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 Message Boards » » The Official 2008 "Whats Your Tax Refund" Thread Page 1 2 [3] 4 5 6, Prev Next  
Agent 0
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^^my company's department in charge of all this stuff has a policy of waiting till the very last minute to get these out...and the dumbest part was, they made the online version available only after they were mailed out

1/28/2008 8:42:14 AM

CalledToArms
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22025 Posts
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i claimed 0 for the 7months i worked in 07. i had about 10k taken out in fed/state so im hoping to get a big refund, and obviously ive adjusted my dependencies for 08 heh.

1/28/2008 9:19:33 AM

CalledToArms
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actually to follow up with that, any rough estimate %wise on the amount extra you see in your paycheck claiming 1 instead of 0?

1/28/2008 1:24:30 PM

Dammit100
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~$1800

1/29/2008 5:10:20 PM

HUR
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17732 Posts
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~$1800 for federal but i still have one W2 coming in but i do not think it'll effect it much

1/31/2008 5:11:12 PM

sd2nc
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$3,149 federal coming in, w00t deductions this year

Next year I'm gonna owe, just got paid and started a Savings account just for this reason.

1/31/2008 5:20:44 PM

joe17669
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What were yalls total deductions for the year?

2/1/2008 9:00:10 AM

Sylvaa
Veteran
295 Posts
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Prior to listing deductions, $84 refund.

After listing dependents, a little over $4k back.

2/1/2008 11:58:43 AM

eleusis
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24527 Posts
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my total deductions were somewhere around 20k. I need to adjust my withholdings a little more, because I still managed to get a refund this year. I'd rather be paying money than getting a refund.

2/1/2008 12:41:24 PM

stowaway
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-455 feds, -180 state

2/1/2008 1:05:51 PM

Senez
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strangely enough...i owe money to the feds....get back about half of that from the state. weird year for taxes

2/1/2008 1:56:01 PM

icanread2
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looking like i will be getting about $1275 or so back

2/1/2008 1:59:51 PM

Senez
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time for you to adjust your withholding

2/1/2008 2:07:42 PM

icanread2
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yea yea i know

2/1/2008 2:16:24 PM

howaboutno
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Quote :
"^^^your itemized dedutions have to add up to more than the standard for it to be of any benefit.

"


Actually most people dont realize there is a credit in North Carolina for charitable contributions. In fact most online softwares neglect the credit.

2/1/2008 10:05:20 PM

StingrayRush
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i wish i understood what all this shit meant

2/1/2008 11:13:07 PM

David0603
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^^ Link?

2/1/2008 11:25:13 PM

kable333
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How long does it usually take to get a check if you get a refund?

2/2/2008 4:34:55 AM

stone
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my accountant is a dick! he is not creative at all. i need someone that will honestly help me figure out a way to not pay uncle sam HUGE. i will not mail that check until march 14th.

anyone ever worked with a finical planner? i need some one who will help me figure out how to not end up owing so damn much. also i need to know things i can do during they year to help me out when tax time comes.

planner or accountant?

2/2/2008 10:11:12 AM

David0603
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I have a financial planner, but he doesn't do what you are talking about.

What do you mean "creative"? Do you want him to get your ass in trouble so you get audited? You sound like those people who switch tax guys if you don't happen to get a big refund that year. If you don't want to owe so damn much you need to either pay more during the year, which is fucking stupid, or have other things to offset your income. Sell some losing stocks to offset gains. Buy a house and give stuff to charity if you want more deductions.

2/2/2008 11:05:21 AM

BigBlueRam
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does anyone know how or if it's even possible to carry over deductions from one year to the next? specifically mortgage interest and charitable donations...

2/2/2008 1:17:23 PM

David0603
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No, pretty sure you can't. You can kind of do the exact opposite by prepaying your January mortgage in Dec but that's about it as far as I know.

2/2/2008 2:07:06 PM

cyrion
All American
27139 Posts
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bout 1600 for me. not so bad.

2/2/2008 2:31:44 PM

pfcvo
Veteran
168 Posts
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about $1650. Calculated my net pay + my income taxes - medicare/ss = fed/state only took out ~$140 from my earnings.

2/2/2008 2:35:50 PM

roddy
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looks like I will get around 400 back, and I will not adjust my withholdings, i would rather get money back then have to pay(like i had to do for both last year, so I adjusted them). I mean, 400, wow, all that interest I am missing out on....

