Ahhh, Tax Season

MylesKnight · 02-06-2003, 10:37 AM

The Refund Check is in the account today. A big thanks to my two young sons for their efforts in making this day possible.

I'd also like to thank the United States Government for their "mail in rebate offer" reimbursement for all of the diapers, formula and baby food that I've purchased over the course of the past year.

Many thanks!!

Alf · 02-06-2003, 10:40 AM

Just received my tax mail today => I am going to pay knowing that I will get a refund at the end of the year. Administrations...

Ksyrup · 02-06-2003, 10:44 AM

I just did my taxes last night. I've tried my best to eliminate as many exemptions as it appears I can on my W-4, but I keep getting bigger and bigger refund checks. I'd much rather have that money during the year. I just filed and I'm supposed to be getting $3,750 back! That's over $300 a month that I could have used to pay off credit cards that interest has been acrruing on for the past 12 months.

I don'twant to get a professional involved to help me (read: I don't want to pay a professional to help me), but maybe I should.

MylesKnight · 02-06-2003, 10:46 AM

Actually I felt the exact same way when I figured out what my '02 Refund would be.

Time to get someone from my company's HR Dept. on the phone to be some exemption shuffling..

Bee · 02-06-2003, 10:50 AM

I hate people that get money back.

McSweeny · 02-06-2003, 10:52 AM

mmmm i'm getting $400 back

cthomer5000 · 02-06-2003, 10:53 AM

after new york and new jersey worked me over and stole most of my federal return, ill get a net return of 80 bucks. big f-in deal.

Ksyrup · 02-06-2003, 10:56 AM

Florida has no income tax. I got to itemize deductions thanks to paying way too much mortgage interest (although that's changed since I refinanced at the end of last year), property taxes, student loan interest, etc. And I have a child. All of that brings my taxable income down like 20 grand.

MylesKnight · 02-06-2003, 10:58 AM

I actually just happened to luck out this past year. I definitely don't expect much, if any, of a refund in the future..

Ksyrup, just another reason why the Sunshine State is such a nice place to be... No State Income Taxes!!

stkelly52 · 02-06-2003, 11:04 AM

Taxes? what are taxes? (I love that $70,000 overseas earned income exemption)

Craptacular · 02-06-2003, 11:05 AM

I did a quick first run through our taxes (still have a few minor inputs left). After doing my stuff first, it estimated a refund of over $2K. After putting my wife's stuff in, it changed to owing $400.

I need some more deductions ... anyone wanna "lend" me some kids?

MylesKnight · 02-06-2003, 11:08 AM

Hey C-tac, did you try the Jointly vs. Seperately calculations? Made a heckuva difference in my case.

McSweeny · 02-06-2003, 11:09 AM

hey i'm not too busy, if you don't mind taking me in and feeding and clothing and providing me shelter and of course buying me lots of beer. 19 does qualify as a kid right?

Craptacular · 02-06-2003, 11:09 AM

Yes, it's better jointly.

MylesKnight · 02-06-2003, 11:11 AM

"...and of course buying me lots of beer. 19 does qualify as a kid right?"

Hey now, you shouldn't be doing that at 19.. Get your ass to the library and do some kind of researchor something if you need to get some time off your hands..

MylesKnight · 02-06-2003, 11:14 AM

Hmm, for whatever reason, Mrs. MK and I were more successful going the filing married-seperate route.. Gosh, I don't like seeing Mr. & Mrs. MK and the word seperate in the same sentence.. Scary!!

It's all about Karma!!

McSweeny · 02-06-2003, 11:21 AM

hahaha! do they server beer at this "library" that you speak of?

Craptacular · 02-06-2003, 11:21 AM

MK,

Well, they changed the tax laws to make it better to file jointly most of the time, but it still can work out the other way. I also believe that once you file jointly, you MUST file jointly from then on (I may be incorrect about that). This is our first year married, so I haven't had to worry about it yet. I'll check it both ways again when I put the rest of the info into Taxcut.

MylesKnight · 02-06-2003, 11:25 AM

Interesting.. I wasn't aware that once you filed jointly you could not file seperately again..

Strangely enough, my wife and I have been better off filing Married but seperate for each of the past few years.. Actually I don't believe we've ever filed jointly..

I must be that 1 out of 10,000 exception when it comes to that. If only I could be so lucky when it comes to the lottery.

