Did you file your taxes yet?

Yes, we filed. Yes, we got a refund. Yes, it’s gone. Credit card debt.

Already filed. Already got my refund. Refund is sitting in my savings account in the Credit Union I use.

Yes, about 45 minutes ago. I do not get a refund. I have to pay so that others ^^^^ can get their money back and we can maintain the largest, most powerful and expensive military the world has ever seen (to date).

Sending in an extension today.

Yep, got my refund and then it disappeared under a pile of plastic and resin crack.

No. I get a refund and so the IRS doesn’t care.

Filed last night. Owe again. It blows my mind that someone can get more back than they paid.

Filed about a month ago, got a little over a grand back from Feds, owe State. Money went to one of my husband’s bills (we’re almost debt free though!!)

Done. Owed $3200.

@hominid Geesh, I’d have cried.

Ouch @hominid Is that on top of any quarterly estimated payments too?

Nope. It was my own stupid fault. And I really can’t complain. We made too much money, I never adjusted my W4, and we had a decrease in some other deductions. Oh well.

We did ours two months ago, got money back, and used it to pay off out one truck payment. No more car payments for us now.

I got a California refund and the state sent me a letter telling me they had applied it towards my parking tickets. Wasn’t that thoughtful of them?

Nope. Still a ways to go before the deadline.

@dappled_leaves

What’s the Canadian deadline?

@Brian1946 Normally, April 30. But the CRA had to shut down for a few days due to Heartbleed, so it’s been extended to May 5.

People who own businesses / are self-employed have until sometime in June, I think.

Mailed them on Saturday. Owed both Federal and State, but nothing huge. I would rather owe a little bit at the end than to have the government have it.

We filed last week. Our refund paid off one of my wife’s student loans, so that’s one less debt for us!

I’d cry if I owed anything. My husband would’ve owed $700 if we didn’t file jointly. I’ve always gotten a refund putting 1 withholding on my W-4. Last year we got $5000 back (and we don’t have children). Half of it was an education credit since I was in college. This year we got about $2500 back. Now that we’re making more money with me working full time, he’s still withholding 1 and I’m withholding 0. Our tax guy says we’ll be getting a refund next year as well.

I don’t get why people owe anything unless their withholdings are too high, or if they own their own business.

First refund in years! I asked my husband how that happened and he said he changed his witholding when he started his new job. I like to owe some money, he likes to get some back. I guess he took it into his own hands. LOL.

I’m actually glad he did. We have been spending and spending, so getting a little pop of money makes the next expenditure coming up a little easier. The money is not really earmarked for anything specific I just know that the next thing we do that is a want and not a need we will say, “we can use the refund money for that.” Truth is all money goes in the same pot though.

I do want to take a mini vacation, maybe my husband will be more inclined to do it. The vacation will be way than the refund though. I’m thinking just one or two nights.

@livelaughlove21 The better position to be in is to have to pay a little back, I think. If the money is sitting in your bank account, it’s earning money for you. If the government is holding more of your money than it should, then it’s earning money on your refund. Obviously, it should be budgeted for, so that it doesn’t come as a shock at this time of year.

But of course, changing circumstances (changing jobs, school, etc.) can make it impossible to plan this stuff.

@dappled_leaves I agree. That’s why I like to owe money. With how low interest rates are now it doesn’t matter as much, but if they ever go up it will. @livelaughlove21 probably only lost $50 both years combined. Back when interest rates were high I tried to make sure I owed taxes at the end of the year and I charged everything possible on my credit cards to play the float game. I made several thousand doing it over time.

Already done; it’s how we paid rent last month.

Considering how much my household income varies, I shoot for a small return and usually get it. Last year, I guessed wrong and we wound up with a grand.

@livelaughlove21 For educational purposes: I changed my withholdings several times over the course of the year to make sure I broke even or owed a little. Working a commission job in a tourist driven town means one month I would make $1800, another month $13000. Taxes on larger months assume you make that much every month and they pull more. If I falsified my withholdings knowing my business trends I would be able to keep my own money in my own pocket.

@dappled_leaves Considering the state of interest rates on savings accounts in the past several years, I think I’ll keep things as they are so we can get a nice chunk at the end of the year to pay off things that need to be paid off. If we got it all throughout the year, we’d probably spend it.