Comments on: I Finally Started Our Tax Return http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/ Our Journey to a Debt-Free Life Sun, 21 Mar 2010 12:23:03 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: chaser35898 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-874071 chaser35898 Mon, 17 Aug 2009 03:04:32 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-874071 I have 2 Chase credit cards and those SOB's have raised both interest rates one from 9% to 13.90 and just 1 month later, this month it's 15.30 and the part that really pisses me of is they take the payment out of our bank so it has never been late. The other card went from 13 to 26% but didn't get that one yet for this month to see if they raised it again. I would pay them off but don't have the money. Wish I could screw them like they are screwing us. Any idea's. Thanks for help I have 2 Chase credit cards and those SOB’s have raised both interest rates one from 9% to 13.90 and just 1 month later, this month it’s 15.30 and the part that really pisses me of is they take the payment out of our bank so it has never been late. The other card went from 13 to 26% but didn’t get that one yet for this month to see if they raised it again. I would pay them off but don’t have the money. Wish I could screw them like they are screwing us. Any idea’s. Thanks for help

]]> By: determinedsinglemom http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-402349 determinedsinglemom Mon, 25 Feb 2008 17:05:04 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-402349 I too finished my taxes last night and am getting a refund of $571! This will go directly to boosting my Emergency Fund. Although I would love to see a credit card balance drop by that much I know an Emergency Fund is a piece of the financial puzzle that I'm lacking and must be taken care of too. I feel very fortunate to live in a TX too at this time of year- we don't have a state income tax :-) I too finished my taxes last night and am getting a refund of $571! This will go directly to boosting my Emergency Fund. Although I would love to see a credit card balance drop by that much I know an Emergency Fund is a piece of the financial puzzle that I’m lacking and must be taken care of too. I feel very fortunate to live in a TX too at this time of year- we don’t have a state income tax :-)

]]> By: Prince of Thrift http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-398576 Prince of Thrift Sat, 23 Feb 2008 01:05:52 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-398576 I wish I could figure my taxes this early like I used to, but I won't have all my information for another month yet. I wish I could figure my taxes this early like I used to, but I won’t have all my information for another month yet.

]]> By: Sherri http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-396647 Sherri Thu, 21 Feb 2008 00:58:51 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-396647 This was the first year I got a state (CA) return too! It was small, something like $60, but it was nice not to owe! This was the first year I got a state (CA) return too! It was small, something like $60, but it was nice not to owe!

]]> By: Matt http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-396082 Matt Wed, 20 Feb 2008 18:43:22 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-396082 That's a nice little surprise - thanks for the reminder that I should start getting my Tax stuff organized (I'll probably owe the gov't money this year so I'm dragging my heels) That’s a nice little surprise – thanks for the reminder that I should start getting my Tax stuff organized (I’ll probably owe the gov’t money this year so I’m dragging my heels)

]]> By: Jiggypete http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-396070 Jiggypete Wed, 20 Feb 2008 18:35:35 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-396070 We will end up owing some this year due to my wife being self-employed, but the money has been sitting in our money market account earning us interest, so it won't be too bad. We had an adoption credit last year that carried over to this year, so that was a nice boost to cut our overall tax bill this year. Also, Todd- "Plus, it’s just another deduction next year… so it’s really “free”."-It is actually not free, since you can only deduct a certain percent of the actual cost. If it were a credit (i.e. dollar for dollar return) then it would be free. We will end up owing some this year due to my wife being self-employed, but the money has been sitting in our money market account earning us interest, so it won’t be too bad. We had an adoption credit last year that carried over to this year, so that was a nice boost to cut our overall tax bill this year.

Also, Todd-
“Plus, it’s just another deduction next year… so it’s really “free”.”-It is actually not free, since you can only deduct a certain percent of the actual cost. If it were a credit (i.e. dollar for dollar return) then it would be free.

]]> By: jesse http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-396046 jesse Wed, 20 Feb 2008 18:21:01 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-396046 I have been putting taxes off, and then I wrote an article saying not to put them off, so I made myself promise to do them this weekend, pretty much dreading it. Thank God for turbotax. To Todd above me: you realize you are just giving the government a 0% interest loan of $3000 for the year? (well accumulated over the year). If you took that extra out in an automatic withdrawl into another account, say a high interest savings account, you'd get an even BIGGER lump sum from yourself at the end of the year (if you wanted). ;) I have been putting taxes off, and then I wrote an article saying not to put them off, so I made myself promise to do them this weekend, pretty much dreading it. Thank God for turbotax. To Todd above me: you realize you are just giving the government a 0% interest loan of $3000 for the year? (well accumulated over the year). If you took that extra out in an automatic withdrawl into another account, say a high interest savings account, you’d get an even BIGGER lump sum from yourself at the end of the year (if you wanted). ;)

]]> By: Todd http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-395880 Todd Wed, 20 Feb 2008 16:09:56 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-395880 I have an accountant do my taxes... I hate doing them. Plus, it's just another deduction next year... so it's really "free". That and I have rental property losses, expenses, and blech...it's annoying to do. I'm one of those who over pays by $3,000/year on average. I could adjust my W2's, but I honestly like the big lump sum in February. This year it's funding a family vacation to Disney World in August. I have an accountant do my taxes… I hate doing them. Plus, it’s just another deduction next year… so it’s really “free”. That and I have rental property losses, expenses, and blech…it’s annoying to do.

I’m one of those who over pays by $3,000/year on average. I could adjust my W2’s, but I honestly like the big lump sum in February. This year it’s funding a family vacation to Disney World in August.

]]> By: SavingDiva http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-395850 SavingDiva Wed, 20 Feb 2008 15:46:57 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-395850 I'm a big fan of TurboTax. I use the online version. It found a few state deductions that I would have missed on my own. I’m a big fan of TurboTax. I use the online version. It found a few state deductions that I would have missed on my own.

]]> By: danielle http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-395804 danielle Wed, 20 Feb 2008 15:00:27 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-395804 I'm glad you are getting something back. I remember last year, you owed quite a bit, right? We got $1928 back and had $1150 in credit card debt. So we paid it off and then paid next month's rent. It felt really good, but I want to get it back down closer to zero. We figure, if we don't do anything this year, that "boost" in May (if it really happens, snort, snort) will put our next year's refund closer to what yours is. I’m glad you are getting something back. I remember last year, you owed quite a bit, right?
We got $1928 back and had $1150 in credit card debt. So we paid it off and then paid next month’s rent. It felt really good, but I want to get it back down closer to zero. We figure, if we don’t do anything this year, that “boost” in May (if it really happens, snort, snort) will put our next year’s refund closer to what yours is.

]]> By: Michelle http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-395681 Michelle Wed, 20 Feb 2008 13:18:47 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-395681 You can thank the tax cuts for that! Let's hope between the Democrats and Rep-ocrat running for office that they don't get increased next year!! You can thank the tax cuts for that! Let’s hope between the Democrats and Rep-ocrat running for office that they don’t get increased next year!!

]]> By: JW Thornhill http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/comment-page-1/#comment-395582 JW Thornhill Wed, 20 Feb 2008 11:49:10 +0000 http://www.bloggingawaydebt.com/2008/02/i-finally-started-our-tax-return/#comment-395582 I just calculated our taxes yesterday and had a similar result with our Michigan state taxes. Maybe its not just an anomaly. I just calculated our taxes yesterday and had a similar result with our Michigan state taxes. Maybe its not just an anomaly.

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