GrantDawg · 02-06-2003, 11:32 AM

A new change in minister's tax laws nets me a big refund this year. It should get even better next year when my new little tax deduction is born.

GrantDawg · 02-06-2003, 11:33 AM

P.S. I don't want to get into an abortion debate, but a friend of mine made a great point. More people would be pro-life if they could take a deduction for yet to be born children.

henry296 · 02-06-2003, 11:38 AM

I am almost done, but have not received a statement from my bank with the interest paid on my HELOC. That is the last piece of my puzzle. And yes, with my house, I have a very nice refund that will let me play CM4 in all its glory.

Todd

Qwikshot · 02-06-2003, 11:41 AM

Mine are done, I'm just waiting on what I get back...

wbonnell · 02-06-2003, 01:04 PM

Seems like no matter what I do, I always get a refund. This year I even worked part-time(20 hours per week) as a consultant for a high hourly rate for several months, and I'm *still* getting a few grand back. I own a house, my wife stays home, and I have 2 children. Do I need to claim *7* deductions???

JeeberD · 02-06-2003, 01:11 PM

Texas doesn't have a state income tax either, which is very nice. Going to get a few hundred back, which will be very nice. Now I might be able to get my tired balanced and rotated on my car. Been putting that off for too damn long.

wbonnell · 02-06-2003, 01:15 PM

Quote:

Originally posted by JeeberD
Texas doesn't have a state income tax either, which is very nice. Going to get a few hundred back, which will be very nice. Now I might be able to get my tired balanced and rotated on my car. Been putting that off for too damn long.

they just jack up the real estate tax :-)

Samdari · 02-06-2003, 01:28 PM

Quote:

Originally posted by Craptacular
Yes, it's better jointly.

You mean taxes here, right?

Airhog · 02-06-2003, 01:30 PM

Im getting about 700 back total state and federal. Yah for low income brackets

CamEdwards · 02-06-2003, 05:55 PM

I'm having to pay about 500, which sucks ass. Next year should be better... I hate having to pay.

Tasan · 02-06-2003, 06:51 PM

Ahhh....our little tax writeoff gets on the 1040 this year. Great job kid! Our best refund yet!

Ksyrup · 02-06-2003, 07:48 PM

Quote:

Originally posted by wbonnell
they just jack up the real estate tax :-)

No joke. My parents and brother live out there. The real estate taxes are ridiculous. Not only do I have lower taxes here, but for some reason, they aren't in a hurry to update the appraisal value. I've had my house appraised twice (including once when I bought it brand new), and it's still set at the orginal value they gave it before the house was even built. I'm not even sure how they did it that way, but they did. It's now appraised at $35K more, but they don't care. So my taxes stay low.

bbor · 02-06-2003, 08:13 PM

People still pay taxes??

wbonnell · 02-06-2003, 09:33 PM

Quote:

Originally posted by Ksyrup
No joke. My parents and brother live out there. The real estate taxes are ridiculous. Not only do I have lower taxes here, but for some reason, they aren't in a hurry to update the appraisal value. I've had my house appraised twice (including once when I bought it brand new), and it's still set at the orginal value they gave it before the house was even built. I'm not even sure how they did it that way, but they did. It's now appraised at $35K more, but they don't care. So my taxes stay low.

I pay something like 2.5% of appraised value!

Craptacular · 02-07-2003, 08:52 AM

Quote:

Originally posted by wbonnell
I pay something like 2.5% of appraised value!

We just paid our first property tax bill, and I believe the rate was 24.9 mil (2.49%). The village actually seems to assess pretty close to market value too. Of course, some dumbasses want to secede from the current school district (which is one of the best in the state by the way) and form a new one. They estimated the rate would go up to 2.65% or something along those lines if it passed. Luckily, I think the proposal is dying.

02-06-2003, 10:40 AM	#2
Alf Pro Starter Join Date: Jan 2001 Location: Rennes, France	Just received my tax mail today => I am going to pay knowing that I will get a refund at the end of the year. Administrations... __________________ FOFL - GML - IHOF - FranceStats

02-06-2003, 10:44 AM	#3
Ksyrup This guy has posted so much, his fingers are about to fall off. Join Date: Nov 2000 Location: In Absentia	I just did my taxes last night. I've tried my best to eliminate as many exemptions as it appears I can on my W-4, but I keep getting bigger and bigger refund checks. I'd much rather have that money during the year. I just filed and I'm supposed to be getting $3,750 back! That's over $300 a month that I could have used to pay off credit cards that interest has been acrruing on for the past 12 months. I don'twant to get a professional involved to help me (read: I don't want to pay a professional to help me), but maybe I should. __________________ M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete."

