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Thread: Tax Refund/What's going in your wallet?

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  1. #1
    It's good to be boosted JennB's Avatar
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    1) If you do your taxes correctly, all websites/programs should give you the same result.

    2) You don't have to pay in because you made too much, you have to pay because you had too little withheld. You can have to pay and make $20K or $200K. It all depends on how you filled out your W-4.
    2005 Mazdaspeed MX-5 -1.8L Turbo

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    Ghost AirMax95's Avatar
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    Quote Originally Posted by JennB
    1) If you do your taxes correctly, all websites/programs should give you the same result.

    2) You don't have to pay in because you made too much, you have to pay because you had too little withheld. You can have to pay and make $20K or $200K. It all depends on how you filled out your W-4.

    Can you explain what people mean when they say, "I can get you more" or "We can maximize your return"? I hear it all the time, but never figured out if what they do is use legal loopholes or illegal practice.

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    MarJaC RacN Paree4g63's Avatar
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    Quote Originally Posted by AirMax95
    Can you explain what people mean when they say, "I can get you more" or "We can maximize your return"? I hear it all the time, but never figured out if what they do is use legal loopholes or illegal practice.
    So called *some tax preparers* can add in all your gas expenses and food expenses all into your refund somehow. I've never done that with H&RBlock but I don't know if that's legal or not. Every tax preparer does things their own way, that's why I get confused when people can extract more out with a different tax preparer. You can go around and try out different tax preparers and I'll guarantee you some will give you more or less.

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    Freezing in Canada!
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    Some of you might find this amusing... I live in Canada and my folks live in GA

    I made 163XXX$ last year and between federal and procincial taxes, unemployment insurance, and Canadian pension plan contributions (All the above are mandatory and come off your paycheque before you get it)... I was taxed 51XXX$

    Fed tax is 27% and provincial tax rate is 10%... I'm only 24 years old and the GOV is stealing all my money.

    I expect to get 1500-4000$ back at most.

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