$5100

[Tiggerlover91]

That's what DH, DS, and I are seeing from Uncle Sam! WHOA!! Guess it was a good thing I lost a bit of money last year when I lost my job at Ruby's. We also got money back for buying a new car AND for something called MAKING WORK PAY. I believe that was it. $800 we got for that. I tried Medical deductions, but didn't meet that, no big deal. So...says money should be in our account by Feb 12th. We've usually seen it a bit earlier than 2 weeks. As early as one. ((crossing fingers)) Anyone else get an unexpected big refund? Last year we only saw $3200. However, we did make $3000 LESS this year with the changing of my jobs.

 

[jekajekalynn]

We're getting about that this year. We usually get about 2-3k, but we got twice that this year do to some 'life changes' as they call it in tax terms.

We're gonna pay off the last of our credit debt we have , put half of the remaining in savings and the other half going on some major shopping sprees to get some stuff we need (and have needed for a few months now) .

 

[Tiggerlover91]

We're getting about that this year. We usually get about 2-3k, but we got twice that this year do to some 'life changes' as they call it in tax terms.

We're gonna pay off the last of our credit debt we have , put half of the remaining in savings and the other half going on some major shopping sprees to get some stuff we need (and have needed for a few months now) .

Sounds like a GREAT idea! We don't have any credit card debt, but I would like to clear out some hospital bills. Just too many!

 

[minkydog]

Way to go! $5100 would be a great problem to have.

 

[AristocatFan]

Wish we were. DH did our taxes today. We had to pay $99 to Federal and we're getting $100 back from State. So basically it's a wash for us this year.

 

[Tiggerlover91]

Wish we were. DH did our taxes today. We had to pay $99 to Federal and we're getting $100 back from State. So basically it's a wash for us this year.

 

[Meriweather]

I wish....haven't done our taxes yet. After last year, almost afraid to
We had to pay a LOT!!
It has to be better this year.

 

[ColinCodyMom]

That's what DH, DS, and I are seeing from Uncle Sam! WHOA!! Guess it was a good thing I lost a bit of money last year when I lost my job at Ruby's. We also got money back for buying a new car AND for something called MAKING WORK PAY. I believe that was it. $800 we got for that. I tried Medical deductions, but didn't meet that, no big deal. So...says money should be in our account by Feb 12th. We've usually seen it a bit earlier than 2 weeks. As early as one. ((crossing fingers)) Anyone else get an unexpected big refund? Last year we only saw $3200. However, we did make $3000 LESS this year with the changing of my jobs.

Congrats. We're getting a big chunk back too. Just curious, but did you use TT or Tax Act or did you have someone prepare them? I used TT for the first time and now I'm worried about if they are legit. I've seen people questioning the amounts, mostly those who owe! Congrats again!

 

[Piecey]

We (well, DH) got that Marking Work Pay thing. I thought it was bizarre, I'm still not sure why we got it. Maybe I shouldn't have trusted TurboTax but I did so I didn't read anything about it

We only got $550 from it, though. DH got the Veteran $250 stimulus, which they deducted from the $800 total credit.

We bought a new car, too. Had a baby. Put in a new furnace/AC (high-efficiency) so it's a pretty good year for us, too.

 

[Tiggerlover91]

Congrats. We're getting a big chunk back too. Just curious, but did you use TT or Tax Act or did you have someone prepare them? I used TT for the first time and now I'm worried about if they are legit. I've seen people questioning the amounts, mostly those who owe! Congrats again!

I used TURBOTAX last year and this year and have never questioned them since my returns are accepted by the IRS fairly quickly. I filed on Friday and the site said that within 48 hours the IRS would accept, that would be Sunday, but I got an email today saying it was accepted and that there's nothing else for us to do. Just wait for return to be deposited on Feb 12th. Usually get it earlier than two weeks though. I still have to print out several more pages of our documents, but we're good to go otherwise.

 

[JOCAmom]

Congrats! Isn't it a nice surprise when you get back more than you expected.

Our refund is a little less than yours but a 1000 more than I first figured. Most of it going towards things for house that we've been putting off but a little is going to our vacation fund for our trip this year. Staying at POR for the first time and we are pretty excited.

And we've used TurboTax in previous years and never had a problem. Even when we've had a more complex return to file. Usually accepted within 48 hours and our refund deposited in a week or 2.