02-06-2003, 10:46 AM	#4
MylesKnight College Benchwarmer Join Date: Feb 2002 Location: Neptune Beach, Florida	Actually I felt the exact same way when I figured out what my '02 Refund would be. Time to get someone from my company's HR Dept. on the phone to be some exemption shuffling.. __________________ IT'S ALL ABOUT THE BLACK & GOLD!!

02-06-2003, 10:56 AM	#8
Ksyrup This guy has posted so much, his fingers are about to fall off. Join Date: Nov 2000 Location: In Absentia	Florida has no income tax. I got to itemize deductions thanks to paying way too much mortgage interest (although that's changed since I refinanced at the end of last year), property taxes, student loan interest, etc. And I have a child. All of that brings my taxable income down like 20 grand. __________________ M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete."

02-06-2003, 10:58 AM	#9
MylesKnight College Benchwarmer Join Date: Feb 2002 Location: Neptune Beach, Florida	I actually just happened to luck out this past year. I definitely don't expect much, if any, of a refund in the future.. Ksyrup, just another reason why the Sunshine State is such a nice place to be... No State Income Taxes!! __________________ IT'S ALL ABOUT THE BLACK & GOLD!! Last edited by MylesKnight : 02-06-2003 at 10:59 AM.

02-06-2003, 10:50 AM	#5
Bee Pro Starter Join Date: Oct 2000 Location: Fairfax, VA	I hate people that get money back.

02-06-2003, 10:52 AM	#6
McSweeny College Starter Join Date: Dec 2001 Location: Somerville, MA	mmmm i'm getting $400 back

02-06-2003, 11:04 AM	#10
stkelly52 College Benchwarmer Join Date: Dec 2000 Location: Seattle WA	Taxes? what are taxes? (I love that $70,000 overseas earned income exemption) __________________ Check out an undrafted free agent's attempt to make the Hall of Fame: Running to the Hall Now nominated for a Golden Scribe!

02-06-2003, 11:05 AM	#11
Craptacular College Starter Join Date: Oct 2001 Location: The Mad City, WI	I did a quick first run through our taxes (still have a few minor inputs left). After doing my stuff first, it estimated a refund of over $2K. After putting my wife's stuff in, it changed to owing $400. I need some more deductions ... anyone wanna "lend" me some kids? Last edited by Craptacular : 02-06-2003 at 11:06 AM.

02-06-2003, 11:08 AM	#12
MylesKnight College Benchwarmer Join Date: Feb 2002 Location: Neptune Beach, Florida	Hey C-tac, did you try the Jointly vs. Seperately calculations? Made a heckuva difference in my case. __________________ IT'S ALL ABOUT THE BLACK & GOLD!! Last edited by MylesKnight : 02-06-2003 at 11:08 AM.

02-06-2003, 11:09 AM	#13
McSweeny College Starter Join Date: Dec 2001 Location: Somerville, MA	hey i'm not too busy, if you don't mind taking me in and feeding and clothing and providing me shelter and of course buying me lots of beer. 19 does qualify as a kid right?

02-06-2003, 11:11 AM	#15
MylesKnight College Benchwarmer Join Date: Feb 2002 Location: Neptune Beach, Florida	"...and of course buying me lots of beer. 19 does qualify as a kid right?" Hey now, you shouldn't be doing that at 19.. Get your ass to the library and do some kind of researchor something if you need to get some time off your hands.. __________________ IT'S ALL ABOUT THE BLACK & GOLD!! Last edited by MylesKnight : 02-06-2003 at 11:13 AM.

02-06-2003, 11:14 AM	#16
MylesKnight College Benchwarmer Join Date: Feb 2002 Location: Neptune Beach, Florida	Hmm, for whatever reason, Mrs. MK and I were more successful going the filing married-seperate route.. Gosh, I don't like seeing Mr. & Mrs. MK and the word seperate in the same sentence.. Scary!! It's all about Karma!! __________________ IT'S ALL ABOUT THE BLACK & GOLD!! Last edited by MylesKnight : 02-06-2003 at 11:15 AM.

