North Florida Nesties
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

S/O Tax Returns

Would you rather get back a lot, a little, break even or owe?

I don't mind the IRS holding onto some of our money, but this year we are getting to much back. We will be making some changes.

 

Re: S/O Tax Returns

  • I pay taxes for a state I don't even live in.  I want it all back.
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  • I went to a financial conference that said that if you're getting tons back you're withholding too much and you need to change it.  Since then I worry when I think my return is bigger than it should be.  Really though, I dont make a lot and my returns are never a lot, so the little boost always helps.  
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  • This is where DH and I differ. He's the type who likes to "play it safe" and get a big chunk back. He still only has married and one dependent on his personnel file (he thinks that's the smart way to leave it).

    I'm the type who thinks, especially in this political climate, the less Uncle Sam has his grubby hands on my money, the better! I'm all for breaking even, or even owing if you're smart and set some aside through the year. 

    I don't like making interest-free loans to Uncle Sam. 

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  • H and I both still file single/0 so we get a nice return. I like it that way.
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  • I like to get a good amount back.
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  • I like to get a nice amount back too. I get the whole "loaning the gov't your money thing," but even though we're financially responsible I still feel like we do more productive things with the chunk of money we get back.
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  • DH and I both claim zero and still owe the same amount each year. We just put the money in savings thoughout the year. At this point I would love to break even and have extra money in savings.
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  • Coming from someone who had to pay for 2 years in a row, I really want money back!
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  • I like to be as close to break even as I can, but preferably on the plus side (getting money back), if I had to.  I'd rather have the money all throughout the year or invest it myself.  If we do get a big refund, we try to save some but spend the rest on a vacation.
  • I like getting a decent amount back.  I'm like PPs in that I know that I am giving the government an interest free loan, but I feel that I am more productive with that chunk o' change.
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  • Owing completely enrages me, so breaking even is fine, although getting some back because of deductions is always nice.
  • I'd love to break even, but we always end up owing money, this year it's a pretty big chunk of change :(
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