I would owe, but education credits push me into a refund.
I would owe, but education credits push me into a refund.
getting one and I didn't work at all this year. I did pay rent and for school supplies though.
I owe every year.
Grinds my gears to cut checks for thousands of dollars...
Then liberals say I should pay more.
I'm self-employed.
That means I don't do withholdings... pay twice as much FICA and have to cut a check every 3 months based on my estimated earnings.
It isn't until the very last check that I know exactly what my liability for the year is... and if I've overpaid I get mad because the government has forced me to give them an interest-free loan. If I've underpaid I get mad because I hate cutting those fucking checks and having to cut an even LARGER one is absurd.
My main beef is the fact that the government decides it can't wait for one large check from me once a year. No. They just have to get their money quarterly... never mind the fact that my earnings are unpredictable and estimates are almost always wrong in one direction or another. Nevermind the fact that it would eliminate over/underpayments or save me a lot of time.
No, they want their money as soon as possible. But they'll take their sweet-ass time giving it back if it's owed.
I kind of wish I was in a tax bracket that didn't get a refund...
I'm living in Spain and here they still owe me 2600 Euros tax refund from last year + interests on the late refund which would put it to about 3000 euros by now. Legally they should have paid my refund by the 31'st of December last year. I'm not the only person I know who is still waiting for his refund (funny enough we all tend to be small buisness owners). And I have a faint feeling that this year they are about to do the same to me, might need a class action suit if they keep this shit up.
Looks like we'll be getting somewhere around 2-3k back this year. Spent a boatload on health insurance so we get some of that back, plus I have my federal set to "single" and one dependant and my state to Married and no dependants.
I'm in Canada and will be getting a refund of around $27,000. But this is only because I've been waiting for a few years to use my RRSP contributions. Last few years I've owed between $700 and $1200.
Getting pretty much a full refund of what I paid.
She qualifies for the children tax credit and it's around 1k/child at least in my state. That and if she doesn't have a job she might also qualify for the "Hey I'm poor" tax credit as well. If you make under a certain amount then you get massive amounts back (it was up to 3K). We actually were $8 away from qualifying for the "poor" credit. Not that we are by any means poor but we do have 1 child and 1 income right now.
Those who do not learn from the past are doomed to repeat it.
Melodi, Resto Druid