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Posts tagged with: tax refund

Our Minor Windfall


As you can see by our debt total at the left, our credit card debt now stands at $11,598. We received two payments that resulted in a $1,400 payment to our credit card. We received our tax refund, and my husband received some money for a piece of equipment that he sold.

I am so glad that we received our tax refund and the delay was not due to us having to pay some money last year. I have been a first-hand witness to someone’s account being seized by the IRS so I feared the worst when I saw our refund was delayed. The IRS won’t give you money back if they show that you still owe money. So I know that we are completely in the clear and all is well there. Whew.

The equipment my husband sold was a bit bittersweet. It’s nice to have the money, but in a way we no longer have that piece of equipment to sell in a pinch. It was one of the nicer things that we owned that we knew we could get a nice chunk of change for. After researching the going price on eBay, we decided to just sell it back to the company it was purchased from. As expected, it was a very simple process and we received the money as promised.

Our next windfall will be with the economic stimulus check that we should receive via direct deposit in May (here is a link to the payment schedule). Depending on where we stand in May, that payment should take us below the “five figure credit card” debt that we have had for so long.

We will be in four figure credit card debt range. Wow. We will really be on the home stretch.

There Is a Delay in Processing Your Tax Return


Our state tax return arrived via direct deposit a little bit ago. I’ve been anxiously awaiting our federal refund because we would break below the $13,000 mark with that money. Unfortunately, our tax refund has been delayed and I don’t know why.

I’m on hold with the IRS right now and my wait time is estimated at 20 minutes. At least they have classical music playing, although it’s a bit too loud. You also have those moments where something sounds different and you think you are being transferred to a representative but it’s only that voice that comes on to let you know that everyone is still busy.

I’ve searched the internet for the code that they gave me to try to find more information as to why our return is delayed. After quite a few misses (mostly from Yahoo answers), I found a great resource that hopefully none of you will need. The IRS has a page that lists all of the reference codes for internet filers. My code is listed, but the status description is greek to me so that’s why I’m on hold right now.

I learned about our refund being delayed this weekend. It put a bit of a damper on things since I did already “spend” the refund in my mind to go towards our debt. I can be impatient at times when it comes to paying off our debt.

This reminds me of another year where our refund was delayed. We were all set to move to where we are now and the move depended on our tax return to be able to pay for somewhere to rent once we got here. Well, the tax return didn’t arrive and it was delayed. There was no way we were delaying our move, so we headed to the bank and practically begged for a $1,000 loan. We did get the loan and ended up moving on time. A few weeks later, we finally received our tax return and turned around and paid the loan.

Comparing that situation makes this delay seem pretty trivial. We are not relying on this money for anything other than an extra payment towards our debt. Instead of being bummed, I should be thankful. I feel better about this already. We may not hit below the $13,000 mark in March, but we’ll hit it in April 🙂