What's your estimated federal refund?

[SarcasticDwarf]

Originally posted by: magomago
wait i get ALL of what i paid in taxes back? does that make sense....i've made MAYBE 5K doing an internship, and they've taken about ~1200$ in taxes give or take a hundred dollars...

and filling that out - it said i should get that 1200 back

does that make sense? Yeah i'm a student, and i added "300 dollars" for college books in the tuition section - but its more like 600 USD, but I don't know if that is allowed to be counted as an expense...

if i get back 1200 that'll make me happy That is like 2 months of rent and 3 months of utilities!

Sounds about right. It is not what you paid in taxes, it is what is withheld. Certain things are NOT paid back (SS for one IIRC). There's basically a number (somewhere between 8-9k) where you don't pay taxes up to that amount.

 

[bsobel]

Last year I got back about 150k, I don't think this year I'll be that lucky! Right now I think I owe about 35k (est payment Jan 1), then should be pretty even. So, I guess 0

 

[spidey07]

Originally posted by: SarcasticDwarf
Sounds about right. It is not what you paid in taxes, it is what is withheld. Certain things are NOT paid back (SS for one IIRC). There's basically a number (somewhere between 8-9k) where you don't pay taxes up to that amount.

Plus above like 95K you don't pay social security!!!

 

[bsobel]

Plus above like 95K you don't pay social security!!!

Wrong, just means you've ALREADY paid it

 

[Britboy]

It thinks we owe $19,000 WTF! Thats impossible. Those dumb fvcks can't even figure out their own taxes. I'll stick with turbotax.

 

[spidey07]

Originally posted by: bsobel

Plus above like 95K you don't pay social security!!!

Wrong, just means you've ALREADY paid it

heh, true. thanks for the correction.

My refund looks to be around 400 bucks. Which is around where I want it to be. I ain't giving the gubment no interest free loan. That's like taking 500 bucks of interest and burning it every year.

 

[Dr. Detroit]

Owe $1,700 :frown:

 

[bsobel]

My refund looks to be around 400 bucks. Which is around where I want it to be. I ain't giving the gubment no interest free loan. That's like taking 500 bucks of interest and burning it every year.

Think how I felt last year (then again, I got into one of the weird cases where you simply couldn't avoid it and had to loan them the money)

 

[Dirigible]

Says I'll owe $288. That shouldn't be far off - I tried to be careful with my exemptions calculation so that I would have about the exact right amount of tax withheld.

 

[jupiter57]

Figuring straight out, it shows around $2900. BUT, we have nearly $60,000 in medical expenses, so that should bump it up a notch! (I wonder if you can get backmore than you paid in? )
(I have $100 week extra deducted from FIT from back in the days when I farmed a lot, that means I pay in considerably more than I really should. Need to change that, though, since I plan on having no more income sources much from now on out.)

 

[Exterous]

Refund = $35,270
I think I did something wrong

Edit: Opps, those extra zeros will get you every time
Refund = $4000

 

[fallenangel99]

~$750.

 

[fisheerman]

man they still owe me a grand from last year that got screwed up.

 

[slsmnaz]

Says I'll get $2042 back.

 

[MichaelD]

Owe $350, estimated. That's about double what I was expecting. Oh well, I was expecting to owe, so it's not a big surprise.

I claim two exemptions all year long so my monthly paycheck is bigger. I'd rather have the extra money than give someone an interest-free loan. :thumbsup:

 

[j00fek]

how do i owe 400 when they took 2100

 

[MichaelD]

Originally posted by: j00fek
how do i owe 400 when they took 2100

You didn't pay enough. Neither did I. Want to join my Pity Party? :brokenheart:

 

[fisheerman]

Originally posted by: j00fek
how do i owe 400 when they took 2100

$2100:shocked: try $23000 and still owe........jeez

 

[SirChadwick]

$5,849

 

[JohnAn2112]

About $900. I think I need to re-do my W-4 for 07 so I get more on my paychecks.

 

[Gunslinger08]

Originally posted by: fisheerman

Originally posted by: j00fek
how do i owe 400 when they took 2100

$2100:shocked: try $23000 and still owe........jeez

My brother had to write a check for $55k in April a few years ago.

 

[thirtythree]

652.

 

[fallenangel99]

Heh, last year I had to pay over 6k in taxes because me being an idiot didn't realize that (for 12 paystubs!) that I wasn't getting income tax taken out.

 

[mcvickj]

No idea. I don't have my W-2 yet.