http://gamingtrend.com
July 23, 2014, 11:55:01 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News:
 
   Home   Help Search Calendar Login Register  
Pages: [1] 2   Go Down
  Print  
Author Topic: What are you doing with your tax refund?  (Read 3194 times)
0 Members and 1 Guest are viewing this topic.
corruptrelic
Gaming Trend Senior Member

Offline Offline

Posts: 3553


View Profile
« on: February 10, 2009, 12:59:48 AM »

Did my taxes last night, looks like the IRS owes me $900.  icon_biggrin

I'm planning on getting the Sprint Touch PRO (pocket pc smartphone) and possibly a pet ferret.

What are you getting with your refund?
Logged

"A gladiator does not fear death. He embraces it. Caresses it. Fucks it. Every time he enters the arena, he slides his cock into the mouth of the beast."
Gratch
Gaming Trend Senior Member

Offline Offline

Posts: 12415


GO UTES!!


View Profile
« Reply #1 on: February 10, 2009, 01:08:46 AM »

Paying the first $600 on the $6,000 in dental work I need done.  And getting my car registered.  frown
Logged

“My next great decision is just lying in wait.
The action might turn out to be the world's most grievous mistake."
- Bad Religion, Past is Dead
PeteRock
Gaming Trend Senior Member

Offline Offline

Posts: 6798


Fabulous is a state of being. For me, anyways.


View Profile
« Reply #2 on: February 10, 2009, 01:22:40 AM »

Paying the federal government $2000.   disgust
Logged

Beauty is only skin deep.  Which is why I take very good care of my skin.
pr0ner
Gaming Trend Senior Member

Offline Offline

Posts: 5355


Go Flames go!


View Profile
« Reply #3 on: February 10, 2009, 01:23:17 AM »

Using it as part of a down payment for one of these:

Logged

XBox Live Gamertag: Pr0ner
CeeKay
Gaming Trend Staff
Gaming Trend Senior Member

Offline Offline

Posts: 71766


La-bibbida-bibba-dum! La-bibbida-bibba-do!


View Profile
« Reply #4 on: February 10, 2009, 01:39:31 AM »

I socked it away in my bank account.
Logged

Because I can,
also because I don't care what you want.
XBL: OriginalCeeKay
Wii U: CeeKay
Devil
Gaming Trend Senior Member

Offline Offline

Posts: 7742



View Profile
« Reply #5 on: February 10, 2009, 02:02:58 AM »

Whores
Logged

XBox Gamertag: Devil13Devil
Wii Number: 0305 6568 6417 2609
PS3 Thing: Slived
Gromit
Gaming Trend Senior Member

Offline Offline

Posts: 536



View Profile
« Reply #6 on: February 10, 2009, 02:28:40 AM »

It all went to reduce debt.
Logged
YellowKing
Gaming Trend Senior Member

Offline Offline

Posts: 2993



View Profile
« Reply #7 on: February 10, 2009, 02:30:08 AM »

It will be sucked inexorably towards the money pit I call "the upcoming baby."

Logged
Azhag
Gaming Trend Senior Member

Offline Offline

Posts: 1829


View Profile
« Reply #8 on: February 10, 2009, 02:35:03 AM »

Still waiting for the accountant wife to figure it out (our taxes are complicated this year). Will let you know when I find out if I lose or get money...
Logged
leo8877
Gaming Trend Senior Member

Offline Offline

Posts: 12510



View Profile
« Reply #9 on: February 10, 2009, 02:37:18 AM »

Using it to help pay my property taxes.
Logged
Laner
Gaming Trend Senior Member

Online Online

Posts: 4689


Badassfully


View Profile WWW
« Reply #10 on: February 10, 2009, 03:03:14 AM »

Buying a value meal at Burger King.
Logged
Jeff
Special Project Group
Gaming Trend Senior Member

Offline Offline

Posts: 3278



View Profile
« Reply #11 on: February 10, 2009, 03:06:10 AM »

Quote from: CeeKay on February 10, 2009, 01:39:31 AM

I socked it away in my bank account.

Ditto.

Logged
Isgrimnur
Gaming Trend Senior Member

Offline Offline

Posts: 8711



View Profile
« Reply #12 on: February 10, 2009, 03:20:42 AM »

$1100 went to last year's dental work (Capital One loan paid in full), $250 went to December's medical bill that the insurance decided to apply my deductible to, I bought Life on DVD as well as last year's Peanuts box set, $50 worth of Pete Rock special edition games, and likely the rest will sit there until I need to pay off this year's dental work.
Logged

Hadron Smasher on 360; IsgrimnurTTU on PS3

I'd rather be watching hockey.
whiteboyskim
Senior Staff Writer
Gaming Trend Senior Member

Offline Offline

Posts: 7848


Hard partier


View Profile
« Reply #13 on: February 10, 2009, 03:47:53 AM »

Using it to pay the house taxes at the end of this year. smile
Logged

Behold the glory of my new blog!
Filmmaking is vision plus faith plus balls, all 3 of which Hollywood knows little about.
Ironrod
Gaming Trend Senior Member

Offline Offline

Posts: 3356



View Profile WWW
« Reply #14 on: February 10, 2009, 03:48:21 AM »

If we get anything back, we might be able to take our annual week in the Berkshires this summer. If we have to pay out, no vacation this year. I haven't even started sorting paper yet. It's too depressing.

