tax return time

[DrPizza]

woohoo! An extra semester's tuition to write-off.
Hopefully we're gonna have a huge return this year. 🙂

(I know... it's an interest free loan)
But, it's always great getting money back.
Several 1000, hopefully...

Anyone else expecting a large return?

 

[DnetMHZ]

maybe $1500 or so

 

[Zysoclaplem]

Should get over $400 back this year. Not much, but it's $400 more than what I have now.

 

[DrPizza]

Almost forgot: donated my Pathfinder to charity.. get to deduct the value of that as well.
Receipt says almost 4k value... it wasn't worth that much, so I'll only deduct what I think I could have sold it for.

 

[cerebusPu]

waiting for my w2 to show up.

i dont think i can deduct much this year. my tax return has been close to zero for the last two years. thats too bad, i would love seeing some extra money at the end of the year.

 

[MrChad]

Originally posted by: cerebusPu
waiting for my w2 to show up.

i dont think i can deduct much this year. my tax return has been close to zero for the last two years. thats too bad, i would love seeing some extra money at the end of the year.

Actually that's good. The money's better off in your pocket for the year than the government's.

 

[DrPizza]

well, cerebus, ideally, you want the return to be around 0 each year.
That means you didn't loan the gov't any money at no interest.

I look at it as a forced savings plan.
On a 5 k return, the average $ I'd have had in a bank is 2500 over the course of the year... 2.5% interest on that means I missed out on about $125 in interest.

 

[rickn]

I never do my taxes by april. I got two extensions in 2004 and didn't do them til October

 

[MrChad]

Originally posted by: rickn
I never do my taxes by april. I got two extensions in 2004 and didn't do them til October

Procrastinate much?

 

[Viper GTS]

I'm scared to find out how much I'll owe.

I cashed out a 401k without any withholdings, plus worked two jobs for a while.

I'll be doing good to break even.

Viper GTS

 

[IHateMyJob2004]

Originally posted by: DrPizza
woohoo! An extra semester's tuition to write-off.
Hopefully we're gonna have a huge return this year. 🙂

(I know... it's an interest free loan)
But, it's always great getting money back.
Several 1000, hopefully...

Anyone else expecting a large return?

Fo' shizzle!

I had ababy in November... cha ching
I paid my Januaray AND February mortgage payments in 2004!

I sure hope so. not toaly sure how my short term capital gains and dividends will impact my return though.

 

[rickn]

Originally posted by: MrChad

Originally posted by: rickn
I never do my taxes by april. I got two extensions in 2004 and didn't do them til October

Procrastinate much?

with taxes I do. I just hate sitting 2 to 3 hours while the tax man, and no I don't go to H&R block, I go to a REAL professional, has to go over every receipt with me. I just hate sitting thru it, and I'm also lazy about finding reciepts too.

 

[DrPizza]

Originally posted by: IHateMyJob2004

Originally posted by: DrPizza
woohoo! An extra semester's tuition to write-off.
Hopefully we're gonna have a huge return this year. 🙂

(I know... it's an interest free loan)
But, it's always great getting money back.
Several 1000, hopefully...

Anyone else expecting a large return?

Fo' shizzle!

I had ababy in November... cha ching
I paid my Januaray AND February mortgage payments in 2004!

I sure hope so. not toaly sure how my short term capital gains and dividends will impact my return though.

I'm expecting to be able to pay my mortgage payments for 1 year with my return 🙂