QOTD 2/6

minionlover · February 2013

Have you done your taxes yet? Do you think that you are getting a refund? Any plans for it?

mana8503 · February 2013

Just got them done last night. Holy refund! We are getting a huge chunk back... and I'm changing my status to married so we can get more during the year! H is staying single so we don't even up owing.

We are paying off a consolidation loan H had with a ridiculous interest rate, H's court fees, CC#1 and half of CC#2 (these are the only ones left with balances). Then 2K in savings in case I get furloughed.

catwine · February 2013

I'm still waiting for the government to send me my T4 slip. I usually get a small return so I'm not sure if it will be much different this year. I need to find a new accountant because mine is about 1.5 hours away from my house now that I've moved.

schnugglebug · February 2013

We will have ours done in March... we have to wait to get all our T-4 slips... by doing them as a married couple DH will in fact not owe but receive a return this year... since we have a dependent...

should be interesting, now if I can just get everything ironed out with work letting me go in Nov things will be a lot easier.

minionlover · February 2013

Wow Mana! It sounds like you got an nice sized refund. We haven't done ours yet. I still have to put money into my IRA for 2012 and then we can file. I should probably work on that today and schedule an appointment for next week. We have talked about what we are going to do with the refund money but haven't come to a final conclusion. I think that we are going to put most of the money into saving and also use some to pay down a CC.

lehc723 · February 2013

Not yet. My goal is to do them when we're at my in-laws (and borrow their Turbo Tax) in a few weeks.

mana8503 · February 2013

Cathyl7910:
Wow Mana! It sounds like you got an nice sized refund. We haven't done ours yet. I still have to put money into my IRA for 2012 and then we can file. I should probably work on that today and schedule an appointment for next week. We have talked about what we are going to do with the refund money but haven't come to a final conclusion. I think that we are going to put most of the money into saving and also use some to pay down a CC.

Having 11K in mortgage interest helps.

goatlady12 · February 2013

We haven't done our taxes yet. I really need to get my butt in gear and get all of that stuff together. If we get a decent refund hopefully it will be enough to pay off H's remaining debt, and wtill be able to put some into savings.

LDubHawksFan · February 2013

We haven't yet, but will soon. We always get a refund, so I would not expect anything different this year.

xxjen015 · February 2013

We're getting a refund!! It's modest, but I was definitely hoping for more. We can't actually file until mid-March. We both have stock through OptionsHouse and their company doing their tax info won't have our information ready until March. Oh well. We haven't discussed what we're going to do with it, but if H still doesn't have a job, we'll use it to live. Otherwise, I want us to put it into savings.

sjs1013 · February 2013

H is an accountant and took our documents to work this week to do our taxes. He finished them yesterday and he is filing them tomorrow. We are getting a decent refund, which I am excited for!

We are going to put our refund in savings for now and most likely use it for furniture when we buy a house.

mrshall1027 · February 2013

I've had to pay taxes for the last few years so this year won't be any different. H is probably going to owe as well. This time of year sucks for us.

minionlover · February 2013

xxjen015:
We're getting a refund!! It's modest, but I was definitely hoping for more. We can't actually file until mid-March. We both have stock through OptionsHouse and their company doing their tax info won't have our information ready until March. Oh well. We haven't discussed what we're going to do with it, but if H still doesn't have a job, we'll use it to live. Otherwise, I want us to put it into savings.

I could be wrong but don't companies have to postmark all of your tax documents by January 31st by law? That was always my understanding.

snuff9861 · February 2013

I just got my T4 so I will be doing them soon. I usually get a decent refund because I'm a student but now that I'm married I don't know if it will change. It might mean more for H since he can technically claim he is supporting me through school. His refund will go towards paying off his CC and mine will go towards an exchange program I'm doing in the summer (going to Hawaii for three weeks!).

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