how do you people get so much back in taxes?

[themommyvan 10+ year member]

I got 11k back last year and 8k this year. My wife works for H&R Block and 90% of new clients from other tax places get more back from her.

 

[mrwigglezdj 10+ year member]

im self employed and dont pay a dime all year long, but at the end of the year i write off my cell phone,part of my house (empty room for home office along with power and water) i write off my system in my van as an advertisment expense , mileage, travel to shows and show fees, tools, materals day care for my daughter, file head of house hold. i ended up geting 1456 back this year and like i said i didnt pay anything thruout the year. this year im going to give 100 a month so ill hope to get 2600 next year or a little more

 

[MikeofTulsa Moderator]

yea, this next year i'll be writing a bunch of stuff off for business purposes

 

[NMBR1SPT 10+ year member]

kids
we are getting almost 7k back this year between the 2 of us

ME "TWO"...lol whoot for the kids, who says it doesn't pay to have kids...LOL

 

[MikeofTulsa Moderator]

ME "TWO"...lol whoot for the kids, who says it doesn't pay to have kids...LOL

yea, im getting about 5k and she's getting about 2

 

[bigbangtheory 5,000+ posts]

I am getting back over 6g's this year just myself. First child and I get to claim her as my fiance claims her two. I actually got back more than her this year, which is strange. She is getting 5800. I didn't even get 1000 back last year, lol! Still nice to have almost 12g's to work with.

Next year will be a bummer though, cause I will be married and she will claim head of household and well she will get a lot more back than me. //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

 

[LBC99 10+ year member]

My wife and I got a little over 2K last year. Having a house is expensive in Cali, but you can deduct a lot for it ... property taxes, interest paid on your mortgage. I also deduct interest paid on my student loan.

 

[mattf 5,000+ posts]

I am getting back over 6g's this year just myself. First child and I get to claim her as my fiance claims her two. I actually got back more than her this year, which is strange. She is getting 5800. I didn't even get 1000 back last year, lol! Still nice to have almost 12g's to work with.
Next year will be a bummer though, cause I will be married and she will claim head of household and well she will get a lot more back than me. //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

If you are married it shouldn't matter that she is getting back more than you.

 

[SilverSquared 10+ year member]

RECIPTS, vehicle mileage and expenses. Other things as well.

Drive 100 miles a day to and from work? Yep! Write it off! Worked AWESOME for me. Almost 80% increase.

 

[moo_awn 10+ year member]

Why would you want a large refund? You're letting the government overcharge you every week. Then they hold that money, without giving you a dime in interest, until time to file your taxes. Whereupon the burden of proof is upon you to prove the amount you overpaid. The amount of your refund could of been invested throughout the year earning you money. Ideally you should try to adjust your witholding to come out even. If you have extra money in your paycheck every week I'd be happy to hold on to it for you

 

[iagrdshaka 5,000+ posts]

Why would you want a large refund? You're letting the government overcharge you every week. Then they hold that money, without giving you a dime in interest, until time to file your taxes. Whereupon the burden of proof is upon you to prove the amount you overpaid. The amount of your refund could of been invested throughout the year earning you money. Ideally you should try to adjust your witholding to come out even. If you have extra money in your paycheck every week I'd be happy to hold on to it for you

//content.invisioncic.com/y282845/emoticons/word.gif.64b12e39f936af3b4fff38a1c0bd0244.gif

Smart investors usually pay in at the end of the year.

 

[bigbangtheory 5,000+ posts]

Yes, I would much rather pay in then recieve. My logic baffles even myself.

 

[bigbangtheory 5,000+ posts]

If you are married it shouldn't matter that she is getting back more than you.

Oh it matters alright. Trust me it matters.

 

[vehementSPL 10+ year member]

Be a irresponsible POS and not use condoms and keep having kids and expect the working class and government take care of you and your kids.....

 

[FeS RoY 10+ year member]

im a supervisor/accountant for a Building Contractor, 1099 FTL