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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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How much are you getting back?
If you are.
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Posted 2/29/08 2:00 PM  |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name:
Chrissy
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Re: How much are you getting back?
getting back for what?
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| Posted 2/29/08 2:02 PM |
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LIMOMx2
...
Member since 5/05 24989 total posts
Name:
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Re: How much are you getting back?
more then the poll
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| Posted 2/29/08 2:04 PM |
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lucyloo
nope
Member since 1/06 9758 total posts
Name:
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Re: How much are you getting back?
We owe 
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| Posted 2/29/08 2:05 PM |
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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Re: How much are you getting back?
For taxes??? NOTHING.
We'll probably end up OWING $10k or more
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| Posted 2/29/08 2:05 PM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: How much are you getting back?
We didn't get them back from our accountant yet, but we average each year about $6-8K.
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| Posted 2/29/08 2:10 PM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: How much are you getting back?
Posted by 5ofClubs
more then the poll
same here.
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| Posted 2/29/08 2:12 PM |
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LisaW
Time for me to FLY!
Member since 5/05 13199 total posts
Name:
Did I ever tell you that I hate people?
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Re: How much are you getting back?
ours don't get done until next month, but hopefully more than the poll 
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| Posted 2/29/08 2:13 PM |
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MrsPJB2007
MBA at your service!
Member since 7/06 12020 total posts
Name:
MJ
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Re: How much are you getting back?
Posted by 5ofClubs
more then the poll
ditto
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| Posted 2/29/08 2:13 PM |
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TheWhiteRabbit
Thru the rabbit hole!
Member since 7/06 4412 total posts
Name:
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Re: How much are you getting back?
There was a broader poll on this last week
http://www.lifamilies.com/chat/topic.aspx?ID=257025
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| Posted 2/29/08 2:16 PM |
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MST9106
My life:)
Member since 6/06 9589 total posts
Name:
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Re: How much are you getting back?
Waaaaaay more than on the poll...
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| Posted 2/29/08 2:19 PM |
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ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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Re: How much are you getting back?
Posted by MrsPJB2007
Posted by 5ofClubs
more then the poll
ditto
Us too. DH gets too much taken out of his paycheck each week so we get a good amount back.
He gets mad that I don't contribute too much towards the return but, I tell him that I use better cash management and receive my money throughout the year.
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| Posted 2/29/08 2:19 PM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: How much are you getting back?
Definately more then the poll  DH & I were quite pleased
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| Posted 2/29/08 2:22 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: How much are you getting back?
not much- I adjusted my with holdings
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| Posted 2/29/08 2:27 PM |
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Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
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Re: How much are you getting back?
I am 
If you get too much money back then you are giving the gov't your money throughout the year for free.
with rising food and gas costs, wouldn't you want that money in your weekly paycheck?
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| Posted 2/29/08 2:27 PM |
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SweetCin
My green-eyed boy
Member since 5/05 13499 total posts
Name:
Cin
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Re: How much are you getting back?
More than the poll thanks to our property tax, home improvements & baby this year
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| Posted 2/29/08 2:29 PM |
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GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name:
Shawn
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Re: How much are you getting back?
Posted by Sassyz75
I am
If you get too much money back then you are giving the gov't your money throughout the year for free.
with rising food and gas costs, wouldn't you want that money in your weekly paycheck?
Technically, yes, you would ideally want $0 for your return. However, most people see it as "extra" money, and use the refund as sort of a short-term savings account. An extra $100 a week you don't notice, but an extra $5000 at the end of the year is a big chunk of money.
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| Posted 2/29/08 2:30 PM |
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ml110
LIF Adult
Member since 1/06 5435 total posts
Name:
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Re: How much are you getting back?
Posted by Sassyz75
I am
If you get too much money back then you are giving the gov't your money throughout the year for free.
with rising food and gas costs, wouldn't you want that money in your weekly paycheck?
i was just gonna say the same thing! if you are gettnig a big refund, it means that you had money taken out of your paycheck that the government was earning interest on all year!
i'd rather have that extra money in my ING account all year earning interest for ME
lol or i could just be jealous because DH and i end up oweing every year...
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| Posted 2/29/08 2:30 PM |
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MetsGirl07
LIF O2 Vendor
Member since 12/07 16202 total posts
Name:
Deanna
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Re: How much are you getting back?
more than the poll... DH had a lot of write offs this year
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| Posted 2/29/08 2:31 PM |
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MrsPJB2007
MBA at your service!
Member since 7/06 12020 total posts
Name:
MJ
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Re: How much are you getting back?
Posted by GoldenRod
Posted by Sassyz75
I am
If you get too much money back then you are giving the gov't your money throughout the year for free.
with rising food and gas costs, wouldn't you want that money in your weekly paycheck?
Technically, yes, you would ideally want $0 for your return. However, most people see it as "extra" money, and use the refund as sort of a short-term savings account. An extra $100 a week you don't notice, but an extra $5000 at the end of the year is a big chunk of money.
i find this to be true among many of my clients---they claim zero all year cause they KNOW they are not good with saving it and that they will ultimately wind up spending the money and its easier to take the chunk and put it into a savings account at once.
for some -- its the only way they save cause of poor money mangement skills
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| Posted 2/29/08 2:32 PM |
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MrsRbk
<3 <3 <3 <3
Member since 1/06 19197 total posts
Name:
Michelle
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Re: How much are you getting back?
Unfortunately we always owe a disgusting amount
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| Posted 2/29/08 2:32 PM |
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LisaW
Time for me to FLY!
Member since 5/05 13199 total posts
Name:
Did I ever tell you that I hate people?
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Re: How much are you getting back?
Posted by Sassyz75
I am
If you get too much money back then you are giving the gov't your money throughout the year for free.
with rising food and gas costs, wouldn't you want that money in your weekly paycheck?
I have always had more taken out to cover dividends I receive that get taxed at the end of the year...
and, we have a ton of out of pocket medical expenses (like 20-30k worth)...plus, now that we bought a house....
I'm not a saver and I'd rather get money back than owe
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| Posted 2/29/08 2:34 PM |
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MsMBV
:P
Member since 5/05 28602 total posts
Name:
Me
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Re: How much are you getting back?
Dh works on commission and the scale of deductions can change depending on how much he makes per check & then per month, year, etc.
We have gotten schtupped in the past when his payroll person did not take out the right amount and we ended up owing 5 figures the year we got married. 
I never want to owe again & would rather take out too much than not enough.
ETA: plus we have a lot of deductions from our house, medical bills, and his supplies for work.
Message edited 2/29/2008 2:36:49 PM.
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| Posted 2/29/08 2:36 PM |
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MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
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Re: How much are you getting back?
We owe.
I just changed my withholdings for 2008. I am so tired of owing....
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| Posted 2/29/08 2:37 PM |
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bomb-blast
bye bye
Member since 11/06 1327 total posts
Name:
Leo
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Re: How much are you getting back?
Posted by Sassyz75
I am
If you get too much money back then you are giving the gov't your money throughout the year for free.
with rising food and gas costs, wouldn't you want that money in your weekly paycheck?
Not everyone's income and tax liability is so easy to predict. Yes, definitely no reason why W-2 people should be getting back that much money. That's a waste of one's own resources. But some people's taxes fluctuate so much each year, that either the govt requires them to pay in a certain amount (to avoid penalties later) or they pay in enough to be on the safe side. I know people who get back $100,000+ in taxes. Sometimes their income is too unpredictable, especially if they invest heavily in the stock market. They usually just apply the refund to the next year's taxes though.
Message edited 2/29/2008 2:43:09 PM.
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| Posted 2/29/08 2:41 PM |
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