How's Everyone Spending Their Tax Return?

JK47

Retired MFK Admin
MFK Member
Aug 4, 2008
11,112
3,478
2,555
Washington
Curious what you guys are doing with your tax returns this year? Me:

-More tattoo's. I want to finish off my right sleeve
-Two new tires (sux how expensive tires are)
-Maintenance, brakes, wipers etc for the cars
-A few new jerseys
-Stock a little away for our family vacation
 

ecoli73

Feeder Fish
MFK Member
Dec 15, 2010
3,867
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0
Sunnyvale, CA
Tax return gets smaller every year...

but all of mine plus some extra goes to the April payment of the real estate tax...
 

Miguel

Ole Dawg
MFK Member
Dec 28, 2006
15,857
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89
Very much south..
What tax returns? Not even worth a carton of cigarettes.....
 

Aquanero

Global Moderator
Staff member
Global Moderator
MFK Member
Feb 16, 2009
10,324
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New Jersey
No special plans, just put it in the bank and use the money as needed. Use it as a parachute to help soften the fall off the physical cliff.
 

Miguel

Ole Dawg
MFK Member
Dec 28, 2006
15,857
27
89
Very much south..
Do you guys reallly receive a return worth considering?

I only satr working for me around august september. All counted, firts eight or nine months of a year go for taxes 100%%.

and this with six children. Last year i received less than 100 dollars back...
 

JK47

Retired MFK Admin
MFK Member
Aug 4, 2008
11,112
3,478
2,555
Washington
Do you guys reallly receive a return worth considering?

I only satr working for me around august september. All counted, firts eight or nine months of a year go for taxes 100%%.

and this with six children. Last year i received less than 100 dollars back...
In 'Murica it really depends on your salary, if your a home owner and have kids in day care of not. My returns used to be something to celebrate about but now that I don't own a house and kids are out of daycare they are weaksauce..
 

ecoli73

Feeder Fish
MFK Member
Dec 15, 2010
3,867
8
0
Sunnyvale, CA
Well in US state levied taxes, real estate taxes and interests paid toward up to $1 million dollar mortgage gets deducted off your income...so if you pay high enough of these things, you can have some money come back at the end.
 

ecoli73

Feeder Fish
MFK Member
Dec 15, 2010
3,867
8
0
Sunnyvale, CA
The day care(or after school expenses for me) is $5000 pre tax FSA account, and thus does not affect the tax return that much...though it does save me about $1200...
 
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