What do you usually do with your tax rebate?

[highland145]

My wife and I usually have to pay in, we have not gotten a tax rebate worth mentioning in years.




If you work a minimum wage job, and have a bunch of kids, you can get a rebate.

Neither sounds very appealing to me.

The last significant refund was for energy efficiency credits.

 

[MotF Bane]

I always end up owing a couple hundred.

 

[IndyColtsFan]

Save it or pay bills.

 

[Bateluer]

Either pay off/down outstanding debts, or piss it away on toys.

 

[Deeko]

I usually owe.

 

[FoBoT]

about half/half of pay bills/debt and make major purchase, such as large appliances, bed, car down payment, etc

 

[Elganja]

I refuse to give the government an interest free loan, so I adjust my # of withholding's appropriately...

this year I will owe just under 200 bucks... nearly spot on (as close as I can be without being under)

 

[lokiju]

Wife and I always pay off a big thing usually and then use any left over to add to savings or smaller things to pay off.

Paid off wife's car in '07 with the refund. Paid off living room furniture loan another year. Now it just goes towards paying down our 1 car loan or savings account or the little bit that remains on the only credit card with a balance on it.

I'm hoping this year if we do get anything back that it'll be enough to finally pay off the last bit of the one credit card with a balance we have that we've been paying off for a few years now. We had consolidated all our debts into one 0% interest AmEx back in 2007/2008 time frame that at the time totaled something like $25k. Last I checked, we owe about $1,500 on it. So close compared to what we started off with. But it was a good move to consolidate all our debts to 0% interest. Has allowed us to make real progress on the debt over the last few years.

Once that card is gone and the car loan is paid off in hopefully a years time, we'll be debt free except for the mortgage.

 

[Harrod]

Peter Gibbons: Besides two chicks at the same time?
Lawrence: Well, yeah.
Peter Gibbons: Nothing.
Lawrence: Nothing, huh?
Peter Gibbons: I would relax... I would sit on my ass all day... I would do nothing.
Lawrence: Well, you don't need a million dollars to do nothing, man. Take a look at my cousin: he's broke, don't do shit.

 

[nickbits]

I got a nice refund last year (MFJ FTW!) and that is the only time I've ever received one. This year looks like I'll owe about 1000. Hopefully I'll get my withholding right this year and owe about $500.

 

[IronWing]

I'm investing in a new startup - wicker stationary.

 

[Rage187]

Yearly we payoff the bestbuy credit card and whatever else little credit cards bills we accumulated.

 

[Gothgar]

What's a "tax rebate?"

 

[Phoenix86]

 

[LookBehindYou]

I'll save most of it. I'll use some to buy a new dishwasher to replace the shitty one that the builders put in a few years ago. Hate that damn thing.

 

[D1gger]

I use it to make my current year's RRSP contribution. If there is anything left after that it is time for a new toy.

 

[waggy]

I usually get a few grand and get myself something! this year i really don't need anything so i will probably pay for a few months of my daughters gymnastics and some karate gear for my son.

 

[Griffinhart]

I try to balance my taxes so I get as little back as possible, or owe a little. In reality, any "rebates" (it's not really a rebate) are nothing more than a repayment of an interest free loan I made to the government that year. I find throwing that extra cash into a savings account to be a more effective use of my money.

 

[Fingolfin269]

Usually end up with ~$1k and just throw it into savings. May actually spec out and order a Malibal/Sager notebook this year instead.

 

[GotIssues]

Bills or savings. Don't really need anything or want anything.

 

[Away]

The small amount I get back goes into savings.

 

[amdhunter]

paying off debt.

 

[coloumb]

I use to spend it on technology upgrades [computers, tv, etc] - however, thanks to the "financial depression" it's going to be used to pay property taxes and other debt.

 

[Locut0s]

getting $2118 this year

How com so much? Low income or returns for financial savings instruments you purchased?

 

[mugs]

Never get one. This year our tax situation finally stopped changing enough that I felt confident in increasing my withholdings to avoid owing again, but then I sold a bunch of stocks I had been holding for a couple of years, so long term capital gains will probably make me owe again.