S2KI Honda S2000 Forums

Off-topic Talk Where overpaid, underworked S2000 owners waste the worst part of their days before the drive home. This forum is for general chit chat and discussions not covered by the other off-topic forums.

Your tax refund?

Thread Tools
 
Old Mar 23, 2006 | 12:32 PM
Share
  #31  
vinsanity's Avatar
vinsanity
Registered User
 
Joined: Jan 2006
Posts: 800
Likes: 0
From: The O.C.
Default
Originally Posted by rdchalfont,Mar 23 2006, 01:13 PM
Being new to this country and the tax system here, what is itemization? And when/why would I do it? I'm sure it depends on your situation, so in what situations does it make sense? Single/married/certain income level...?
to put it in fairly simple terms, you get to choose either a $5000 standard deduction, or any number of itemized deductions you would qualify for. I believe the biggest itemized deduction commonly claimed is mortgage interest for homeowners. many other itemized deductions can be made if you happen to own a small business...
Reply
0
Old Mar 23, 2006 | 12:39 PM
Share
  #32  
THEOLDMAN's Avatar
THEOLDMAN
Former Moderator
 
Joined: Jul 2002
Posts: 7,449
Likes: 0
From: Between Hell/Ann Arbor
Default
Refund...what's that??
Reply
0
Old Mar 23, 2006 | 01:37 PM
Share
  #33  
UnkieTrunkie's Avatar
UnkieTrunkie
Moderator
20 Year Member
Liked
Loved
Community Favorite
 
Joined: Sep 2004
Posts: 109,435
Likes: 1,651
From: SJC
Default
$9K back, between State and Federal.

Yeah, new job, and I overwitheld like a
Reply
0
Old Mar 23, 2006 | 01:39 PM
Share
  #34  
Saint_Spinner's Avatar
Saint_Spinner
Registered User
 
Joined: Jun 2003
Posts: 3,456
Likes: 2
From: Los Angeles
Default
I should be getting around $6K...being in the entertainment industry, I had alot of deductions.
Reply
0
Old Mar 23, 2006 | 02:02 PM
Share
  #35  
wantone's Avatar
wantone
Registered User
 
Joined: Nov 2001
Posts: 29,845
Likes: 1
From: La La Land
Default
I owe $2700
Reply
0
Old Mar 23, 2006 | 04:32 PM
Share
  #36  
DiamondDave2005's Avatar
DiamondDave2005
20 Year Member
 
Joined: Apr 2004
Posts: 2,897
Likes: 1
From: Cherry Hill, NJ
Default
Got around $4600 from the Feds, $300 from the state.

I guess having a baby and a mortgage helps.
Reply
0
Old Mar 23, 2006 | 05:40 PM
Share
  #37  
SpaZilla's Avatar
SpaZilla
Registered User
 
Joined: Jun 2005
Posts: 255
Likes: 0
From: Toms river, NJ
Default
i got back 4400 for fed and 330 for state, then i got audited for 2003 and ended up oweing them 5500...i love the IRS
Reply
0
Old Mar 23, 2006 | 05:58 PM
Share
  #38  
iamhomin's Avatar
iamhomin
Thread Starter
Registered User
 
Joined: Aug 2005
Posts: 1,450
Likes: 0
Default
What did you get audited for? Did you have a lot of itemized deductions?
Reply
0
Old Mar 23, 2006 | 06:58 PM
Share
  #39  
C U AT 9K's Avatar
C U AT 9K
Member (Premium)
20 Year Member
 
Joined: Mar 2004
Posts: 17,163
Likes: 4
Default
Originally Posted by iamhomin,Mar 22 2006, 10:04 PM
Post your tax refunds!

$121 for me.
$127!! i win
Reply
0
Old Mar 23, 2006 | 07:05 PM
Share
  #40  
paivag's Avatar
paivag
 
Joined: Dec 2002
Posts: 8,059
Likes: 0
From: Milford, CT
Default
I will most likely have to owe. Damn Alternate Minimum Tax has nailed my butt to the stake. Surprised none of you guys have brought it up?
Reply
0



Advanced Search

All times are GMT -8. The time now is 08:07 AM.