2/2/2008 2:47:31 PM

ScHpEnXeL
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Maybe $300.... I was hoping for more since I paid fucking $10K in mortgage interest last year bbbbut guess not

[Edited on February 2, 2008 at 4:36 PM. Reason : and bought around march/april]

2/2/2008 4:36:11 PM

stone
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Quote :
"
What do you mean "creative"? Do you want him to get your ass in trouble so you get audited? You sound like those people who switch tax guys if you don't happen to get a big refund that year. If you don't want to owe so damn much you need to either pay more during the year, which is fucking stupid, or have other things to offset your income. Sell some losing stocks to offset gains. Buy a house and give stuff to charity if you want more deductions."


when i say creative i want someone who is going to ask me questions and tell me of potential deductions that i have not considered. right now i do all the work and research and he only plugs in my numbers. that is not helpful. i can do that on my own and not pay him 250 bucks an hour.

i would not switch tax guys because i don't get a big refund. i will switch tax guys because mine is not even making an effort to help the situation.

selling losing stocks right now would be stupid. the stocks i have that have fallen will come back up and it is smarter to keep them and wait instead of dumping to pay taxes.

i own a primary and a rental already. we do not have kids yet but are trying. i have given 12% of my total income to charity according to quicken. the problem is i have been claiming 2 on my income taxes so i would not get money back. instead i had a jump in income this year that is to significant to to be washed with only 48K in deductions (keep i mind mileage alone is 26K).

2/2/2008 5:10:18 PM

David0603
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If you already give him necessary information about deductions for mileage, mortgage interest, chartable contributions, etc. what more do you expect?

2/2/2008 6:22:57 PM

stone
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hell i figured out on my own that i could deduct the interest on my vehicle on top of the mileage. that little detail there was worth 3K in deduction right there. i suppose i expect him to be the expert and the one that knows the laws. not me stumbling upon them.

2/2/2008 9:38:26 PM

David0603
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So find a new tax guy.

2/2/2008 9:53:33 PM

Chillin056
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i thought i would get money back from donating to charity. ha !

2/2/2008 10:46:07 PM

howaboutno
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Here is the link to getting a credit in NC for charitable contributions:

http://www.dornc.com/taxes/individual/charity.html

2/4/2008 10:25:10 PM

howaboutno
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Quote :
"hell i figured out on my own that i could deduct the interest on my vehicle on top of the mileage. that little detail there was worth 3K in deduction right there. i suppose i expect him to be the expert and the one that knows the laws. not me stumbling upon them.
"


I am not completely sure about this statement. Generally, people will either take mileage or actual expenses. I am unsure how interest factors into it.

2/4/2008 10:29:54 PM

budman97420
All American
4126 Posts
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530 and 60

Can't file till the 11th though because congress didnt get there shit together with AMT tax law this year (for some reason the form for education credits is impacted by this).

2/4/2008 10:48:08 PM

LetsTAILGATE
All American
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yeah so what is the deal for feb 11th and congress?

2/5/2008 2:15:18 AM

beergolftile
All American
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3861 fed

1000 state

2/5/2008 7:27:56 AM

Senez
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what the...


that's insane

2/5/2008 8:06:14 AM

beergolftile
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i bought a house mid year, had 10K in interest and then another 8K in mileage (my car allowance is taxable income)

i really didn't want to adjust my witholdings mid year, id rather let it play out and then see how i can best optimize the witholdings for a full year.

2/5/2008 9:05:21 AM

QTPie
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7496 Posts
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I paid entirely too much, so ..... a lot
Yay

2/5/2008 8:19:21 PM

Seotaji
All American
34244 Posts
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time for compound interest. i was going to say plasma tv, but there's no point.

2/5/2008 9:32:36 PM

QTPie
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that was last week

2/5/2008 10:09:41 PM

Seotaji
All American
34244 Posts
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got any plasma's you want to donate?

[Edited on February 5, 2008 at 10:38 PM. Reason : eh]

2/5/2008 10:37:35 PM

sd2nc
All American
9963 Posts
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I think I just got pwnt by my 2005 return. Back taxes ftl.

2/8/2008 1:37:19 PM

miska
All American
22242 Posts
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federal: +$207
state= -$50

I filed on the 2nd and got them back last night. woot

2/8/2008 3:12:21 PM

steviewonder
All American
6194 Posts
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got mine back last night, filed them the last week of january. direct deposit

2/8/2008 3:23:04 PM

Senez
All American
8112 Posts
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you can file state without filing feds right?

i owe the feds, but get money from NC

2/8/2008 3:31:18 PM

sd2nc
All American
9963 Posts
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Yep, I def. got pwnt by 2005

2/8/2008 3:37:51 PM

kable333
All American
5933 Posts
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$400

Single, no dependents.

I was going to get a cool grand back (main job income last year < $20000), but the other earnings through my soccer referee gig and the unemployment I received brought my refund down b/c no federal taxes were held.

At least I don't owe any money this year. Hopefully, next year will be the same.

2/8/2008 10:16:20 PM

Dave
All American
2866 Posts
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42 dollars. Fuck giving uncle sam an interest free loan.

2/8/2008 10:18:43 PM

LetsTAILGATE
All American
2331 Posts
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noone answered my querstion. They took out 272 from federal and 137 from state with one job....other job they took out 75 and 32. Both these jobs totals were less than 5 grand for the year. Should I get all that back? I also pay my own tuition, car payment, etc. etc. What advice can you give me? also if I do turbo tax I SHOULD get it back before February 29th right?

2/10/2008 10:38:18 PM

 Message Boards » The Lounge » The Official 2008 "Whats Your Tax Refund" Thread Page 1 2 [3] 4 5 6, Prev Next  
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