Taxes....

**BitsyNaceyDog** · 04-05-2006, 09:41 AM

We owe... a lot. Wow, the 15th is coming up quick, we better get that check out.

**Lizzie** · 04-05-2006, 10:30 AM

You should owe a little since that means you haven't wasted a year's worth of interest on your own money. I used to adjust things so that I owed about $50, not too bad. However, last year I took out a huge home equity loan and didn't adjust my taxes so I got a refund. I was really looking forward to going a bit wild with it - Photoshop, scanner, printer, etc. Lucky I didn't spend it before I got it since It turns out that the refund is just $25 shy of paying for Newcat's radio-iodine treatment!

**lvpets2002** · 04-05-2006, 10:44 AM

Yup my taxes are done & have to send off & to get back $140.00.. I am always so glad to just not have to pay anymore in..

**JenBKR** · 04-05-2006, 10:48 AM

We're getting a whopping $38. Yipp-y. I have come to the conclusion that if a married couple w/o kids or major deductions (we have the house but our interest rate is incredibly low, so we didn't pay much interest to deduct) makes between $50,000 and $100,000 per year, you don't get much back. I know that actually, unless you have kids or are self employeed, you shouldn't be getting big returns (as Lizzie stated). Well, maybe it's time for us to start having kids!

**Jessika** · 04-05-2006, 01:46 PM

Originally Posted by JenBKR

We're getting a whopping $38. Yipp-y. I have come to the conclusion that if a married couple w/o kids or major deductions (we have the house but our interest rate is incredibly low, so we didn't pay much interest to deduct) makes between $50,000 and $100,000 per year, you don't get much back. I know that actually, unless you have kids or are self employeed, you shouldn't be getting big returns (as Lizzie stated). Well, maybe it's time for us to start having kids!

Well at least you're getting something back and you don't owe anything! Look at it that way

I give an additional $10 out of every paycheck toward taxes so I don't underpay

**JenBKR** · 04-05-2006, 02:20 PM

Originally Posted by Jessika

Well at least you're getting something back and you don't owe anything! Look at it that way

Well, that is true, I do need to look at it that way. When my husband first put everything in Turbo Tax, it came out that we owed $60. But he forgot to deduct the interest we pay on the house, so when he added that in it came out better.