INCOME TAX TIME!!!!! Are you exited or bummed?

[Blackout]

Income tax time again and it's going to be nuts around my house because it seems that everyone comes to my house to do them. But anyways,....

Are you Ready and exited or dreading the April 15 deadline?

[331lx]

Not me I have mine done so I ain't gotta worry about it and can't wait til the 15th cuz that's my birthday lol

[4EYED85GT]

Excited for upcoming tax return, bummed I'm getting my 2010 return audited by random. Gotta take all my 2010 stuff downtown on the 24th for the audit. Not really worried, just a pain in the ass!

Hope everyone is able to use some of their tax money for Mustang stuff! I know I will be using a chunk of mine on my car!

[Black92LX]

Hoping to get as close to a zero return as possible.
Why give them an interest free loan?

[Gearhead]

Hoping to get as close to a zero return as possible.
Why give them an interest free loan?

THIS ^^^^^^^

[Roush GT]

It's a savings account for me. I take extra out for a bigger refund. I can't save money if I got it we spend it so this works best for us.

[plated]

about the only thing kids are good for eaned income credit:lol:

[CNTLOSE]

We use it to pay off our 0% loans we get for house items during the year.

[Black92LX]

It's a savings account for me. I take extra out for a bigger refund. I can't save money if I got it we spend it so this works best for us.

Why not setup a direct deposit savings account and make a little interest on it?

[jack90gt]

Hell yeah excited I get my mustang....

[thecollector]

about the only thing kids are good for eaned income credit:lol:

:agree:

My wife was due @christmas but didn't deliver until Jan 7th:(

I kept telling her I was gonna squeeze her like a toothpaste tube:tongue2:

[Mista Bone]

Deadline is April 17th this year.

I might finally have to pay Federal income tax this year. Haven't paid any since 2005.

Now that 15% payroll tax, that sucks!

[Blackout]

about the only thing kids are good for eaned income credit:lol:

man don't joke....lol I getting back $10k this year from my kids...:D

[Carl]

I was deployed to Afghanistan for half the year, plus the kiddos. Going to be AWESOME this year.

[furiouslyfaster]

I hope we have some left after paying off my wife's lasik eye surgery. So I am excited to atleast have some money to pay some stuff off.

[IWRBB]

I'm single, white, and male- therefore tax time does not excite me in the least. Unlike all those hood rats on the TV commericals "I got back another $5,300 on last year's taxes" WTF? $5300 more? On top of what you got already? JFC.

You guys letting your taxes be your savings accounts need to sack up and handle your money like a big boy who's all grown up now. No offense, but saying "we can't have it or we'd spend it" shows you have zero self control. Getting thousands back from the government means you just lost at least a hundred bucks on that interest free loan you gave them. Year after year, you are losing thousands of dollars in compounding interest.

[331lx]

I gonna b using mine towards a new garage for the mustang

[egbertnr]

Paying two house payments and a kid, I imagine Ill be gettin something back. But I hate that I let them borrow MY money for free all year long and then think its so great I get some back.

[DSSKing68]

Donate your refund to the less fortunate and welfare recipients. Your president will thank you!
I prefer to have it even or $100.00 either direction.

[Goober]

Looks like a big return this year. Getting married, claiming single-0 and uncle sam nabbing me for $20k in payroll tax this year, I'll be able to get my junk painted.

[Black92LX]

Paying two house payments and a kid, I imagine Ill be gettin something back. But I hate that I let them borrow MY money for free all year long and then think its so great I get some back.

Can't you only declare the mortgage interest from a primary residence??

[flyin2jz]

I paid 31k in federal and I'll still owe money. Makes me real salty to see people who don't even make 31k a year get 5k back.

[evil8]

Can't you only declare the mortgage interest from a primary residence??

Primary and Secondary.

[mustang8998]

I have two mortgages and declare both.

[DSSKing68]

I paid 31k in federal and I'll still owe money. Makes me real salty to see people who don't even make 31k a year get 5k back.

Don't EVEN get me started on the whole Earned Income Credit BULLSHIT.

:mad::mad::mad::mad::mad:

[cstreu1026]

I'm single, white, and male- therefore tax time does not excite me in the least. Unlike all those hood rats on the TV commericals "I got back another $5,300 on last year's taxes" WTF? $5300 more? On top of what you got already? JFC.

You guys letting your taxes be your savings accounts need to sack up and handle your money like a big boy who's all grown up now. No offense, but saying "we can't have it or we'd spend it" shows you have zero self control. Getting thousands back from the government means you just lost at least a hundred bucks on that interest free loan you gave them. Year after year, you are losing thousands of dollars in compounding interest.

Ditto.

Its always nice to get money back but I hope to come out to zero in the end. Usually I get back from the federal government but owe the school district, city, and state.

[jktruckin06]

I can't wait for the year the government says... "well sorry if you paid too much all year, but we're in a pinch and keeping it"

[04 Venom]

Nice to see where the $3-$4K I pay in every year is going.

[Moody]

Well I paid 14500 into the system I'm getting like 800 back... Fml

[Moody]

And I got to pay the schools 110... Taxes suck

[TheBEAVR]

My taxable income this past year was 0. I'm not too worried about it since mine have been done since the first. :D

[Gearhead]

Well I paid 14500 into the system I'm getting like 800 back... Fml

:eek: You paid $14,500 in Federal taxes in 2011 ??!!
Yikes, glad I'm not in your tax bracket.

[exrider416]

I paid like $8000 into the tax system this year and get a whopping $433 back federal and owe state $330. What i think about taxes :flipoff:

[NaomiDstangLvr]

I love refund time!! :D

[KYGTP]

Tax time sucks!! I will be paying once again, just like I do every year, way more than what I would like:mad:

I have never seen a tax return, ever......If I do, I know there must be a huge screw up somewhere.

[Moody]

I was hoping to get more back to start a the supercharged 408 build to put in my car but I don't think its gonna happen anytime soon now.

[SCHMUCKINGHAM]

I always owe Uncle Sugar

[flyin2jz]

:eek: You paid $14,500 in Federal taxes in 2011 ??!!
Yikes, glad I'm not in your tax bracket.

Lol. I paid that much in federal by July. The problem isn't the tax bracket. It's that by the time u have paid all the taxes I paid almost 40k in taxes and will still have to send them a check. It's really a unfair system. If u work ur butt off to get a college education or work lots of hours like I do they penalize u for trying. If u make 30k a year u get a pat on the back and a nice check. It's a joke.

[bestracing]

When the wife was working she earned commission every month and it made it hard to break even with the Feds. We always had gotten back money but not much.

This year we'll owe state since they didn't take state taxes out of the unemployment checks but they sure took their taxes. Also last year I get a full deduction for my son :(

[flyin2jz]

Does anybody ever get money back from the state. I claim married with 1 dependent then on my taxes claim married with 4 and still never get anything. Just wondering because it seems like I would get a return on that. If I claimed that way with federal I'd get a huge check back. Lol

[Moody]

im getting 89 bucks back from ohio

[NUTTSGT]

Yep, I get some back from the state and a few back from the school district too. I'd rather get a few bucks back than have to pay a few.

[Blackout]

yeah I got back $700 from state.

Just as a FYI.... If you have e-filed your taxes, there might be a delay. Appearently the servers at the irs went down and the e-files are going to be delayed for a week. If you file around mid February they are saying that they will be all caught up, but until then you might have a delay...