Texsox Posted February 5, 2009 Share Posted February 5, 2009 Folks, just a reminder, those cash advances are a rip off. Higher interest rates than taking a cash advance on a credit card and with direct deposit, you will have your money back in a couple weeks. Quote Link to comment Share on other sites More sharing options...
RockRaines Posted February 5, 2009 Share Posted February 5, 2009 (edited) Luckily I own a house otherwise I would owe a s***ton to the gov. My almost 20k in deductions helps. Edited February 5, 2009 by RockRaines Quote Link to comment Share on other sites More sharing options...
LittleHurt05 Posted February 5, 2009 Share Posted February 5, 2009 Owning a house is definitely nice come tax season (i guess, having a mortgage is what helps the most) especially nice to receive a huge refund check at the same time that 1st installment property taxes are due... Quote Link to comment Share on other sites More sharing options...
RockRaines Posted February 5, 2009 Share Posted February 5, 2009 QUOTE (LittleHurt05 @ Feb 5, 2009 -> 03:59 PM) Owning a house is definitely nice come tax season (i guess, having a mortgage is what helps the most) especially nice to receive a huge refund check at the same time that 1st installment property taxes are due... Oh yeah. Just lost a point on refinancing as well!!! I love the prop tax bill day. Quote Link to comment Share on other sites More sharing options...
Iwritecode Posted February 5, 2009 Share Posted February 5, 2009 Mine are done and sent out. I'm just waiting for the direct deposit to hit my account now. I'm getting around $2000 back this year between state and federal. Last year I got back every single dollar I paid in. This year I had to paid a total of $64. The rest is being refunded to me. Mostly because of the $3000 tax credit I get for my kids. Quote Link to comment Share on other sites More sharing options...
kapkomet Posted February 6, 2009 Share Posted February 6, 2009 I have a s***ton of money coming back, which is nice because of not having a job. Quote Link to comment Share on other sites More sharing options...
Reddy Posted February 6, 2009 Share Posted February 6, 2009 had 7 jobs this year, and my W-2's and 1099's cancel each other out. lol Quote Link to comment Share on other sites More sharing options...
santo=dorf Posted February 6, 2009 Share Posted February 6, 2009 I plan on getting close to $7500 interest free loan with the return this year. I don't expect too much back in other returns. Quote Link to comment Share on other sites More sharing options...
santo=dorf Posted February 7, 2009 Share Posted February 7, 2009 If you buy something from a charity, is it tax deductible? I bought a couple of the legacy bricks from the Sox. Can I write that off? Quote Link to comment Share on other sites More sharing options...
Texsox Posted February 7, 2009 Author Share Posted February 7, 2009 QUOTE (santo=dorf @ Feb 6, 2009 -> 08:28 PM) If you buy something from a charity, is it tax deductible? I bought a couple of the legacy bricks from the Sox. Can I write that off? Generally speaking the organization has to be a 501©3 charity for your purchase to be tax deductible. Not all not for profits are charities. Your deduction is the net between what you paid minus any goods or services you received in return for your donation. The example is if you bought a mountain bike at a charity auction, the deduction would be what you paid less the retail value of the bike. Often times, strictly speaking, very little is actually tax deductible. Even the rubber chicken or BBQ from the dinner would be deducted from your contribution. Most charities will send you a letter detailing what portion of your gift is deductible. On large gifts you would be required to obtain the fed tax id number of the charity. Welcome to my world. Would you also like to make a donation to the Rio Grande Council, Boy Scouts of America? I kicked off my annual Friends of Scouting campaign a couple weeks ago and am way behind last years numbers. Quote Link to comment Share on other sites More sharing options...
santo=dorf Posted February 7, 2009 Share Posted February 7, 2009 I'm a united way guy, but this year I was going to make a nice donation to my college or high school. We'll what happens with the market. Quote Link to comment Share on other sites More sharing options...
DABearSoX Posted February 10, 2009 Share Posted February 10, 2009 Waiting for my DD - 1800 back from fed/state - too bad it all goes to my credit cards... Quote Link to comment Share on other sites More sharing options...
SouthsideDon48 Posted February 10, 2009 Share Posted February 10, 2009 I'm getting $1,900 back from federal and $200 back from state. Whoo-hoo! It's all going to be pretty much going towards savings for a newer car, though. I will probably only spend $100 of it on something. Quote Link to comment Share on other sites More sharing options...
Texsox Posted February 10, 2009 Author Share Posted February 10, 2009 QUOTE (santo=dorf @ Feb 7, 2009 -> 11:37 AM) I'm a united way guy, I do about 40-50 appeals a year for my local United Way. Quote Link to comment Share on other sites More sharing options...
BigSqwert Posted February 10, 2009 Share Posted February 10, 2009 Getting a huge return but it's all going to pay off the wedding tab. :/ Quote Link to comment Share on other sites More sharing options...
Iwritecode Posted February 10, 2009 Share Posted February 10, 2009 QUOTE (santo=dorf @ Feb 7, 2009 -> 11:37 AM) I'm a united way guy, but this year I was going to make a nice donation to my college or high school. We'll what happens with the market. I've always been pretty indifferent to most charities but the United Way really turned me off when they decided to quit giving money to the local community center where I grew up playing baseball in the summertime. My youngest daughter plays there now. They nearly went under because of it. Quote Link to comment Share on other sites More sharing options...
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