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Taxes

Discussion in 'Off Topic' started by e_andree, Mar 6, 2006.

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    e_andree E

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    Taxes

    I was relieved today when I opened up my packet from my accountant from Florida, and I only owe 600 bucks. 1600 is due to the federal government, and states gonna give me a refund of 1000.......I was expecting about a 3000 owe total. Much better than last year though...I owed a crap load of taxes last year since I was a contractor and taxes werent taken out of my paychecks, and I didnt pay quarterly.

    Anyone else end up oweing a **** load, or getting a good amount back?

    Next year Ill get more back, cuz we'll change our deductions for the remainder of the year.
    e_andree, Mar 6, 2006
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    oppositesleeper New Member

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    well i usually dont get a lot back, but this year i cut it really close. I ended up getting a refund of 12$ from state. but i guess its better then having to pay in :shutup:
    oppositesleeper, Mar 6, 2006
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    Rolla95 Rollin' Out y0

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    i got 300 federal back and 20 state back
    Rolla95, Mar 6, 2006
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    Paolino SolidTuned

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    I got 1040 back total.
    Paolino, Mar 6, 2006
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    rolla02 Corollalcholic

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    I didnt get sh*t, I owe 300 to State and 300 to Fed, cause the government cant read a W-2 right.
    rolla02, Mar 6, 2006
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    1337Rolla oh my

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    I get $180 back, better than nothin
    1337Rolla, Mar 7, 2006
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    Dr Tweak Mad Scientist

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    I got like $2500 or so back from federal and state combined, this year will be a different story though.

    -Doc
    Dr Tweak, Mar 7, 2006
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    falnfenix Well-Known Member

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    Mike got around $8k back total.
    falnfenix, Mar 7, 2006
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    e_andree E

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    How so?


    Ive been tempted to set mine up so I get a crap load of money back come tax season, but I just cant justify letting the government hold my hard earned money and gain interest off of it in the mean time. Id rather have more money every paycheck
    Last year I owed 25k at the end of the year since I didnt submit every quarter....so oweing 600 this year was nice.
    e_andree, Mar 7, 2006
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    laz Member

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    I am getting around 5K's back, but that was because of a couple of one time bonuses which they tax at a different rate (higher). This year maybe different (lower) since I've changed my W2 somewhat.

    X
    laz, Mar 7, 2006
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    corollarider19 New Member

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    iam getting back around 500.. iam thinking about stocks
    corollarider19, Mar 7, 2006
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    falnfenix Well-Known Member

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    see...he's sick of owing the government, so he figured he'd let them take more out. it worked out, though. he paid off a MAJOR bill(financial freedom is that much closer!), and he's buying a truck(and selling the broken convertible).

    honestly, this year couldn't have worked out better for us. :)
    falnfenix, Mar 7, 2006
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