Are you getting ready to file your taxes? I am, in fact I've already filled out almost everything for filing my federal taxes. That state taxes will have to wait since the information for that isn't out yet. I don't know how single people without dependents are able to get $2,000 - $3,000 back every year. I can barely do $1,500!
I'm not filing taxes til about March/April 2013. Since by then I should have all my financial info so that I can file them correctly.
Yes I like to work my paycheck so that I get a refund every year. To me, it comes in handy when I want to pay something off or put it in savings. I haven't decided what to do with it yet. I may put it in my savings account until I'm ready to pay something off.
What's really got me is that when the military is deployed, then our income isn't taxable. So it's a bit weird about filing taxes... The government actually lets the IRS know that we're deployed but it's still an unusual way to file taxes...
Filing Taxes
November 28th, 2012 at 02:53 am
November 28th, 2012 at 03:42 am 1354074131
Financially, it is much wiser not to loan the government money and reduce the amount you have withheld, so as not to get a large refund. This year you probably have less being withheld, if any depending on your deployment date, since you don't have taxable income. Look closely at each month's LES.
November 28th, 2012 at 03:51 am 1354074687
so i do know roughly how much i'm gettin back already if nothin changes. i know it's not a good idea to "loan" the government money, but this is a way for me to make sure i temper myself when it DOES come down to money. i use to have a lot of financial issues (which since getting separated i find that i don't have that many issues financially anymore lol) & the refund was something that was always a good thing IF i got one. it'll just take a while to get out of the habit...