Post # 1
I don’t even remember the last time I got a refund on my taxes. I/we always owe money although this year we owed very little. Our goal is to be as close to $0 at tax time as possible. This way we got full use of our money all year instead of giving the government an interest free loan with our money but it’s also not a huge burden to pay whatever taxes are outstanding. This year we were very close to that $0 goal.
What about you Bees? Did you get a refund this year or did you owe money?
Post # 3
Education credit, plus the interest I pay on student loans, amounted to a pretty good refund.
Post # 4
I always file my taxes as soon as I get my documents or as soon as they are available. Most are available electronically by January 30. I received something in the $3k range back.
Post # 5
We got a small amount back. But I owed on the state level because the military messed up and didn’t have my income filed in the correct state… AGAIN (even though I told them to fix it).
Post # 6
@littlemisst08: even when I was able to write off for the interest on my student loans I wasn’t getting a refund. But there is an income cap at which you can no longer write off those interest payments and it’s shocking low. I was not pleased when I found that out.
Post # 7
Thanks to mortgage interest and student loan interest, we got a pretty decent refund.
Post # 8
Not sure what you consider a large or small refund but I got a prety nice amount. It helped a lot!
Post # 9
owed about $500…ugh! My accountant filed an extension and said he is re-doing them because he thinks he can get them down to 0. He actually had a melt down in front of him and said he was under a ton of pressure and to please give him a break….yikes!
Post # 10
Since I was 1099 in 2012, I owe.
Post # 11
We try to get as close to $0 as possible. We are getting $5 back, and I think we did rather well.
When filing separately we would have ended up owing about $300 between the two of us, so I was pretty pleased when Darling Husband tried it again combined.
Post # 12
@Birdee106: I guess that’s subjective to your interpretation. whatever is a little or a lot to you.
Post # 13
I’m with you – I always have to pay. My poor husband used to get a refund since he owns the house but since we married we owed about $500 total this year. I could change my withholding, but I’d rather keep my money all year and write a check on tax day, as long as it’s less than $500.
My problem is my employer always figures it wrong when we get bonuses, etc. Which shouldn’t be a problem this year… 🙁
Post # 14
Darling Husband and I make crap (we are in school), and we owed 🙁 Not cool….it was only like $200, but that is a lot that could be put towards other bills! It pisses me off that we still gave a good amount to the government all year, and then they decided we owed them more in the end…even though we are poor right now! Grr.
Post # 15
This year I received a sum of money from the death of a family member and ended up owing close to $6k in fed and state taxes, even though I had additional taxes withheld from some of my payments. I am better off in the long run, but it was definitely tough to swallow when I’ve never owed before!
Hopefully this will be the only year 😀
Post # 16
We owed about $1,600. Ouch!
ETA I hard a hard time deciding how to vote, but I finally decided that $1,600 is a lot to owe, but a small refund to get back 😉