Hellobee Boards

Login/Register

Tax refund plans

  1. brownepiano

    persimmon / 1467 posts

    We usually don't get a return, but wind up getting to keep some of what I set aside for self employment taxes. All the extra is going into my new piano fund.

  2. skipra

    pomegranate / 3350 posts

    I have no idea how much we'll get but DH is also due a sizeable bonus so our plans are to fund my IRA and to set the rest aside for some work we need to do around the house.

  3. hummusgirl

    persimmon / 1233 posts

    Paying down debt, mostly. We're expecting a pretty big refund so we're going to finish paying off DH's student loan and put a lot toward our second mortgage. And we also owe on our property taxes because we've been underpaying since we bought a couple years ago and it hadn't adjusted yet. Gahhh adulting. There was a time this would all be fun $$.

    Also hoping to save some for a trip to visit my sister in Canada slash move there when our country implodes.

  4. 808love

    pomelo / 5866 posts

    First year ever we will owe....a few hundred dollars. So no play for me!

  5. MrsKoala

    cantaloupe / 6869 posts

    It will either go towards daycare or the kids' college funds.

  6. MrsSCB

    pomelo / 5257 posts

    @sapphire: We usually owe, and this is what I try to tell myself while paying it, haha.

  7. MrsBrewer

    coconut / 8854 posts

    Paying off one of our student loans, most likely surgery on one of our dogs 😢, then savings if there's anything left.

  8. Boogs

    hostess / papaya / 10540 posts

    We do our taxes tomorrow! It will go in the savings and probably eventually go towards a new car for me.

  9. AmandaB8

    clementine / 849 posts

    We need to buy a new stove because ours is trying to explode on us...anything left will be to pay off credit cards from when I was laid off last year.

  10. Modern Daisy

    grapefruit / 4187 posts

    I'm excited already for 2018! If either version of the Trump/house reforms get pushed through it will not only be huge for the average family but people who pay for childcare are finally going to get a break. Also if any of you own a c or s corp your business income taxes will be 15%!

  11. pwnstar

    pear / 1718 posts

    @Modern Daisy: It will actually cost many families more (of the families who are elegible-not everybody is). Many articles have discussed this issue:

    The trade-off is that Trump's plan calls for repealing personal exemptions for taxpayers and their dependents as well as the head of household filing status.

    If that happens, single parents with dependent children and most married households with at least three dependents would pay more in federal income taxes (according to Batchelder's analysis, even with Trump's child-care tax breaks).

    https://www.google.com/amp/www.cnbc.com/amp/2016/12/01/trumps-plan-to-help-middle-class-using-child-care-tax-breaks.html?client=safari

  12. gotkimchi

    nectarine / 2400 posts

    @pwnstar: interesting article I haven't seen that table before!

Reply

You must login / Register to post

© copyright 2011-2014 Hellobee