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#902559 - 02/11/08 12:25 PM Taxes - do you owe or not?
DeeQ Offline
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Do you owe taxes or do you get $$ back?
single choice (61 Total Votes:)
Yes, I owe - 10 (16%)
No, I will get a refund - 50 (82%)
I pay taxes???? - 1 (2%)
Voting on this poll ends: 02/29/08 12:25 PM
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#902560 - 02/11/08 12:29 PM Re: Taxes - do you owe or not? DeeQ
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I did my taxes last night...I'm getting a decent refund, but that's because I use it like a savings account; I don't list any dependents.
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#902562 - 02/11/08 12:47 PM Re: Taxes - do you owe or not? FBH
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We owe, but not nearly as much as we did last year. Thank goodness.
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#902576 - 02/11/08 01:38 PM Re: Taxes - do you owe or not? Skittles
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Getting a large return on Federal and I owe the State $4.

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#902577 - 02/11/08 01:44 PM Re: Taxes - do you owe or not? Comp Guy No More
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I e-filed and already got mine. It was pretty decent...

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#902581 - 02/11/08 01:51 PM Re: Taxes - do you owe or not? Sheldon Hendrix
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Same here...took only a week to get both Fed and State back.
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#902589 - 02/11/08 02:02 PM Re: Taxes - do you owe or not? TINKerBell
#Just Jay Offline
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Owe a small amount to each, less than $130 total, by design.
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#902593 - 02/11/08 02:05 PM Re: Taxes - do you owe or not? #Just Jay
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I forgot all about my taxes! I need to take care of that! I always e-file and have the refunds (small as they usually are) direct deposited to my account.
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#902599 - 02/11/08 02:11 PM Re: Taxes - do you owe or not? waldensouth
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e-filing is pretty awesome! I did mine last night. I bought a house Saturday and wanted to make sure I have cash on hand for settlement.
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#902600 - 02/11/08 02:12 PM Re: Taxes - do you owe or not? waldensouth
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Already got my federal refund. One week after I filed it was deposited into my account.

I can never find a free state e-file and I refuse to pay anything when all I need to do is copy all of the information over the state forms. I mailed the state forms in the old fashioned way...we'll see how long that takes
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#902601 - 02/11/08 02:15 PM Re: Taxes - do you owe or not? A_G
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Try this site taxact.com. I was using H & R blocks online filing and paying $40 for both federal and state. A friend put me on to this site where I pay half that for federal and state.
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#902604 - 02/11/08 02:28 PM Re: Taxes - do you owe or not? waldensouth
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I e-filed and received both state and federal returns within a week.
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#902605 - 02/11/08 02:29 PM Re: Taxes - do you owe or not? waldensouth
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I used H&R Block free file for Fed. They wanted $30 for the state. That's a joke, considering the state forms tell me which lines to take the numbers from on the federal forms so that they can be properly transferred...

Mine are fairly simple, so I don't have anything else affected by the state.
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#902619 - 02/11/08 02:50 PM Re: Taxes - do you owe or not? A_G
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I'll get a small refund from State and owe the Fed less than what that is. And :grumble: :grumble: AG. I know exactly what you mean. I should have gone paper for State.
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#902678 - 02/11/08 04:17 PM Re: Taxes - do you owe or not? Bacon Boy
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Refund all the way around.
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#902682 - 02/11/08 04:20 PM Re: Taxes - do you owe or not? A_G
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Originally Posted By: AuditGuy
I used H&R Block free file for Fed. They wanted $30 for the state. That's a joke, considering the state forms tell me which lines to take the numbers from on the federal forms so that they can be properly transferred...

Mine are fairly simple, so I don't have anything else affected by the state.


If you live in the State of Ohio, you can ifile using the state's website, and don't need to pay for that service at all!

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#902686 - 02/11/08 04:23 PM Re: Taxes - do you owe or not? B_F
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Originally Posted By: Bengalsfan
Originally Posted By: AuditGuy
I used H&R Block free file for Fed. They wanted $30 for the state. That's a joke, considering the state forms tell me which lines to take the numbers from on the federal forms so that they can be properly transferred...

Mine are fairly simple, so I don't have anything else affected by the state.


If you live in the State of Ohio, you can ifile using the state's website, and don't need to pay for that service at all!

presumably one of the few consolations for living in the state of Ohio
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#902689 - 02/11/08 04:24 PM Re: Taxes - do you owe or not? B_F
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I know many states are like that. You think they would encourage people to e-file by not charging a fee, (especially those with relatively simple taxes) to speed up the process...

