timmyrotter
02-09-2007, 03:16 PM
so i know this may be somewhat personal but i dont mind... im getting like 600$ back this year, its my first year filing, im exciting cause now that im in college im broke!

dawn of light
02-09-2007, 03:22 PM
Yeah, I always get excited for income tax returns. It feels like getting free money. And then I realize I should use it to pay of my student loans...

timmyrotter
02-09-2007, 03:51 PM
yeah... i didnt know you could get taxes back in Socialist countries...

now i just realized that most states in the US dont pay income taxes, at least state one, at least i think that is how it works. Oregon is one of the few states that doesnt have a sales tax. i am interested to hear what happens in other states, and yes even other countries, and yes... even canada :p

dawn of light
02-09-2007, 09:14 PM
Even Canada...
Well, all of Canada pays 6% GST (goods and services tax). They just lowered it from 7% as of July 1, 2006.
Provinces have their own PST (provincial sales tax). Manitoba's is 7%.

As for income tax, there are different tax brackets and you pay a higher percentage of tax if you're in a higher tax bracket. Also if you make under a certain amount of money (I think it's around $8000) per year you don't have to pay any income tax. Things like charitable donations, university tuition, child tax credits, old age tax credit, medical expenses, etc. lower your taxable income and you'll end up paying less tax.

riz
02-09-2007, 09:38 PM
I'm mad because my summer job forgot to take out my city tax for all my paychecks, so now I owe the city money this year. Not pleased. They had been doing this for four years; why do it differently this go-around?

Federal and state should be giving me some money though, so that's good. *shrug* Money's 'mine' to begin with...

terrasin
02-09-2007, 11:46 PM
I have yet to start filing ours. Been busy with work. Wheeee

CJ

lamb_servant72
02-10-2007, 03:23 AM
My husband lost his job right after Christmas. We were without any income for four weeks. I hated to do it, but I did the "instant refund" card with H&R Block, because we desperately needed the money.

I had a horrible experience with this. If anyone is thinking of doing it and has specific questions, I'll go into detail. I won't use H&R Block again.

somasoul
02-10-2007, 05:28 AM
My husband lost his job right after Christmas. We were without any income for four weeks. I hated to do it, but I did the "instant refund" card with H&R Block, because we desperately needed the money.

I had a horrible experience with this. If anyone is thinking of doing it and has specific questions, I'll go into detail. I won't use H&R Block again.

I would never use one of these "instant loans". The interest rate must be incredible.

skynes
02-10-2007, 08:45 AM
Trying to get tax money back in the UK isn't worth it.

It goes like this.

You send the form off to the NI (Northern Ireland) tax office..

nothing happens...

you phone up and they say they haven't received it.

so you do another! Send it off.

You get a letter back telling you you've sent it to the wrong place, here's another form, send it to England.

So you fill it in and send it to England.

England come back to you and say: This is the wrong place, send it to the NI office, here's another form.

You send it off to the NI office (well irritated at this point)

You then get back TWO letters telling you that your claim has been submitted. One of the letters dates back to THE FIRST FORM.

Now you need to phone up/write letter to cancel the second form cause the first now went through, otherwise the government, in all its divine wisdom, will accuse you of trying to cheat the system and prosecute you for it.

Of course, cancelling this requires the filling in of another form.

timmyrotter
02-10-2007, 08:48 AM
Trying to get tax money back in the UK isn't worth it.

It goes like this.

You send the form off to the NI (Northern Ireland) tax office..

nothing happens...

you phone up and they say they haven't received it.

so you do another! Send it off.

You get a letter back telling you you've sent it to the wrong place, here's another form, send it to England.

So you fill it in and send it to England.

England come back to you and say: This is the wrong place, send it to the NI office, here's another form.

You send it off to the NI office (well irritated at this point)

You then get back TWO letters telling you that your claim has been submitted. One of the letters dates back to THE FIRST FORM.

Now you need to phone up/write letter to cancel the second form cause the first now went through, otherwise the government, in all its divine wisdom, will accuse you of trying to cheat the system and prosecute you for it.

Of course, cancelling this requires the filling in of another form.

lol sounds like a pain. you have to file here though, and along with that, if you dont make too much. you usually get some of your money back.

skynes
02-10-2007, 09:04 AM
What I posted was an almost event by event of transcript of what my mum goes through when applying for any benefit or any tax return for any reason.

We're still getting mail for my dad and hes been dead 3 years...

timmyrotter
02-10-2007, 09:08 AM
and i thought my country was bad, our returns come in about 6 weeks by mail, less if you file electronically.

john316
02-10-2007, 11:18 AM
Just got ours done today...getting about the same back as last year. Where my wife works they gave out vouchers for free services at H&R block so that saved me about 200.00. I remember the days when you could claim interest from your credit cards,car loans, etc. but now all you can claim is interest on a mortgage. While my daughter is still in college we still have that deduction and what we gave to church and to compassion. My wife donated a bunch of stuff to goodwill and that turned out to be a good deduction. I would like to figure out a way to claim my dog...as he about eats us out of house and home;)

I know the "experts" say that you should balance your payroll deductions so you break even at the end of the year but if i do that i will spend it...this way when that check comes it goes in the bank until needed.


Scott...that sounds like a nightmare:o

terrasin
02-10-2007, 11:55 AM
John, maybe you will know, can we deduct from every non-profit organization? We've been giving money lately to the Central PA Zoological Society lately and I'm unsure if we can claim it next year on taxes (since we joined a few weeks ago).

CJ

eowyn
02-10-2007, 12:10 PM
I pay someone to do my taxes. Its nice. and easy.

john316
02-10-2007, 12:29 PM
John, maybe you will know, can we deduct from every non-profit organization? We've been giving money lately to the Central PA Zoological Society lately and I'm unsure if we can claim it next year on taxes (since we joined a few weeks ago).

CJ

You should be able to since they are a non-profit...they should send you a record of what you gave at the end of the year(at least compassion does)but to be on the safe side save your receipts or copies of your checks. You can only claim it if you have enough deductions to file a 1040. I would think since you own your own business you should have no problem with that.

dawn of light
02-11-2007, 07:30 AM
I pay someone to do my taxes. Its nice. and easy.
I thought about doing that but I decided I wanted to know how to do it myself. I want to know what's going on with my money. I got someone to teach me how to do it the first year I was 18 and I've done it by myself ever since.

unshakeable15
02-13-2007, 12:52 PM
Thanks for reminding me! i am the worst procrastinator at doing taxes, even though i'm sure to get money back.

timmyrotter
02-13-2007, 02:27 PM
i just sent mine in yesterday, of course my dad came and told me hours later that he can no longer claim me as a dependent, cause i made too much money. (funny... i dont think i made TOO much money :) ) but since i wrote in that someone could claim me, i may get them back in a month, only to have to send them back again, lengthening an already long process.