We're still waiting on one 1099. Does anyone know what the penalty is for a payer who doesn't mail their 1099s by Jan. 31?
Logged

Curio City Online - Weird stuff you can buy
Curious Business - The Curio City Blog
kratz
Gaming Trend Senior Member

Offline Offline

Posts: 4197



View Profile
« Reply #15 on: February 10, 2009, 05:10:29 AM »

Down payment on a 'new' used car for my wife, since her '97 was about to shit the bed.  Got a Subaru Forester.  I dig it.
Logged
Moliere
Gaming Trend Senior Member

Offline Offline

Posts: 5087



View Profile
« Reply #16 on: February 10, 2009, 05:42:05 AM »

I am scared to do my taxes so I keep holding off. I received a mystery 1099 in the mail with no company name attached. All it had was a Fed ID #. There's nothing else on it besides the IRS logo at the top. I made the mistake of calling the IRS customer service trying to get, um, customer service. I explain about this mystery 1099 and can they look up the Federal Tax ID and tell me who it belongs to so I can know where this "income" came from. After some hold time the agent comes back and tells me that he can't because that would be violating someone's privacy. Aren't corporate Tax ID's public information?! He tries to compare it to someone asking for my personal information if they call in with my Social Security Number.  Roll Eyes  After about 15 minutes of this I give up and go to Google. Five minutes later I find my answer. That Fed ID he didn't want to give me because of privacy concerns...belongs to the f*!@n IRS! Obviously customer service didn't know what he was talking about and covered his ignorance with some bullshit about privacy. This 1099 is typical of government: They give you a tax break in 2006 and then charge it back to you as income in 2008.  icon_evil
Logged

That which can be asserted without evidence, can be dismissed without evidence.
hepcat
Gaming Trend Senior Member

Offline Offline

Posts: 9125


I'M the one that knocks! Now...burp me!


View Profile
« Reply #17 on: February 10, 2009, 10:07:18 PM »

I don't understand taxes.  Two years ago I received almost 1100 dollars.  Last year I got around 600.  This year I'm getting a measly 135 bucks.   icon_eek
Logged

Warning:  You will see my penis. -Brian

Just remember: once a user figures out gluten noting them they're allowed to make fun of you. - Ceekay speaking in tongues.
mikeg
Gaming Trend Senior Member

Offline Offline

Posts: 2549


View Profile WWW
« Reply #18 on: February 10, 2009, 10:11:22 PM »

Quote from: Jeff on February 10, 2009, 03:06:10 AM

Quote from: CeeKay on February 10, 2009, 01:39:31 AM

I socked it away in my bank account.

Ditto.



Dittofication
Logged

I am Xboxalot on Live.
ATB
Gaming Trend Senior Member

Offline Offline

Posts: 15291


Thanks for everything, Ryan. 1979-2013


View Profile
« Reply #19 on: February 10, 2009, 10:17:23 PM »

Putting most of it away, but we do allow ourselves to each get 5% of the total refund to spend on what we want.  Thus far I have purchased a 120 gb hd for the 360. Probably hang on to the rest until something catches my eye.
Logged
Farscry
Gaming Trend Senior Member

Offline Offline

Posts: 4001



View Profile
« Reply #20 on: February 10, 2009, 10:31:08 PM »

Paying part of what I'll inevitably owe for my state taxes. Two years running now, I've owed the state more than the feds have owed me.

Of course, in the event that Iowa pulls a California on us, I'd rather owe the state than have them owe me anyway. Tongue
Logged

Purge - You have unlocked an Achievement!
You are now of the rank reprobate
Ironrod
Gaming Trend Senior Member

Offline Offline

Posts: 3356



View Profile WWW
« Reply #21 on: February 11, 2009, 01:19:48 AM »

Quote from: kratz on February 10, 2009, 05:10:29 AM

Down payment on a 'new' used car for my wife, since her '97 was about to shit the bed.  Got a Subaru Forester.  I dig it.

Nice. I wish we could replace our 10-year-old Forester. If we could, I'd buy another Forester.