02-06-2003, 11:21 AM	#17
McSweeny College Starter Join Date: Dec 2001 Location: Somerville, MA	hahaha! do they server beer at this "library" that you speak of?

02-06-2003, 11:25 AM	#19
MylesKnight College Benchwarmer Join Date: Feb 2002 Location: Neptune Beach, Florida	Interesting.. I wasn't aware that once you filed jointly you could not file seperately again.. Strangely enough, my wife and I have been better off filing Married but seperate for each of the past few years.. Actually I don't believe we've ever filed jointly.. I must be that 1 out of 10,000 exception when it comes to that. If only I could be so lucky when it comes to the lottery. __________________ IT'S ALL ABOUT THE BLACK & GOLD!!

02-06-2003, 11:32 AM	#20
GrantDawg World Champion Mis-speller Join Date: Nov 2000 Location: Covington, Ga.	A new change in minister's tax laws nets me a big refund this year. It should get even better next year when my new little tax deduction is born.

02-06-2003, 11:33 AM	#21
GrantDawg World Champion Mis-speller Join Date: Nov 2000 Location: Covington, Ga.	P.S. I don't want to get into an abortion debate, but a friend of mine made a great point. More people would be pro-life if they could take a deduction for yet to be born children.

02-06-2003, 11:38 AM	#22
henry296 College Starter Join Date: Oct 2000 Location: Pittsburgh, PA	I am almost done, but have not received a statement from my bank with the interest paid on my HELOC. That is the last piece of my puzzle. And yes, with my house, I have a very nice refund that will let me play CM4 in all its glory. Todd __________________ "It's a great day for hockey" - "Badger" Bob Johnson Last edited by henry296 : 02-06-2003 at 11:39 AM.

02-06-2003, 11:41 AM	#23
Qwikshot Pro Starter Join Date: Feb 2002 Location: ...down the gravity well	Mine are done, I'm just waiting on what I get back... __________________ "General Woundwort's body was never found. It could be that he still lives his fierce life somewhere else, but from that day on, mother rabbits would tell their kittens that if they did not do as they were told, the General would get them. Such was Woundwort's monument, and perhaps it would not have displeased him." Watership Down, Richard Adams

02-06-2003, 01:04 PM	#24
wbonnell College Prospect Join Date: Oct 2000 Location: Round Rock TX	Seems like no matter what I do, I always get a refund. This year I even worked part-time(20 hours per week) as a consultant for a high hourly rate for several months, and I'm still getting a few grand back. I own a house, my wife stays home, and I have 2 children. Do I need to claim 7 deductions???

02-06-2003, 01:11 PM	#25
JeeberD General Manager Join Date: Nov 2002 Location: The Town of Flower Mound	Texas doesn't have a state income tax either, which is very nice. Going to get a few hundred back, which will be very nice. Now I might be able to get my tired balanced and rotated on my car. Been putting that off for too damn long. __________________ UTEP Miners!!! I solemnly swear to never cheer for TO

02-06-2003, 01:30 PM	#28
Airhog Captain Obvious Join Date: Aug 2001 Location: Norman, Oklahoma	Im getting about 700 back total state and federal. Yah for low income brackets __________________ Thread Killer extraordinaire Yay! its football season once again!

02-06-2003, 05:55 PM	#29
CamEdwards Stadium Announcer Join Date: Mar 2002 Location: Burke, VA	I'm having to pay about 500, which sucks ass. Next year should be better... I hate having to pay. __________________ I don't want the world. I just want your half.

02-06-2003, 06:51 PM	#30
Tasan College Starter Join Date: Feb 2001 Location: Houston, or there about	Ahhh....our little tax writeoff gets on the 1040 this year. Great job kid! Our best refund yet! __________________ 2011 Golden Scribes winner for best Interactive Dynasty

02-06-2003, 08:13 PM	#32
bbor Pro Starter Join Date: May 2001 Location: toronto	People still pay taxes?? __________________ Pumpy Tudors Now that I've cracked and made that admission, I wonder if I'm only a couple of steps away from wanting to tongue-kiss Jaromir Jagr and give Bobby Clarke a blowjob.

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