There are a few free files thru the state, but the income and age restrictions are ridiculous...
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#902691 - 02/11/08 04:32 PM Re: Taxes - do you owe or not? A_G
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Someone is making money on transmitting those forms to the government as an intermediary - I doubt the gov't is seeing any of that money. I don't like paying the filing fee, but I like the speedy refund.

Plus, you can write off the preparation and filing fees.
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#902701 - 02/11/08 04:40 PM Re: Taxes - do you owe or not? FBH
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Owe the state of CA $9... But the good ol' US government is sending me back over $600! Woo!
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#902703 - 02/11/08 04:45 PM Re: Taxes - do you owe or not? Dip
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And someone explain this one to me. If you don't take the standard deduction and itemize your deductions any refunds are taxable the next year in NY?

So they are taxing you on money that if really yours and you've overpaid to them...
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#902710 - 02/11/08 04:56 PM Re: Taxes - do you owe or not? A_G
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I ususally use Taxslayer to do my taxes. You can e-file fed & state for just $9.95. I haven't used it this year yet, but the fee has been the same for the last several years.

We claim 0 year round and have a lot to itemize, so we usually get back a very good refund each year.
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#902711 - 02/11/08 04:56 PM Re: Taxes - do you owe or not? A_G
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Still do my taxes by hand and mail-in paper forms. I had to complete a four-page worksheet to find out that I only got a $1,950 child tax credit instead of $2,000 for my two kids...what a bunch of @*%$^!

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#902717 - 02/11/08 05:03 PM Re: Taxes - do you owe or not? FBH
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Originally Posted By: Fightin BlueHen
I did my taxes last night...I'm getting a decent refund, but that's because I use it like a savings account; I don't list any dependents.


That's very odd, for a banker. Why not claim dependents and put the extra funds in a savings account during the fiscal year?

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#902719 - 02/11/08 05:04 PM Re: Taxes - do you owe or not? DeeQ
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I owe $20K, help!

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#902721 - 02/11/08 05:07 PM Re: Taxes - do you owe or not? X
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X, are you kidding?
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#902723 - 02/11/08 05:09 PM Re: Taxes - do you owe or not? X
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Originally Posted By: X
Originally Posted By: Fightin BlueHen
I did my taxes last night...I'm getting a decent refund, but that's because I use it like a savings account; I don't list any dependents.


That's very odd, for a banker. Why not claim dependents and put the extra funds in a savings account during the fiscal year?


Probably because I'm pretty odd for a banker...Good luck with that $20k.
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#902724 - 02/11/08 05:12 PM Re: Taxes - do you owe or not? FBH
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Wanna loan, X?

You wouldn't have to pay it if you didn't make it...
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#902731 - 02/11/08 05:20 PM Re: Taxes - do you owe or not? X
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Originally Posted By: X
I owe $20K, help!

thats what you get for not reporting all of that income you earned as Londo Mollari from Babylon 5 at comic conn...
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#902739 - 02/11/08 05:33 PM Re: Taxes - do you owe or not? Bacon Boy
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Originally Posted By: BaconBoy
X, are you kidding?


No, please donate.

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#902741 - 02/11/08 05:35 PM Re: Taxes - do you owe or not? FBH
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Originally Posted By: Fightin BlueHen
Originally Posted By: X
Originally Posted By: Fightin BlueHen
I did my taxes last night...I'm getting a decent refund, but that's because I use it like a savings account; I don't list any dependents.


That's very odd, for a banker. Why not claim dependents and put the extra funds in a savings account during the fiscal year?


Probably because I'm pretty odd for a banker...Good luck with that $20k.


That's what I thought, too. I just love it when my suspicions are confirmed.

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#902743 - 02/11/08 05:39 PM Re: Taxes - do you owe or not? DeeQ
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Originally Posted By: Devil Queen
Wanna loan, X?

You wouldn't have to pay it if you didn't make it...


No loan, I've got the funds to pay - unlike the hen, I save during the year to pay at tax time, versus giving money the the government and getting some back with no interest. Actually, those that owe a reasonable amount are the smart ones with those that get a refund, well - they are not the smart ones.

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#902746 - 02/11/08 05:42 PM Re: Taxes - do you owe or not? X
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X'ie called me smart!!!!


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#902750 - 02/11/08 05:49 PM Re: Taxes - do you owe or not? X
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Originally Posted By: X
Originally Posted By: Devil Queen
Wanna loan, X?

You wouldn't have to pay it if you didn't make it...


No loan, I've got the funds to pay - unlike the hen, I save during the year to pay at tax time, versus giving money the the government and getting some back with no interest. Actually, those that owe a reasonable amount are the smart ones with those that get a refund, well - they are not the smart ones.


