2006 Tax Return Thread [ Post your estimated refund/amount owed ] Post back later when you file

[Feldenak]

~$650 federal
Owe the state ~$25

 

[AmigaMan]

2100 Federal, not sure about state. Was able to deduct college expenses for my wife which really shot up the refund amount. Previously we were only getting around $500 back.

 

[FP]

Federal: $5500 refund
State: $900 refund

 

[maddogchen]

i think i owe 1229

 

[Praetor]

Getting a whopping $125 back from federal/state. It beats owing $2k last year.

 

[tbike06]

$518 federal
CA $52
UT $92

 

[Midlander]

Originally posted by: iamwiz82
$4637 for Federal and just under $900 for state, whoops

We forgot to change our witholdings from Single to Married.

I hope you don't forget Valentine's Day, too.

 

[CTrain]

Amazing.
31 posts and no comment from the tax refund nazis yet.

Anyway, I'll get near $2700.
Usually I get under $1K but I get to itemize this year and I get to deduct the loss of my car...~$8K.

 

[Imported]

I estimate about $900 back total.. I hope. :\

 

[igowerf]

Federal - $651
State - $81

 

[chuckywang]

Originally posted by: tfinch2
Finished my return - refund is $268.

Nice! That's about as close to 0 as you can get.

 

[getbush]

23 years old and 0/0

 

[InverseOfNeo]

Fed: ~350
CA: ~20

Thought I was going to get more from the Feds, but I forgot about a settlement I got that didnt get anything withheld from it.

 

[Penth]

Refund:
$727 Federal
$170 UT

Edit: I filed on February 1.

 

[MrManly]

Back from the Feds: 2750
Back from the State: 1700

Time to up my allowances from 9 to 13 maybe.

-MrManly

 

[iamwiz82]

Originally posted by: Midlander

Originally posted by: iamwiz82
$4637 for Federal and just under $900 for state, whoops

We forgot to change our witholdings from Single to Married.

I hope you don't forget Valentine's Day, too.

Nothing to forget. We are making dinner and watching TV. I am romantic, eh?

 

[BigDH01]

How do you guys get such high refunds? Is it children, marriage, or home ownership? I've recently graduated from college, live in an apt, no children, and am not married. After deducting interest paid on student loans, I get ~80 federal and ~20 state in refunds. I actually owed when not figuring in student loan interest. I don't make all that much, but the cost of living in my area isn't that high. I'm also paying tuition for grad school.

 

[GasX]

My wife and I will owe significantly more than most people here make in a year...

It revolves around her ownership of a company. The corporate structure's tax implications are such that each year around this time she takes a HUGE cash distribution which we then turn around and give to Uncle Sam in its entirety.

It sucks writing that fat check, but ultimately, the company should get sold and daddy gets a new pair of shoes...

 

[jlmadyson]

Refund amount 1,718

We filed on January 26th and was accpeted that day. The refund was scheduled for deposit on the 9th, was in the bank on Tuesday morning, 2/13.

 

[b0mbrman]

Refund will be $0...or negative, depending on how you look at it as I owe money...which I will draw from my 5%+ savings account and pay as close to the due date as possible :thumbsup:

I'm sad that I don't get any free money from the government this year

 

[j00fek]

man all of you that get lots back must not get paid that much

or have some kidz

 

[ISAslot]

Negative $600. The gov. wants part of my savings interest.

 

[iamwiz82]

Originally posted by: j00fek
man all of you that get lots back must not get paid that much

or have some kidz

Deductions. We had just under $30,000 in them.

 

[BigDH01]

Originally posted by: iamwiz82

Originally posted by: j00fek
man all of you that get lots back must not get paid that much

or have some kidz

Deductions. We had just under $30,000 in them.

How did you get 30k in deductions? Was it mostly children, home, medical? I need to learn how to get these huge refunds .

 

[iamwiz82]

Originally posted by: BigDH01

Originally posted by: iamwiz82

Originally posted by: j00fek
man all of you that get lots back must not get paid that much

or have some kidz

Deductions. We had just under $30,000 in them.

How did you get 30k in deductions? Was it mostly children, home, medical? I need to learn how to get these huge refunds .

No kids and not enough medical deductions. It was mostly in the house, property taxes, lots of donations, personal deductions, student loan interest, etc.