To answer my own question: The fine for sending a 1099 late is $30 per instance. That goes up to $50 after 30 days, and $100 after 6 months. Since nobody polices this, there is effectively no penalty, and it's up to the payee to keep track of and report this income. Which means we will just guess if the form doesn't show up by April.
Logged

Curio City Online - Weird stuff you can buy
Curious Business - The Curio City Blog
Brendan
Gaming Trend Senior Member

Offline Offline

Posts: 3841


two oh sickness


View Profile
« Reply #22 on: February 11, 2009, 02:20:31 AM »

Refund?  I wish.   crybaby
Logged
Kurt Stevens
Gaming Trend Reader

Offline Offline

Posts: 452


View Profile
« Reply #23 on: February 11, 2009, 04:00:53 AM »

Probably some type of netbook. I've had my eye on the NC-10.
Logged
CeeKay
Gaming Trend Staff
Gaming Trend Senior Member

Offline Offline

Posts: 71766


La-bibbida-bibba-dum! La-bibbida-bibba-do!


View Profile
« Reply #24 on: February 11, 2009, 04:02:51 AM »

Quote from: Kurt Stevens on February 11, 2009, 04:00:53 AM

Probably some type of netbook. I've had my eye on the NC-10.

you do realize you must name it 'Enterprise' if you get it, right?  Tongue
Logged

Because I can,
also because I don't care what you want.
XBL: OriginalCeeKay
Wii U: CeeKay
kratz
Gaming Trend Senior Member

Offline Offline

Posts: 4197



View Profile
« Reply #25 on: February 11, 2009, 04:13:44 AM »

Quote from: Ironrod on February 11, 2009, 01:19:48 AM

Quote from: kratz on February 10, 2009, 05:10:29 AM

Down payment on a 'new' used car for my wife, since her '97 was about to shit the bed.  Got a Subaru Forester.  I dig it.

Nice. I wish we could replace our 10-year-old Forester. If we could, I'd buy another Forester.

Heh... our 'new' one is 8 years old.  Nice though... 86K... didn't cost too much, leather... AWD is a huge plus out here where it snows and gets super cold.
Logged
Arkon
Gaming Trend Senior Member

Offline Offline

Posts: 6073


View Profile
« Reply #26 on: February 11, 2009, 05:39:00 AM »

Some of it will be used to pay down credit card debt.  The rest will be used to put new windows in the entire house and finish off the remodeling I am doing currently.
Logged
Boudreaux
Gaming Trend Senior Member

Offline Offline

Posts: 604



View Profile
« Reply #27 on: February 11, 2009, 02:57:52 PM »

I have no idea how much we'll be getting back (no matter how much I adjust our withholding, I can't seem to avoid a refund), but it will all be going toward paying for the hardwood flooring we installed last summer.
Logged

XBox Live:  JNacht
Ironrod
Gaming Trend Senior Member

Offline Offline

Posts: 3356



View Profile WWW
« Reply #28 on: February 11, 2009, 04:30:08 PM »

Quote from: kratz on February 11, 2009, 04:13:44 AM

Quote from: Ironrod on February 11, 2009, 01:19:48 AM

Quote from: kratz on February 10, 2009, 05:10:29 AM

Down payment on a 'new' used car for my wife, since her '97 was about to shit the bed.  Got a Subaru Forester.  I dig it.

Nice. I wish we could replace our 10-year-old Forester. If we could, I'd buy another Forester.

Heh... our 'new' one is 8 years old.  Nice though... 86K... didn't cost too much, leather... AWD is a huge plus out here where it snows and gets super cold.

Ours has 130k miles and is beat to crap. It's my wife's so it's always overflowing with trash. She is fiercely protective of her old beater and doesn't want to replace it because I'd nag her to take care of a new one. She really likes not worrying about new scratches and dents. She's religious about oil changes, though, and that's why it's still running fine. I want to replace it before it craps out, though. 
Logged

Curio City Online - Weird stuff you can buy
Curious Business - The Curio City Blog
Eel Snave
Gaming Trend Senior Member

Offline Offline

Posts: 2753



View Profile WWW
« Reply #29 on: February 11, 2009, 07:29:49 PM »

We're paying down debt.  We were careless in 2007 and I lost my job at the end of 2008, but we're actually in better shape now than we were then.  Losing my job helped us be more careful with our expenses and we cut out a lot of fat.  (Like Starbucks every freaking day.)
Logged
ibdoomed
Gaming Trend Senior Member

Offline Offline

Posts: 793


View Profile
« Reply #30 on: February 12, 2009, 02:27:03 AM »

We're very bad at saving so we keep our claim of zero dependents and pay the maximum in taxes so we get a nice refund. I know it's basically letting the government earn interest off our money while we could be getting that interest but seriously, even if we put it all into a CD you get like 2-3 percent? So that's like an extra 200-300 bucks? Pfft, it's worth losing that to use it as a savings account. Besides, doesn't our government need more money? haha

We're going to use this years to buy a new house.

