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» Northern California Ford Owners     » Automotive   » General Talk   » $5k

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Author Topic: $5k
stanger50
20yr club
Member # 1665

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We bought our first home back in July, 2011 and we did our taxes today and got back $5,000

Hope for more this year.

[ February 28, 2012, 07:29 PM: Message edited by: stanger50 ]

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1998 Cobra SVT convertible
Bright Atlantic Blue (1 of 247)

20 year club.

Posts: 1318 | Registered: Aug 2002  |  :
RODRIGUEZ
¯
Member # 9104

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Nice!!! Congrats on both the new home and large refund.
Posts: 1182 | From: East Bay | Registered: Apr 2009  |  :
68dustin
CAFords OG
Member # 5388

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[Frown] only got 2500 back..

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"As I lay rubber down the street, I pray for traction that I can keep, and if I do begin to slide, please dear God protect me and my ride!"

Posts: 3986 | From: neverland | Registered: Feb 2005  |  :
1996 GT
I'm Joe Yates
Member # 4992

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Change your witholdings and keep your money all year long and get 0 money back. F the government.

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http://i.magaimg.net/img/257w.png

Posts: 9308 | Registered: Oct 2004  |  :
N8
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Member # 6048

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Congrats on the home. I have not got a tax return in close to a decade [Frown]
Posts: 11638 | Registered: Sep 2005  |  :
JBeezy53
CAFords OG
Member # 3960

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quote:
Originally posted by stanger50:
We bought our first home back in July, 2011 and we did our taxes today and got back $5,000

Hope for more this year.

You can change your withholdings and take home roughly $400 more per month. That's being conservative as it's really more than that, unless you had a lot of tax credits and weren't paying that much in taxes monthly.

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89 Gt
98 Cobra
88 Notch
05 GSXR 750 Blk/Yel

Posts: 1782 | From: Sacramento, Ca | Registered: Jan 2004  |  :
sic70stang
CAFords OG
Member # 4347

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quote:
Originally posted by Cobra 93-4992:
Change your witholdings and keep your money all year long and get 0 money back. F the government.

+1 a tax return is a fools savings account in which the government holds on to at 0% interest.

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The anti-crew
1987 rolling safety violation.

Posts: 6940 | From: California | Registered: Jul 2005  |  :
1SLOWLX
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Member # 558

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Man I remember thoses days now with no mortgage I got nothing to write off
Lame!

Posts: 5231 | From: bay area | Registered: Nov 2001  |  :
DLo
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Member # 6133

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quote:
Originally posted by SIC70STANG:
quote:
Originally posted by Cobra 93-4992:
Change your witholdings and keep your money all year long and get 0 money back. F the government.

+1 a tax return is a fools savings account in which the government holds on to at 0% interest.
I've wanted to change my withholdings, but how do you know what to change it to?? I'd rather not pay at the end of the year either!

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94 GT

Posts: 1876 | From: Bay Area, CA | Registered: Oct 2005  |  :
SLOWFOX
¯
Member # 11067

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8k right here but I gave most of it out to the wife parents.just kept abot 3k for my self almost all is gone.

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" A Wolf under sheep's clothing"-svoRICK 2/10/12
Almost everything I asked for.

Posts: 2399 | From: ESSJ | Registered: Jul 2011  |  :
sic70stang
CAFords OG
Member # 4347

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quote:
Originally posted by 1SLOWLX:
Man I remember thoses days now with no mortgage I got nothing to write off
Lame!

how about property tax?

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The anti-crew
1987 rolling safety violation.

Posts: 6940 | From: California | Registered: Jul 2005  |  :
louisiana96
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Member # 9967

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5200 in here

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96gt
Slow.6

Aka: what96

Posts: 384 | Registered: Apr 2010  |  :
CAStang
¯
Member # 9568

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If your getting returns, you're not managing your money correctly. My goal every year is to get as close to neutral as possible. Hell, I almost rather have to pay a little. At least that way I made the interest and not uncle Sam...
Posts: 351 | From: Santa Clara | Registered: Nov 2009  |  :
85staNg302
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Member # 9450

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Congrats! Got back $5650
Posts: 1561 | From: sacramento | Registered: Sep 2009  |  :
venomous99
¯
Member # 1917

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im getting a big fat negative number back. [Razz]
Posts: 4811 | From: dc | Registered: Oct 2002  |  :


 
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