What are you doing with your tax refund?

ec9

ec9

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Joined
Jul 25, 2010
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I'm banking most of mine but want to see if anyone else had mad spending plans that will make us all jealous? :D
 
Refund? I'm just hoping that I've paid enough in to make the pain in April to a minimum!
 
I'd love to be spending it on knives, but it will probably be spent toward our mortgage or some other debt. Sigh. :(

- Mark
 
We do this every year. So here it goes again.
If you are getting a big refund back you are taking money out of your own pocket monthly and cutting the Federal Government an interest free loan for about 15 months.
Adjust your W4's
I shoot for about $500 back total Married filing jointly between the payroll service that does my wife's paychecks being stupid and still sore from a CPA screwing up a few years ago I don't like to cut it any closer than that.

Edged toys that I will probably get around that time a Hatchet/Tomahawk from Kentucky in the makers forum, a 15" HI CAK or Bonecutter if the Kami's make any this year, and I am looking for another folder in D2 or better steel.
 
I to would rather keep my own money in my pocket. In the last 5 years the wife and I have been between paying in upwards of $300 to them owing us $150. Lord knows we are supporting a family of 4 out there somewhere with as much money as they take from us. So my only plans are to square up with them and wait another year to do it again.
 
This will be my first year where I'll be close to paying them something. I finally decided to bite the bullet and file "exempt" as I've been getting back about $1K more than I put in for years. It has made it nice living paycheck to paycheck, with a little more to spare throughout the year.

Problem is, I am terrible at saving, so we won't have enough for vacation this year.

Either way, I expect to have enough to spend on a small Sebenza, hopefully.:D
 
If I don't get screwed out of mine by some idiot putting the wrong name on my check again this year, I intend to get a new bicycle. Not a too expensive one, but better than my old WalMart one that I crashed last March and "totalled" it. Or maybe towards school books, I don't know yet.
 
I don't get a big refund check - I try to balance out my withholdings so that I come close to even at the end of the year.

However, I had a few things happen in 2010 that may put a few dinkets back in my pocket from Uncle Sam.

Some MIGHT go towards a knife purchase - some will go in the bank.

I've been eyeballing a Strider AR framelock - we'll see!!:D
 
Agreed on not getting a big refund, especially on your state return. If you can possibly at all make sure that you owe the state a little. Most states are cash strapped and many have taken to charmingly not giving people their refund for 3-6 (or more) months after they submit their return. Last year I wrote my state a check for 200 bucks. People were whining about not getting their refund until November and I didn't worry about it a bit.
 
The advice to adjust one's W-2 is likely sound, however if we have it we'll spend it. Getting a nice chunk-o-money at this time of year is...Fun.
Last year we bought a big flat-screen TV after taking care of necessities.

This year, it's new guitar time for me. I have a little Yamaha acoustic-electric, but it's the cheap one (APX-500) and though it plays nicely the acoustic sound is less than stellar due to the laminate construction.
I need a small-bodied instrument due to my wonky old shoulders, and I've been strongly attracted to the Taylor GS Mini. Really big, balanced sound out of a small guitar.
Still want to look at the Epiphone "Fingerstyle" instrument, a small-bodied instrument with a wider neck. Good reviews, but I haven't got to handle one yet.
 
Having recently become a new home buyer in the PRK, and not knowing how to do taxes this way yet (we were in a mobilehome for 26 yrs), with the $8k credit, our refund is HUGE!!! We need to do a couple things to the place, and I'd like to repay the loan from my gov't 401k. Other than that, bank it.
 
I am still paying on 2009 taxes. If there is a refund, it will cover the balance of 09. Fun stuff.
 
I'll make an extra mortgage payment with my "Tax Overpayment". The term refund is a misnomer.
 
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