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Oh Boy, Tax Refund!

Discussion in 'Sidewinders Bar & Grille' started by oatsoda, Mar 10, 2019.

  1. oatsoda

    oatsoda Puck of Paradox Strat-Talk Supporter

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    YEAH!

    Got a tax refund coming!

    Yup, going to do the sensible thing and put a little in the TFSA, then the bulk of it to the family trip to England this summer, but there will be some left for pure and selfish frivolity. Maybe some surf green frivolity? Maybe some glowing tube frivolity? Oooh, I savour the possibilities...

    Not enough blue guitars in the shack either, that could bring balance, blue with flowers maybe.
     
    3bolt79, Robins, velvet_man and 6 others like this.
  2. simoncroft

    simoncroft Dr. Stratster Strat-Talk Supporter

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    Why not? It was your money in the first place. :D
     
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  3. Chont

    Chont Most Honored Senior Member

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    Nice.

    Enjoy

    I got like a hundred kids so we did alright. Had to pay down some debt but that's ok.
     
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  4. CephasG

    CephasG Strat-O-Master

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    Ah, you are lucky! Congrats :)
    I owe this year :( mostly because I couldn't deduct my property taxes and the interest on my mortgage loan.
     
  5. circles

    circles Most Honored Senior Member Strat-Talk Supporter

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    Shoot I got to get on that....
     
  6. ukoldgit

    ukoldgit Senior Stratmaster

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    Any win from the Tax man is reason indeed to celebrate:thumb:
     
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  7. simoncroft

    simoncroft Dr. Stratster Strat-Talk Supporter

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    I really don't envy you guys the US tax system. My brother's been living in California for a couple of years and he had to enlist two accountants to file his tax returns, one to handle his US income and another for the small amount of revenue he still gets from the UK. He reckons it cost him a fortune!
     
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  8. Paperback Rocker

    Paperback Rocker Nitro-mancer Strat-Talk Supporter

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    My taxes took about five minutes. Most of the people in the US file as I do.
     
  9. Stratoman10

    Stratoman10 Most Honored Senior Member Strat-Talk Supporter

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    I'm scared to do mine
     
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  10. Chont

    Chont Most Honored Senior Member

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    We have our set up so that i don't get much deducted so i'm not giving the the Feds a loan and with the child tax credit we do well at the end. Can't complain.

    I live in PA and work in NYC so i get all the NY tax back as well which makes me happy. Wouldn't want to give them a dime.
     
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  11. CB91710

    CB91710 Strat-Talker Gold Member Strat-Talk Supporter

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    The only reason I couldn't deduct mine was because they no longer exceed the personal exemption.
    Overall, I made $5k more, and paid $400 less. My week to week was a bit larger, so my refund was $1000 less, but overall I saved a fair amount.
     
  12. pazman6

    pazman6 Senior Stratmaster

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    I have done my taxes myself for the past 30 years. This year I am getting a smaller chunk than normal - the new tax law withholding changes made them much more accurate. The good news was that the new tax law changed my effective federal tax rate from 22% to ~19.5% - a pretty nice savings.
     
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  13. thomquietwolf

    thomquietwolf Most Honored Senior Member Strat-Talk Supporter

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    Going to pay for this years irrigation water...
    Oh Boy
    :oops:
     
  14. Bowmap

    Bowmap I Nose A Thang or Two Gold Member

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    Oh the anxious anticipation. I will be handing my data over to the CPA this week.
     
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  15. tery

    tery Most Honored Senior Member Strat-Talk Supporter

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    They pay you to pay taxes :confused: … cool !
     
  16. Alan Crossley

    Alan Crossley Strat-O-Master

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    How much “we got to share” amongst our best friends?:rolleyes: Spent, Spent, Spent :D
     
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  17. oatsoda

    oatsoda Puck of Paradox Strat-Talk Supporter

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    I file in Canada, but also have to file in the U.S., although I have not worked there since 2000. Not getting political, just saying their tax system is more far reaching than is either friendly, or reasonable.
     
    Last edited: Mar 10, 2019
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  18. oatsoda

    oatsoda Puck of Paradox Strat-Talk Supporter

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    I had a bunch of years like that too, where I was waiting for that check just to break even. Hang in there, hopefully lots of low hanging fruit just ahead!
     
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  19. Yaralag

    Yaralag Senior Stratmaster Strat-Talk Supporter

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    Already got it, already spent it. It paid for the Rain Soft water filtration system in my new house.
     
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  20. ido1957

    ido1957 Senior Stratmaster

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    When I got laid off last March I socked half my severence into RRSP's. So I get a fairly substantial refund this year. Since I'm retired and have no income anymore, a lot of that refund will pay for house taxes. I'll keep the rest in my rainy day fund. If you own a house you'll know what I mean. Guess next year I'll have to draw on my RIF for stuff like that.
     
    duzie likes this.
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