income tax refund?

Just got mine back. I got almost $1200 and fiance got almost the same. It's pretty much going into our savings so we can save up more money. We're thinking of looking for at townhouse or condo in the upcoming months so we're trying to save as much as we can.

I have no idea if I will get any back or if I will owe. My employer gives our T4 the very last possible day..so it sucks. But I think its coming up next Thursday so then I will file taxes online right away and see if I get anything.

I switched jobs in 2008 so I think that will affect something. I really hope I get something back because a) we need extra money for the wedding and b) I can't afford to pay!

IF I get any money back, it will go to wedding stuff. Last year I got like $40 but I suppose its better than a kick in the pants.

We're getting about $1000 or so (I can't remember off-hand; I did the taxes awhile back).

We split it in half. As usual, mine goes into the piggy-bank I keep for emergency money/paying off the kitchen; I have the past 2 years' refunds there. In a few months, I hope to be able to pay off my bill for the kitchen renovation from this time last year (we did it ourselves, so I was able to put it on a credit card that gave me a deal: 15 months, no interest). I HATE being in debt! This is the most debt I've ever had, apart from the house, and my car (which was paid off 9 years ago), so I'm not used to having a big chunk of debt. I can't wait to get this noose off from around my neck...and, I'm also worried about the coming year's economy, so I really want to be debt-free, and more careful about spending. We only have 1 more major home improvement to do, but that shouldn't be really expensive. Then, I hope were done!

Originally Posted by Trouts mom

I have no idea if I will get any back or if I will owe. My employer gives our T4 the very last possible day..so it sucks. But I think its coming up next Thursday so then I will file taxes online right away and see if I get anything.

I switched jobs in 2008 so I think that will affect something. I really hope I get something back because a) we need extra money for the wedding and b) I can't afford to pay!

IF I get any money back, it will go to wedding stuff. Last year I got like $40 but I suppose its better than a kick in the pants.

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I don't know where you live (Canada???--I don't know what a T4 form is, and also, here, your employer must get the W2's to you by Jan. 31st, so I am assuming your live out of the U.S), but when you get married (at least in the U.S.), you can then file jointly! Also, if you buy a house, you can deduct the property taxes and your mortgage interest. You'll get a much larger refund.

There are SOME advantages to being hitched, I always say!

We don't have to pay this year Most years we've had to either pay, or invest 1500 into RRSP's in order to not pay.

We finally got our RRSP deductions to match so that we don't have to pay. We'll get some back which will just go towards our normal bills n' such.

We don't "do anything" with the refunds aside from paying off our debt.

I'm getting back just over $1,300.

-Paying off car repairs that I put on credit card.
-$300 goes to the animal hospital bill from Monti.
-$200 is going to Poppy, mostly for vet visits. We went yesterday and it was $60.
-Putting away $200 for landscaping in the spring.
-$150 goes toward decorating stuff for the condo, mostly art.
-And last but not least I'm giving myself $100 for clothes shopping. Poppy gets more than I do!

Originally Posted by MargeCat

I don't know where you live (Canada???--I don't know what a T4 form is, and also, here, your employer must get the W2's to you by Jan. 31st, so I am assuming your live out of the U.S), but when you get married (at least in the U.S.), you can then file jointly!

Also, if you buy a house, you can deduct the property taxes and your mortgage interest. You'll get a much larger refund.

There are SOME advantages to being hitched, I always say!

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T4's are Canadian tax statements.

Also in Canada, we do not get to deduct property taxes or mortgage interest and that is the big reason that Canadians pay off their mortgages as quickly as possible as opposed to the US where the mortgages are usually much longer term.

Ours was around $1200 and all of it went to the mortgage and bills. Oh, wait..I think we DID splurge on a pizza the first night. Woohoo.

oh yeah i forgot....

im going to buy a bunch of packs of my birth control pills so i dont have to worry about not being able to afford them and missing months.

also going to get my scripts refilled that i havent been able to afford.

so basically anything i said in my first post that was liesure will come last, i need to take care of alot of necessities 1st.

We're married, own a home (deduct interest on mortgage), and I had a boat-load of medical expenses (enough to deduct). Unless TurboTax is messed up and has a BIG update coming, we end up owing about $1100. Don't know if it's because of the "stimulus" or the difference in tax codes, but the difference is ~dollar for dollar the amount of the stimulus check. We've heard a lot of people complaining about the same thing, it even made the local news here.

We paid for Sashas laparoscopic spay and Cocos medicines.
We also paid some credit cards off and took the truck in for service.

We also saved some for our property taxes for April and Nov

Im getting about a grand. So here it goes

1. Getting Mr Jinx fixed

2. Getting a new DVD drive for my XBox 360

3. Getting a tune-up for my Honda

4. Putting some in savings

5. getting a new video game

6. taking my parents to dinner

We won't start working on our taxes for at least 3 week as we don't have all the needed information. And I haven't closed my books for 2008 yet-just dragging my butt on that.

Last year we got our first ever federal refund but we also had to pay in to state for the fist time so it may be a wash again. We still have to put monies in Roth IRA yet.

Ughh I owe like $4 to the state hope they dont spend it all in one place !!! lol my job over summer i guess didnt tax right so now i have to pay....I am also getting like $80 back lol Hmmm what to buy??? Will barely get me a tank of gas!

We took ours last Tuesday to a accountant and he is still not done with them

I am pretty sure DH will owe and I hope to goodness I get something back-I have several bills I need to pay on/pay off....

I got $1,035 back...700 of it went to paying off a credit card and whatever was left I put to savings.

I just finished ours last night. we get $937 back. I netfiled so we will get the refund in about 2 weeks. Since I am pay $5000 on Thursday to get braces put on my son's teeth. I will still owed $2500 . I will probably just sent it to the orthodontist. I would like to spend some on a new comforter for my bed. Gus has pulled most of the stuffing out.

Originally Posted by JuneBugBear07

Ughh I owe like $4 to the state

hope they dont spend it all in one place

!!!

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LOL Maybe they can pay me part of what they owe me! I have no idea when they are going to release the funds for those that are getting a refund

I am supposed to get about $1100 back. I have about $6500 in credit card debt from moving last summer so guess where my return is going?

With Federal and State I think I'm getting about $1100. I'm paying off my last 2 credit cards(WOO HOO!!!!)and my wedding dress. If I have anything left it will go towards the wedding