So I have another question that I might as well pose here. This 15k tax credit I'm hearing about... is that a deduction or are they actually going to give us an additional $15,000 back next year?
Logged
Caine
Gaming Trend Senior Member

Offline Offline

Posts: 9833


My cocaine


View Profile
« Reply #31 on: February 12, 2009, 02:48:59 AM »

paying down debt brought on by bundle o' joy #2.  kids are expensive. 
Logged

"It's like chess with big guns against aliens. Which isn't like chess at all when I think about it." - Jake Solomon
hitbyambulance
Gaming Trend Senior Member

Offline Offline

Posts: 919


View Profile WWW
« Reply #32 on: February 12, 2009, 08:39:52 AM »

rent
Logged
Ironrod
Gaming Trend Senior Member

Offline Offline

Posts: 3356



View Profile WWW
« Reply #33 on: February 12, 2009, 04:11:16 PM »

Quote from: ibdoomed on February 12, 2009, 02:27:03 AM


We're going to use this years to buy a new house.

So I have another question that I might as well pose here. This 15k tax credit I'm hearing about... is that a deduction or are they actually going to give us an additional $15,000 back next year?

Buy a house? Good lord man, how much are you having overwithheld?

The stimulus package isn't finalized yet, but this morning's newspaper said that the tax deductions for home and car buyers were gutted. I don't know if that means removed completely, or just reduced to insignificance.

Oh, and that $500 rebate fell to $400. Your weekly paycheck is going to grow by $8 instead of $10.

None of this is certain until it lands on Obama's desk anyway.
Logged

Curio City Online - Weird stuff you can buy
Curious Business - The Curio City Blog
joeyjazz
Gaming Trend Reader

Offline Offline

Posts: 341


View Profile
« Reply #34 on: February 12, 2009, 04:32:15 PM »

Quote from: ibdoomed on February 12, 2009, 02:27:03 AM

So I have another question that I might as well pose here. This 15k tax credit I'm hearing about... is that a deduction or are they actually going to give us an additional $15,000 back next year?

It's going to be money that you get back, though from what I hear it's going to be $7500 instead of $15k.
Logged
ATB
Gaming Trend Senior Member

Offline Offline

Posts: 15291


Thanks for everything, Ryan. 1979-2013


View Profile
« Reply #35 on: February 12, 2009, 06:00:14 PM »

Quote from: Ironrod on February 12, 2009, 04:11:16 PM

Oh, and that $500 rebate fell to $400. Your weekly paycheck is going to grow by $8 instead of $10.


So it's not a stimulus check like Bushy sent out? It's actually going to come in our paychecks each month?
Logged
Ironrod
Gaming Trend Senior Member

Offline Offline

Posts: 3356



View Profile WWW
« Reply #36 on: February 12, 2009, 06:32:59 PM »

Quote from: SensuousLettuce on February 12, 2009, 06:00:14 PM

Quote from: Ironrod on February 12, 2009, 04:11:16 PM

Oh, and that $500 rebate fell to $400. Your weekly paycheck is going to grow by $8 instead of $10.


So it's not a stimulus check like Bushy sent out? It's actually going to come in our paychecks each month?

Correct, they are reducing your federal tax withholding by $8 per week (last I heard) for two years. They figure it's such a small sum that everyone will spend it without even noticing, whereas you would save a lump sum or use it to pay down debt.
Logged

Curio City Online - Weird stuff you can buy
Curious Business - The Curio City Blog
corruptrelic
Gaming Trend Senior Member

Offline Offline

Posts: 3553


View Profile
« Reply #37 on: February 12, 2009, 06:45:04 PM »

I'd rather get a lump sum like we did last year. That $600 extra was sweet. Of course I can't remember what I did with it, but I'm sure it went to good use!
Logged

"A gladiator does not fear death. He embraces it. Caresses it. Fucks it. Every time he enters the arena, he slides his cock into the mouth of the beast."
Isgrimnur
Gaming Trend Senior Member

Offline Offline

Posts: 8711



View Profile
« Reply #38 on: February 12, 2009, 06:51:08 PM »

Mine went to my 80GB backward compatible PS3. 
Logged

Hadron Smasher on 360; IsgrimnurTTU on PS3

I'd rather be watching hockey.
Caine
Gaming Trend Senior Member

Offline Offline

Posts: 9833


My cocaine


View Profile
« Reply #39 on: February 12, 2009, 07:29:50 PM »

no check?  what about all of us who aren't getting a paycheck this year?  8 bucks less on taxes per check means diddle squat to me, but 500 bucks would have been helpful. 

damn dems



slywink
Logged

"It's like chess with big guns against aliens. Which isn't like chess at all when I think about it." - Jake Solomon
Pages: [1] 2   Go Up
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2013, Simple Machines
Valid XHTML 1.0! Valid CSS!
Page created in 0.207 seconds with 105 queries. (Pretty URLs adds 0.076s, 4q)