Tuesday, February 2, 2010

Tax Return

I filed my taxes on Sunday night while doing laundry and watching the Grammys. I used TaxACT and did a free Federal E-file and paid $14.95 to file my CA state taxes...because I'm lazy. My taxes are so easy: it's just my wages, some interest income from my savings accounts and a little bit of miscellaneous income from surveys I do throughout the year.

Like most PF bloggers, I try to break-even on my taxes but at the end of the day I would rather get a small refund as opposed to owing the government some money. I'm receiving a total of $525 back on my taxes this year, most of which will go towards savings.

Side note: I was able to sign-up for free e-mail/text message notifications from TaxAct about my tax return, so the morning after I did my taxes I was told that they had been received by the federal and state agencies. How neat!

What are you going do to with your tax return money this year, if you get a refund?

5 comments:

WellHeeled February 2, 2010 at 8:31 PM  

Save it! I hope I will get a tax refund this year.. the money would come in handy.

Revanche February 4, 2010 at 5:25 PM  

I'm hoping to owe that if I have to owe, it'll be to the state because I don't want to get stuck with an IOU "refund". :P Silly, no?

Monroe on a budget February 6, 2010 at 7:52 PM  

Hopefully I'll get a second-hand SRL digital camera. I haven't had a "real" camera in almost three years. Used prices for equipment comparable to what I used to have on film setups are finally starting to be reasonable.

HighClassLowIncome February 6, 2010 at 9:02 PM  

I wish I used TaxACT! My taxes are a little more complicated though and I had 3 w2s this year! You are doing great on your savings goals btw

Canadian Saver February 6, 2010 at 9:26 PM  

With your bonus and your tax refund, you're really getting windfalls lately!

I should be getting between $400-$600, and I plan to put it to my travel fund.

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