|
Tax Return Ideas??????
|
View this Thread in Original format
| Shook1 |
| So guys, I've just finished my taxes and I'm getting about 2 G's back!:eyes: What to do, what to do ........ any ideas? |
|
|
| BobbyV |
| quote: | Originally posted by Shook1
So guys, I've just finished my taxes and I'm getting about 2 G's back!:eyes: What to do, what to do ........ any ideas? |
You made out really well. im getting 1000 back, i made 23k last year and i claim myself and im not married, do you think i should have gotten more back?
BTW, save your money for awile. |
|
|
| PhloTron |
it's all about deductions...one of the biggest deductions you can have is on mortgage interest (owning a home)...that's one of the reasons that owning is far superior to paying rent. Rent money just disappears, while mortgage payments go toward A: equity, and B: tax deductable interest...enough to by itself exceed the standard deduction. (i.e. I itemized everything and anything I could think of)
Last year, I made the same money as another pilot. I own, he rents. He got $15 back from taxes, I got $1700.
I should do about just as well this year as well...although I may have gone up a tax bracket...hmmm.
hehe not to mention I'll be getting profit sharing this year too...oh the toys I could get...mmmm...or I could just cap off my IRA... :thepirate |
|
|
| Shook1 |
| quote: | Originally posted by {b.s.e.}
T12s. |
I already have Tech1200's ;)
Yeah, I still go to school and work full time so I get deductions on tuition, books, etc.... and plus I'm paying back school loans from earlier and get deductions on the loan interest, etc.
I dunno what I wanna do w/ it ....saving sounds nice, but ??????? |
|
|
| HYPA29 |
nice problem to have. Im facing a $3000 payment to the goverment. hate taxes, never get money back.
btw, save it and invest in the stock market. market is hot now until late fall. |
|
|
|
|
