Got my W2, Just did my taxes...

[gutharius]

Just did my taxes, took a whole 5 minutes (1040A) and I ended up owing $128.20. Which is better than last year, $155 then.

 

[BlueWeasel]

I just did mine today as well, and I'm getting back ~$470 on my federal taxes, but have to pay $27 for my state taxes.

 

[gutharius]

Texas = No state income tax here. Nice, but you would not want to raise your kids here, worst schools in the union. Probably because of the no state income tax.

 

[Nebor]

Not as much non-paycheck income this year, so it should be a tad easier on me. The last few years of writing out checks for over $10,000 to Uncle Sam was bringing me to tears.

 

[Nebor]

Originally posted by: gutharius
Texas = No state income tax here. Nice, but you would not want to raise your kids here, worst schools in the union. Probably because of the no state income tax.

Schools in wealthy areas are dramatically better than others. Thus our "robin hood" program.

 

[gutharius]

Originally posted by: Nebor
Not as much non-paycheck income this year, so it should be a tad easier on me. The last few years of writing out checks for over $10,000 to Uncle Sam was bringing me to tears.

Ouch! How about tucking that stuff away in an IRA to bring that down a bit?

 

[gutharius]

Originally posted by: Nebor

Originally posted by: gutharius
Texas = No state income tax here. Nice, but you would not want to raise your kids here, worst schools in the union. Probably because of the no state income tax.

Schools in wealthy areas are dramatically better than others. Thus our "robin hood" program.

Yeah but still being ranked in the bottom tier of the nation is not a good thing. Last time I heard we were 43rd. Or maybe I am thinking teacher pay. Hmm, not sure...

Edit: Meant 43rd not $43, still fuming over the $$$ signs leaving my bank account.

 

[Chaotic42]

I'll let you know when my jobs send me my W2s.

 

[Nebor]

Originally posted by: gutharius

Originally posted by: Nebor

Originally posted by: gutharius
Texas = No state income tax here. Nice, but you would not want to raise your kids here, worst schools in the union. Probably because of the no state income tax.

Schools in wealthy areas are dramatically better than others. Thus our "robin hood" program.

Yeah but still being ranked in the bottom tier of the nation is not a good thing. Last time I heard we were $43. Or maybe I am thinking teacher pay. Hmm, not sure...

Oh yeah, in general, the schools are terrible.

 

[codeyf]

Last year we got $3300 back, but it should be less this year, as I claimed 1 more exemption in '04 (eligible to claim 4, claimed 2 on '03, claimed 3 in '04). Mainly cuz, as much as I like the big return, I could use the little bit extra on the paycheck. I'm guessing in the $2000-2500 range for this years return.

 

[Miramonti]

I'll owe $500-1,000. Very awesome, considering I didn't pay a dime all year.

 

[imported_yetti]

Originally posted by: Chaotic42
I'll let you know when my jobs send me my W2s.

 

[EvilYoda]

No clue, since this'll be my first tiem filing taxes after having made a decent amount of $$$ while still attending school...I hear that since my parents still claim me as a dependant, that I shouldn't expect too much back. Just as long as I don't have to pay more, I guess.

 

[msparish]

Looks like my wife and I are getting around 5 bucks back federal and 150 state.

 

[gutharius]

Originally posted by: EvilYoda
No clue, since this'll be my first tiem filing taxes after having made a decent amount of $$$ while still attending school...I hear that since my parents still claim me as a dependant, that I shouldn't expect too much back. Just as long as I don't have to pay more, I guess.

Make sure you find out how much you spent on college expenses, it is a excellent deductable!

 

[allisolm]

Originally posted by: gutharius
Just did my taxes, took a whole 5 minutes (1040A) and I ended up owing $128.20. Which is better than last year, $155 then.

Anyone who can do their taxes in 5 minutes on a 1040A doesn't even know the meaning of the word. :brokenheart:

 

[stevent76]

I am getting back close to 6k this year. Going to pay off my wedding and my laser surgery

 

[OZEE]

Originally posted by: codeyf
Last year we got $3300 back, but it should be less this year, as I claimed 1 more exemption in '04 (eligible to claim 4, claimed 2 on '03, claimed 3 in '04). Mainly cuz, as much as I like the big return, I could use the little bit extra on the paycheck. I'm guessing in the $2000-2500 range for this years return.

Dude - your withholdings are all screwed up if you're that far off... You're giving the government an interest-free loan of 2-3k every year. You want a little extra in your paycheck - fix your withholdings so you come out nearly even at the end of the year!

 

[sonoma1993]

i made around $16,400 this year, if i get clamied by my mom, i owe the stupid federal goverment close to $170 but if i dont get claim i get like $300

 

[Rickten]

Originally posted by: OZEE

Originally posted by: codeyf
Last year we got $3300 back, but it should be less this year, as I claimed 1 more exemption in '04 (eligible to claim 4, claimed 2 on '03, claimed 3 in '04). Mainly cuz, as much as I like the big return, I could use the little bit extra on the paycheck. I'm guessing in the $2000-2500 range for this years return.

Dude - your withholdings are all screwed up if you're that far off... You're giving the government an interest-free loan of 2-3k every year. You want a little extra in your paycheck - fix your withholdings so you come out nearly even at the end of the year!

its better to get the big lump sum at the end of the year than 200 bucks extra every month that would probably just get blown on food or something. I love the interest free loan argument everyone uses. How much interest do you think you are missing out on. 40 bucks.

 

[Injury]

Originally posted by: Chaotic42
I'll let you know when my jobs send me my W2s.

Same here. I'm lucky to get mine by the end of February.

 

[CPA]

Originally posted by: gutharius
Texas = No state income tax here. Nice, but you would not want to raise your kids here, worst schools in the union. Probably because of the no state income tax.

Not only do you convoluted logic with taxes, but you know little of the Texas school system.

 

[CPA]

Originally posted by: Rickten

Originally posted by: OZEE

Originally posted by: codeyf
Last year we got $3300 back, but it should be less this year, as I claimed 1 more exemption in '04 (eligible to claim 4, claimed 2 on '03, claimed 3 in '04). Mainly cuz, as much as I like the big return, I could use the little bit extra on the paycheck. I'm guessing in the $2000-2500 range for this years return.

Dude - your withholdings are all screwed up if you're that far off... You're giving the government an interest-free loan of 2-3k every year. You want a little extra in your paycheck - fix your withholdings so you come out nearly even at the end of the year!

its better to get the big lump sum at the end of the year than 200 bucks extra every month that would probably just get blown on food or something. I love the interest free loan argument everyone uses. How much interest do you think you are missing out on. 40 bucks.

lol, another sucker pulled in by IRS propaganda.

 

[Tea Bag]

Originally posted by: Chaotic42
I'll let you know when my jobs send me my W2s.

 

[Insane3D]

Did mine on the 13th via telefile, and got my refund direct deposited on the 24th. Got a unexpected $820 back this year.

Oh, and living in NH, I have no state income or sales tax.