W-2, What you gonna do? Options

[ExSane]

Hey guys. I'm soooooo freakin happy I got my W-2 Tax Return Papers! I'm gonna get atleast $2800 back! Just wondering what you guys plan on doing with the money if you don't mind sharing. As for me, I can FINALLY finish my special project!

[BLINKYxMUNKEY]

Still waiting on mine. Hopefully at the end of this month. Probably buy a new lense or another Nitro RC Car.

[Jen]

I'm only getting like $700 back.. and it's going straight towards credit card debt and medical bills.

[devilsden97]

havnt decided yet...it might just go in the bank for a rainy day....idk

[creis]

maybe new motor for the celica, then save the rest, but idk.

[block]

Hey guys. I'm soooooo freakin happy I got my W-2 Tax Return Papers! I'm gonna get atleast $2800 back! Just wondering what you guys plan on doing with the money if you don't mind sharing. As for me, I can FINALLY finish my special project!

how in the world did you get 2800 back?...that's insane dude...most i ever got back was 600...

anyone know what claiming yourself and not claiming yourself mean?...this yr im going to the library to get some papers to do mines and see how much im getting...ugh

[creis]

^ i think it means/relates to; that a single person can only be clamed once, so if your parante clame you or a wife/husband clames you you cant then clam yourself on your taxes. the more people you clame the more money you get back, so in a marrage the person with the biggets return posiblity would want to clam both people then the other person clames no one and gets a small return.

(just what I think, may not be right)

[IdiotStick]

I'm supposed to be getting approx $4,000 back. Thats gonna pay for the rest of the car, possible Carlos sainz front end, then start saving for a new toy. When I get that 4 grand things are gonna start lookin up!

PS: The reason why I am getting 4 grand back, is because of school. I was able to deduct so much from my income taxes within the first 5 years, with a cap of I think 4800. Depends on how much I worked. last year I didnt work very much, and only received 700$ back. This year Ive put in hella more and will be able to receive the full 4 grand back.

This post has been edited by IdiotStick: Jan 13, 2007 - 6:35 AM

[sinner96ST]

dont know how much i'm getting back, but i'm dumping it all in to my bike.

i need a 520 conversion kit, speedohealer, and a new undertail to get rid of my ugly stock kit.

[NgoFcukinWay]

most goes towards the Celica when I get it. the rest is saved for emergencies.

[LewFX]

ill be lucky to get any money back this year

[bojangles_8686]

Snowboarding stuff

[DSToyo]

ive gotta pay them

[slvr_celica_GT_8...]

well im only 17 and i only work like 20 hours a week cuz of school and stuff so im probaly only gunna get back like 400 cuz ive only worked at my job for like 6 months lol, but ill probaly put it towrds my new panit job or save it for the wrx sti that im getting after i graduate in april lol.

[Culpable04]

I have to pay money back I don't get a break

[Mynzeyes]

1) Credit cards
2) Recently acquired car payment
3) Pay girlfriend back 800 dollars
4) Care Credit (dentist visits)
5) Spec V parts.

I have a huge list of things I could do. I have no idea what I'm gonna get back though.

[Rockford]

what is that payment???? someone could explain to me??? (just curious)

[Mynzeyes]

what is that payment???? someone could explain to me??? (just curious)

Throughout the year, citizens in the United States pay federal taxes, along with other fees, that come out of their paychecks.

Depending on the wages earned, amount paid in, and other various things, such as deductions(school, donations, dependents, etc), you get a certain percentage of the federal taxes withheld.

Sometimes you get 100% back, generally if you are a dependent, and are in school, etc. Sometimes you owe the government money, if you have your own business, or were unable to pay in enough, due to your hours worked versus wages earned (sometimes happens to servers in restaurants, as they only earn $2.13/hour, generally).

Anywho, so you "file your taxes", i.e. report what you paid in, and all your deductions, etc, then you get a payment back from the government.

It's complicated when you break it down into numbers, and how they formulate it, but that's a decent explaination of what it is.

-John-

[amysmojo]

I e-filed on the 12th & Im getting about $900 direct deposited any time between now and the 26th. Its mostly going to bills though... bleh! But im going to use a little bit of it for my tat . . . cause its only gonna cost like $60

[Benevolence]

like christmas time for me