What are you doing with your tax return?

APR Stage 1 Chip

I will be sending my return to the IRS so they can process it. I doubt I will have a refund, however, because I had my taxes accurately withheld from my income and didn't provide an interest free loan to the government.

Originally Posted by GRIFFIN

Originally Posted by TayloMade[07]

Putting it into savings for a down payment on a house soon.

Originally Posted by DylloS

paying property taxes lol.

How do you guys know exactly how much to withhold so you don't pay or owe anything.

I feel like it's a gamble but I'm sure it isn't if you all do it.

Well, it's rarely $0.00, but I'm + $300 each year unless I change my tax situation (i.e. major change in pay, new credits, etc). How is pretty easy, fill out W-4 per IRS instructions, receive refund the following year, divide refund amount by number of paychecks per year, multiply that by 0.9, insert that amount in the "withhold additional amount each paycheck" block. Voila, taxes close to zero every year until you enter in a new tax situation.

Originally Posted by DylloS

paying property taxes lol.

How do you guys know exactly how much to withhold so you don't pay or owe anything.
I feel like it's a gamble but I'm sure it isn't if you all do it.

for srs.

sometimes i feel like a man child. teach me your ways

The government is holding quite a bit of my money hostage

I'll be paying down my student loan debt and take a trip to Korea to meet up with potential business partner as well as visit family

[bimmerapp]

Originally Posted by bon3z

for srs.

sometimes i feel like a man child. teach me your ways

understand the tax code, look at previous returns, know your deductions, profit

i pay every year, so I don't have to pay every day.

What are taxes?

Using mine to pay for my fvcking wedding...

Originally Posted by DylloS

How do you guys know exactly how much to withhold so you don't pay or owe anything.

Learn tax codes or get an accountant. One is cheap and frustrating, the other is expensive and easy. I chose the latter.

Originally Posted by casino is no lie

everything! i didn't have my taxes accurately withheld from my income and provide an interest free loan to the government

hopefully just enough money to go out to mcdonalds and buy something off thier dollar menu.

nothing. i had my taxes accurately withheld from my income and didn't provide an interest free loan to the government.

Originally Posted by DangerousMind

I owe taxes. FTL

This.

Every year.

Credit cards :-(

Wait, I thought my hard work isn't legally taxable, as I did not make a profit.
I simply work, and collect checks, so I only file State Tax returns.

Not sure yet.

Originally Posted by ///MPR77

Wait, I thought my hard work isn't legally taxable, as I did not make a profit.
I simply work, and collect checks, so I only file State Tax returns.

So, you don't file a federal return?