I just know I'd spend it if I got it in little increments every month. Since I already have 401(k), ESPP, and some other investments, my refund is usually for travel. I get it all at once, plan a few vacations, and have fun. I don't know how smart it is, but today, it works for me.
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#902763 - 02/11/08 06:03 PM Re: Taxes - do you owe or not? FBH
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Originally Posted By: Fightin BlueHen
... but today, it works for me.


That is all that matters.
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#902764 - 02/11/08 06:04 PM Re: Taxes - do you owe or not? FBH
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Me, too, Hen. I contribute mightily to my 401K, have a Roth and a traditional IRA, a savings account, and some mutual and stock funds. I use my refund ($3,000 this year) for vacation --- this year I'm taking 2 vacations ---- to Florida and an Alaskan cruise.
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#902770 - 02/11/08 06:12 PM Re: Taxes - do you owe or not? X
rainman Online
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Quote:
owe a reasonable amount


they already took more than a reasonable amount! anything else that I owe now is very unreasonable!
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#902803 - 02/11/08 06:55 PM Re: Taxes - do you owe or not? FBH
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Originally Posted By: Fightin BlueHen
Originally Posted By: X
Originally Posted By: Devil Queen
Wanna loan, X?

You wouldn't have to pay it if you didn't make it...


No loan, I've got the funds to pay - unlike the hen, I save during the year to pay at tax time, versus giving money the the government and getting some back with no interest. Actually, those that owe a reasonable amount are the smart ones with those that get a refund, well - they are not the smart ones.


I just know I'd spend it if I got it in little increments every month. Since I already have 401(k), ESPP, and some other investments, my refund is usually for travel. I get it all at once, plan a few vacations, and have fun. I don't know how smart it is, but today, it works for me.


So, you lack discipline when it comes to saving for vacations, etc. right? No wonder the government keeps coming up with new programs, you require them due to your lack of discipline like so many others. Why on earth would you give funds to the government, interest free, if that is not the case?

On the other hand, perhaps you are being smart in that if Hillary or Obama get into office as POTUS they will need the extra funds for programs; you know a redistribute of wealth so its good that youve arranged to provide it up front. As for your vacations, they will be the first to go as others that are less fortunate will be going, not you, starting next year. Also, you probably should go with Single and an extra $200 per pay period to assure that sufficient funds are available for government programs in 2009 and beyond.

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#902808 - 02/11/08 06:58 PM Re: Taxes - do you owe or not? Pepper's Sister
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Originally Posted By: Pepper's Sister
Me, too, Hen. I contribute mightily to my 401K, have a Roth and a traditional IRA, a savings account, and some mutual and stock funds. I use my refund ($3,000 this year) for vacation --- this year I'm taking 2 vacations ---- to Florida and an Alaskan cruise.


Enjoy those vacations, Sister, it's the last year for stuff like that - kiss your refunds goodbye when Hillary or Obama take over, but as you sit at home, think of all the stuff that the poor and lame will be able to purchase, plus vacations and health insurance in your name - but as always, it's better to give than receive!

Hopefully, you will be able to afford the travel channel.

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#902813 - 02/11/08 07:06 PM Re: Taxes - do you owe or not? rainman
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Originally Posted By: rainman
Quote:
owe a reasonable amount


they already took more than a reasonable amount! anything else that I owe now is very unreasonable!


Now, that's a very bad attitude, rainman. PM your address and I'll put you in contact with Hillary or Obama people - exactly what about "it takes a village" don't you understand?

You need to get with the redistribution of wealth money train program! Oh, it will stop at your house, but only to load up, no deliveries, no refunds as it appears that you've been way too personally responsible. Tone it down and perhaps there will be government program in your future.

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#902818 - 02/11/08 07:13 PM Re: Taxes - do you owe or not? X
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Normally, I am writing a small check to Uncle, and getting that amount back (roughly) from the State. This year, however, with moving expenses and relocation payments that were grossed up for federal purposes, we are getting a subtantial refund.

Good thing, because my sump pump went out last week, and I am now paying through the nose to install new equipment and dry my basement.
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#902821 - 02/11/08 07:21 PM Re: Taxes - do you owe or not? X
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Curled up by the fire...
I'm getting a refund from Federal but I have to pay in on State. That bites
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#902851 - 02/11/08 08:06 PM Re: Taxes - do you owe or not? Mrs. Rizzo
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We anticipate a small Fed refund (we don't like to lend our money to Uncle Sam) and since we live in Texas- no State filing required.

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