So what did you get in income tax return?

[06goat 10+ year member]

Have a really good accountant.
EIC helps a little with having one child but not to much.

Im 19 bro no kids here. And my mom and sister are accountants ill have to ask them for some help

 

[mast240 10+ year member]

Im 19 bro no kids here. And my mom and sister are accountants ill have to ask them for some help

you're still a little young to be getting back like 9-10k... unless you have a phenominal job for your age.... but once you start getting into the higher tax brackets, there's alot you can do with your deductions and exemptions

 

[Flipx99 5,000+ posts]

For many people, getting a large return at the end of the year makes more sense as they do not have the ability to save money. While it's true they aren't earning any interest, with rates well below 1% (A few online savings accounts do slightly better), these people are looking at, what saving $100 - 150 over the course of the year? The cost of the interest free loan is rather inconsquential under many scenarios and I'd argue that people are actually better off, not worse off due to the forced savings. For many, it's the only savings they have.

Furthermore, for those with refundable credits, there is no way to get those throughout the year. Some take advantage of the Advanced Earned Income Credit to fix this, but still. There is a lot of value in this forced savings mechanism. Some of you act like every one out there is perfectly rational.

 

[Flipx99 5,000+ posts]

you're still a little young to be getting back like 9-10k... unless you have a phenominal job for your age.... but once you start getting into the higher tax brackets, there's alot you can do with your deductions and exemptions

Most of that only works if you have your own business.

You can get 19, make 100k and if you don't have a home, etc it's hard to lower your taxes. Donating to charity may lower your tax burden but you have less money. It is not a way to have more money unless you are somehow eligible for a credit or something after the donation.

 

[Sub Woofin 10+ year member]

1100 fed. 150 state. no dependents. i took out money from my 401k and didnt report it.

 

[05fronty 5,000+ posts]

don't know still waiting on my shit from my mortgage company to do my taxes

 

[thevic24 5,000+ posts]

$9850.....

 

[TheUnderFighter 10+ year member]

$8046 here baby!!!

You made more in your return... than I did for the full year.

 

[audiobaun 5,000+ posts]

don't know still waiting on my shit from my mortgage company to do my taxes

you can get it on line now, and print it out after logging in to account.How I retrieve mine.I dont have a clue yet as to my return.Made 74k this time around.single no kids.I figure its gonna be nasty man...//content.invisioncic.com/y282845/emoticons/furious.gif.fc81ca146dbff91fede3ed290dbc4f4c.gif

 

[kr15 5,000+ posts]

1580$..meh

 

[Imtjnotu 5,000+ posts]

i claim 0 so i usually get back money but i only make 30k a year for now

havent gotten my w2 yet but i dont think it should change from my last 2 years so 1300 bucks or so

 

[groundpound4200 5,000+ posts]

Should be an interesting year for me... I got a real job and bought a house. Only thing I've seen is a 1099 for CD interest though so no totals yet.

 

[pro-rabbit 5,000+ posts]

Most of that only works if you have your own business.
You can get 19, make 100k and if you don't have a home, etc it's hard to lower your taxes. Donating to charity may lower your tax burden but you have less money. It is not a way to have more money unless you are somehow eligible for a credit or something after the donation.

Best thing in the world!!! //content.invisioncic.com/y282845/emoticons/sneaky.gif.7189749b3a3f769e8815b47e8ae87f88.gif

 

[cyn 10+ year member]

$8046 here baby!!!

lucky you.... that won't even cover what I owe in taxes this year..

 

[MikeofTulsa Moderator]

9,300 federal

694 state.