Comments on: I Filed My Income Taxes Today

By: No Credit Needed Blog » Blog Archive » Wow, That Was Fast! Georgia Income Tax Refund Received

Thu, 22 Mar 2007 21:22:55 +0000

[...] Seven days ago, I filed my federal and state income taxes. [...]

By: The Sarcasticynic

The Sarcasticynic — Sat, 17 Mar 2007 11:44:47 +0000

Sorry, Joe, the dinner reference was meant as a token. The Sarcasticynic has frequently used his check to pay off credit cards and such. But don’t you find the Gov’t loan argument a little overused?

By: MerleSneed

MerleSneed — Fri, 16 Mar 2007 03:08:59 +0000

I hit my federal within a couple hundred bucks. I use an Excel spreadsheet to track my taxes throughout the year.

The Arizona state taxes are so odd that it is difficult not to get money back. They force people in the 25% or higher marginal federal bracket to over withhold. We got back $1750.

By: MerleSneed

MerleSneed — Fri, 16 Mar 2007 03:06:13 +0000

NCN,

The way Arizona forces us to withhold, it is virtually impossible not to get a refund. I came within a couple of hundred bucks on my federal return, but got back $1750 on the state.

Arizona also give dollar for dollar tax credits for certain charitable donations and you actually get back more than you give away.

An example, just one of several like it;

We get up to a $400 credit on the state return for giving money to groups that help the working poor (Salvation Army, Gospel Rescue, Food Bank, etc). We not only get the state credit for $400, but we get to take the $400 as a federal deduction, resulting in $112 saving on federal taxes. Give away $400 and get back $512. Weird.

By: Joe

Joe — Fri, 16 Mar 2007 00:39:06 +0000

If most americans spend whatever they get back from the IRS on a well deserved dinner, it is no wonder that the refund is the only savings they have.

If you’ve read this blog at all, I think you’ll realize that NCN actually does care about his financial well being. Hence, he won’t blow that money on eating out, but instead will put it in his retirement account. Thankfully, it won’t be his only savings this year.

By: The Sarcasticynic

The Sarcasticynic — Thu, 15 Mar 2007 21:20:04 +0000

I am really tiring of the “loaned the Gov’t the money” plea. The facts are that many Americans’ ONLY savings come in the form of that check with the eagle on it. Show me the taxpayer that can plan his tax liability to within $100 a year and I will show you the next heart attack candidate. Stop feeling guilty over getting that annual check and go treat yourself to a well deserved dinner!