POLL: Taxes - Did you Owe or were you Owed?

[Murpheeee]

Simple really.....did you get a check or did you write a check?

 

[jarfykk]

Owed $27 for Federal taxes. Received $28 from State return. Really need to buy a lottery ticket with that dollar.

 

[gistech1978]

the govt owed me money.
give it back! and they did

 

[StageLeft]

Got a good bit back federal, owed a small bit state.

 

[vi edit]

Got a pretty lofty amount back. Lowering my taxible income by over 1/3 via deductions is nice.

 

[ThaGrandCow]

Owed $800 from federal, $400 from state.
I love getting checks worth $1200

 

[notfred]

I got some money back from the federal government. I should really file my state return.

 

[vi edit]

Originally posted by: ThaGrandCow
Owed $800 from federal, $400 from state.
I love getting checks worth $1200

Getting more than double that is even better.

 

[Electric Amish]

I received over $6000 back last year. This year a little over $1000 total.

amish

 

[Yossarian]

I got $3700 back from federal, $1000 from state.

 

[Mill]

I owe the feds 1300 and the state 400.

 

[tk149]

How about an option for: "I got OWNED" :|

 

I got $74 back from the feds and had to pay Michigan $34. So I netted $44.

 

[Amused]

As usual, I was owned.

 

[Murpheeee]

I was owe the Fed $500, owe the state $8

 

[Parrotheader]

I owe the Feds ~$400. We haven't done the state yet, but we came out on the plus side there last year to the tune of a couple hundred dollars I think. Hopefully it'll be the same this year.

 

[Parrotheader]

Originally posted by: jumpr
I got $74 back from the feds and had to pay Michigan $34. So I netted $44.

That's damn near perfect. A lot of people seem to like the idea of getting this big check back once a year. Personally, I'd rather have that money in pocket over the course of the year so it can be earning interest and then hope we come out even (or oweing them very little) come tax time.

 

[CPA]

You people who go big refunds are suckers.


I will have to pay $4600-4800 and will gladly do so, rather than get it back.

 

[TheNinja]

Originally posted by: CPA
You people who go big refunds are suckers.


I will have to pay $4600-4800 and will gladly do so, rather than get it back.

Exactly, you people do realize that the money you are getting back is YOUR MONEY don't you? It's not like the government is giving you a bonus for being a good citizen. You could have invested it during the year (well maybe not this year ) and made some money. That being said I'd rather get like $100 back or something b/c you know you are right with your tax estimates, plus it is nice to get a little something back, and if you owe like $5000 usually you have already spent it. I (well my wife and I) owe Fed $800 and State owes me $100

Edited for clarification

 

[Shockwave]

You guys forget something. The little amount extra in your check to make sure you break even probably isnt enough to really notice. So, would you *really* invest it? Whereas, a nice fatty check is an excellent way to save up for soemthing. Say, a vacation. Or a new fence for the house. Or down payment for car. Its like a savings account you never see, and more importantly never have access to.

Dont get me wrong, I realize the Fed is makin interest money from YOUR money. But, alot of people wouldnt take the time to take out that extra money per paycheck and invest it and it would end up spent on little crap like dinner at the nice place.

 

[Dulanic]

They always owe me... I like getting the big check.. because I know there is no way I would have saved that money any other way.

 

[xirtam]

I'm supposed to get about $400 back... a little over I think. Combined federal and state.

 

[Parrotheader]

If you have a little discipline and you're good about taking your money and putting anything you don't spend (except a little to cover overdraft) into some other form of long-term savings (like we usually do) then having that money CAN make a difference, especially over the course of a year. It's nowhere near as useful the last couple years with the returns on most investments being non-existant, but that'll change. For a lot of people though it IS easier to just get a big lump check though since it's like a windfall.

 

[Shockwave]

Originally posted by: Parrotheader
If you have a little discipline and you're good about taking your money and putting anything you don't spend (except a little to cover overdraft) into some other form of long-term savings (like we usually do) then having that money CAN make a difference, especially over the course of a year. It's nowhere near as useful the last couple years with the returns on most investments being non-existant, but that'll change. For a lot of people though it IS easier to just get a big lump check though since it's like a windfall.

Like I said, I wont argue whats smarter. Cut it as close to 0 either way you can. But, as we agreed, for alot of people a nice fat check is a big help. House upgrade, vacation or whatever.

 

[Spamela]

i got pwned for $3800.