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What Did You Do with Your Tax Refund?!
Old 02-17-2018, 05:11 PM
  #1

I got them done today! I need to pay ahead on the rent and go ahead and pay some other bills, so I can get ahead again.


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Old 02-17-2018, 05:26 PM
  #2

I logged onto my bank’s website and saw that the refund is listed as pending and scheduled to hit my account Tuesday. I ordered a new computer from Amazon and it will be here tomorrow. The rest will go into the bank.
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Haven't done mine yet
Old 02-17-2018, 05:28 PM
  #3

I have a feeling I'll break even or have to pay a little in.
Kathy
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Old 02-17-2018, 05:43 PM
  #4

We haven't done ours, yet. We won't do them until end of March, beginning of April. We'll likely make an extra house payment, as our goal is to pay off our 7 years left in 2-3 years. We are on the fast track to being financially prepared for retirement.
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Old 02-17-2018, 05:53 PM
  #5

Haven't filed yet, but I always save it for the summer since I don't get paychecks those 2 months.


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Old 02-17-2018, 05:56 PM
  #6

Iíll use some as a payment for my whole house flooring installation and some for exterior house painting this summer.
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Old 02-17-2018, 06:06 PM
  #7

I usually break even between what I pay in federal and get back in state. This year it's a whole $30.
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Refund
Old 02-17-2018, 06:06 PM
  #8

Part pays for summer vacation. The rest: tires and a new dryer at least I have it coming to get those items with cash.
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Old 02-17-2018, 06:11 PM
  #9

We're going to Disney with it! It also paid for part of the new furnace we had installed.
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None here.
Old 02-17-2018, 06:14 PM
  #10

No refund for us. We have to pay this year. DH got a promotion and a step increase. We owe a bunch. Yikes!!


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Old 02-17-2018, 06:34 PM
  #11

We made an extra house payment, and the rest will be used for our summer vacation.
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Old 02-17-2018, 06:54 PM
  #12

Havenít done ours yet, but if we get any back it will go towards paying off an air conditioner we bought last summer. Maybe one or small fun items.
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Old 02-17-2018, 08:01 PM
  #13

I need mine to make it through the summer! We do have vacations planned (and planned for) but regular bills also need to be paid!
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Old 02-17-2018, 09:05 PM
  #14

I've never gotten a refund- I don't understand how everyone else seems to get these giant refunds. I always have to pay. Sometimes I'll get a small refund from one (federal or state) but the amount I have to pay for the other cancels it out.
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Old 02-17-2018, 09:07 PM
  #15

Quote:
I don't understand how everyone else seems to get these giant refunds.
I'm not a CPA, but my guess is kids and mortgage. And having witholding set too high.
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Old 02-17-2018, 09:19 PM
  #16

Quote:
I'm not a CPA, but my guess is kids and mortgage. And having witholding set too high.
I know you get more deductions with those things, but my single friends who also rent also seem to get huge refunds every year. Some of them are teachers too, so you wouldn't think the withholding thing would be that different, but I guess maybe other districts do things differently. I've worked in 3 different districts and it's always been the same for me.

I do think back to my HS government teacher who used to go on about giving the government "interest free loans" and how it's really better to not get a refund. Logically, I understand that, but I'd still love to get a big pile of unexpected money!
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Old 02-17-2018, 10:02 PM
  #17

Quote:
I've never gotten a refund- I don't understand how everyone else seems to get these giant refunds. I always have to pay. Sometimes I'll get a small refund from one (federal or state) but the amount I have to pay for the other cancels it out
Same here.

I've filed all kinds of ways, and it's the same thing. Single, no house. Single, with house. Married, with house. Single, different tax bracket with house. Married, child, with two houses. Married, child, one house, yet another tax bracket.


Doesn't matter.

Of course, I think that breaking even is really how it is supposed to be. Maybe?
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Old 02-18-2018, 12:13 AM
  #18

Quote:
I've never gotten a refund- I don't understand how everyone else seems to get these giant refunds. I always have to pay. Sometimes I'll get a small refund from one (federal or state) but the amount I have to pay for the other cancels it out.
This is how you figure out what to fill out on your W-4.

"They" say you're supposed to set it so that you neither owe nor get a refund. I prefer to err on the side of refund than owe, though.

https://www.forbes.com/sites/kellyph.../#4e40fb8402d9
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Taxes
Old 02-18-2018, 03:47 AM
  #19

Mine will pay for property and school taxes and insurance payments.
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Old 02-18-2018, 04:32 AM
  #20

This was the first year my twins weren't dependents so I was nervous we might owe a bunch. I changed my with holding last year to the higher single rate rather than married, plus an extra $40 per pay period. Our house is paid off and we don't have enough to itemize. No income tax in my state. I am getting $161 back from federal so that was a pleasant surprise over owing a bunch!

Except for the 4 years they were in college and I could get the tuition credit ( times 2!) I have never had much of a refund. Those tuiton credits just went right back to the school next semester.

Not letting govt use my money interest free all year. I would rather get a small one, but hopefully not owe money!
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Old 02-18-2018, 04:44 AM
  #21

Nothing, we have to pay. Lol!
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Last year I owed $2300!
Old 02-18-2018, 05:12 AM
  #22

I had forgotten that I no longer had a college student!

After changing my status, this year I'm just about breaking even.
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Old 02-18-2018, 05:16 AM
  #23

Refund?? What refund?!
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Old 02-18-2018, 06:33 AM
  #24

We don't get one anymore. We break even. Our accountant told us with the new changes next year we will owe .
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Old 02-18-2018, 07:28 AM
  #25

We always owe. Every year we make changes that should help and something else changes so we still owe. I can hardly wait until next year...

I usually do mine early so I can get used to the idea of how much I owe before I have to pay it. It doesn't hurt so much that way.
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travel
Old 02-18-2018, 08:09 AM
  #26

We didn't get a big amount, but it will go toward our scheduled trip to Hawaii in late August.
Never been and have always wanted to go.
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Old 02-18-2018, 08:54 AM
  #27

We have to pay about $50 this year, as we did last year. Because I have to claim the money taken out for retirement on state taxes we usually owe. DH also claims married - 3 on his weekly check.

We prefer getting the money throughout the year instead of getting a lump sum.
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Old 02-18-2018, 01:02 PM
  #28

We haven't filed yet. We've been so poor we've gotten money back for the past 5 years, but dh is sure we'll owe this year. We'll see. He might be right.
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$$$!
Old 02-18-2018, 02:34 PM
  #29

i much prefer to get a chunk of money to use than to have a slightly larger paycheck each month.

i'm embarrassed (not sure why--i shouldn't be) to admit that we got back several thousand last year. (only 1 dependent for the first time; always had 2; we both have the max taken out of our paychecks; husband no longer has a cush job that pays well....)

we haven't filed yet...but expect to receive a nice little refund. it will pay for trips to watch son's baseball games and pay some medical bills and homeowners, and for tax preparation....
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Old 02-18-2018, 06:07 PM
  #30

Yeah, my mother and fiance' never get a refund really either. Well, my fiance' will get like $100. Hopefully, my mom will actually get something back this time!

I got myself a few little goodies!

- magenta jade stretch charm bracelet
- few essential oils
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Old 02-18-2018, 09:19 PM
  #31

We broke just about even this year. Not enough of a refund to get excited about. Lost our last child to claim as a dependent. They certainly grow up quickly. Can't complain. Better to be even than in the hole. I'm still wondering how the tax reform will affect us in 2018.
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