the government an interest free loan? Instead of having
more withheld in taxes, figure out what you should have withheld to not have to pay/get a small refund and have the difference direct deposited into a savings
account where your money will actually MAKE money.
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LisaChasez |
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Posts: 104139 (01/28/2009 12:49 PM) JC Fanatic '03
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Kerlin48 wrote:lmao. Everyone knows this. But people don't have the discipline to do it. They like getting the refunds. and with the rates saving accounts are getting, it's not even worth the trouble these days. |
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JayneOC |
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Posts: 104531 (01/28/2009 12:50 PM) JC Fanatic '01 '02 '04 '06 |
I don't get the concept that I'm somehow doing something wrong if I get a refund.
I'm single. I claim 1 dependent on my taxes. I get money back. This year more than usual because I'm claiming my niece. So how am I not being taxed correctly? |
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nsyncflgirl2 |
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Posts: 17964 (01/28/2009 12:50 PM) |
I'm getting $996 back from federal lol.
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IdDoJC100Ways |
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Posts: 25284 (01/28/2009 12:59 PM) |
JayneOC wrote:I don't think you're doing anything wrong. I prefer getting money back as opposed to paying that's for sure. Last year we had a massive refund though and I just felt like we screwed up but things changed so much that I'm glad I didn't make an adjustment. Last year we got nearly $6K back. My husband withholds at single zero and I withheld at single one. We didn't change it and it turned out that was a good thing. Our income increase and the loss of our child tax credit is giving me only a $500 refund with the same withholdings. |
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Kerlin48 |
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Posts: 282 (01/28/2009 1:08 PM) |
JayneOC wrote: You're not doing anything wrong if you get a refund. No one wants to pay. You're doing something not financially savvy though if your refund is consistently year after year in the thousands of dollars or more. Your withholding choice is correct if you are single and have no dependents. However, since you are claiming your niece this year, you technically could have claimed 2 dependents (yourself and your niece). But since being able to claim your niece is a new occurrence and may or may not be a permanent one, not a big deal to keep claiming 1. |
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JayneOC |
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Posts: 104533 (01/28/2009 1:14 PM) JC Fanatic '01 '02 '04 '06 |
IdDoJC100Ways wrote:Okay. I see what you mean. I do know people who claim 0 on their taxes JUST to get more money back. |
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JayneOC |
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Posts: 104534 (01/28/2009 1:15 PM) JC Fanatic '01 '02 '04 '06 |
Kerlin48 wrote:Exactly right.
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