 

[ColinCodyMom]

I used TURBOTAX last year and this year and have never questioned them since my returns are accepted by the IRS fairly quickly. I filed on Friday and the site said that within 48 hours the IRS would accept, that would be Sunday, but I got an email today saying it was accepted and that there's nothing else for us to do. Just wait for return to be deposited on Feb 12th. Usually get it earlier than two weeks though. I still have to print out several more pages of our documents, but we're good to go otherwise.

Thanks for the reply on that. I did mine last Sunday and it was accepted a few hours later. Ever since then, the where's my refund status hasn't changed and is still being processed. There isn't a set deposit date and I didn't know if it was because I used Turbo Tax or what. I even went back and double checked everything and got the same numbers. I inputed in Tax Act a few minutes ago and it's still a big amount refunded.

And we've used TurboTax in previous years and never had a problem. Even when we've had a more complex return to file. Usually accepted within 48 hours and our refund deposited in a week or 2.

Good to know. I hope WMR site updates soon. This is stressful!!

 

[Tiggerlover91]

Thanks for the reply on that. I did mine last Sunday and it was accepted a few hours later. Ever since then, the where's my refund status hasn't changed and is still being processed. There isn't a set deposit date and I didn't know if it was because I used Turbo Tax or what. I even went back and double checked everything and got the same numbers. I inputed in Tax Act a few minutes ago and it's still a big amount refunded.

From what I just read in my email, you're to give the IRS 72 hours before checking their website for your refund status. However, it's been nearly a week for you so from what I understand, you're to see if your deposit is in on Friday. (that's when the IRS sends deposits) So that would have been yesterday for you. If not, then it's supposed to be deposited THIS Friday coming. If still no refund,then you're to call them directly. Turbo Tax DID give me "set" deposit date, so to speak. No guarantee, but it's based on some type of IRS cycle. Still being processed means just that. However once it's deposited I think you'll get some message to that effect. Good luck!

Have you checked your account for a deposit? Maybe it's happened since then. I mean yesterday was Friday and the IRS does all direct deposits on that day.

 

[Metro West]

Way to go! $5100 would be a great problem to have.

Yeah...no doubt. I'm getting back about $500 less than last year but my property taxes went down quite a bit so I think that had something to do with it.

 

[dejr_8]

Letting "Uncle Sam" have an INTEREST FREE LOAN of your money is not smart. You ARE NOT GETTING money from "Uncle Sam". He is letting you have your money back.

Be smart - adjust your withholding so that you get that $100 EVERY week as opposed to having to wait a year to get it back.

If you look at your tax return as a "savings plan" then set up an automatic investment plan with a mutual fund deducting the $100 every week so at least you get interest on the money.

I make sure that I get back as little as possible. A better case is to owe "Uncle Sam" at the end of the year. Then YOU GOT and INTEREST FREE LOAN from him!!!

 

[DisneyFirefly]

I did my taxes yesterday morning, but I haven't filed yet. I'm waiting to see if I get a tuition statement from my college (I withdrew, but was too late to get a refund, so I have no idea if I'll get a form) and a 1099-INT from my bank. If I don't get them in a week, I'm just gonna go ahead and file

But due to a job loss and finally qualifying for the Earned Income Credit, I'm getting back $1300, which is the most I'll have ever gotten. I only had an income of $7k last year. I wish I was kidding

 

[mtdevine615]

Yeah but that interest that you're getting from the bank is only around 1% on a simple savings account. If you have a hard time saving as a lot of people do it's better for Uncle Sam to do it for you. Congrats on the big return. Spend it wisely.

 

[Art 1]

Letting "Uncle Sam" have an INTEREST FREE LOAN of your money is not smart. You ARE NOT GETTING money from "Uncle Sam". He is letting you have your money back.

Be smart - adjust your withholding so that you get that $100 EVERY week as opposed to having to wait a year to get it back.

If you look at your tax return as a "savings plan" then set up an automatic investment plan with a mutual fund deducting the $100 every week so at least you get interest on the money.

I make sure that I get back as little as possible. A better case is to owe "Uncle Sam" at the end of the year. Then YOU GOT and INTEREST FREE LOAN from him!!!

Lots of people don't understand that concept.

 

[clarabelle]

Even if you get the concept -for the average tax payer the amount they are losing in interest in negligible. Especially now

Also many of these people had life changes that they could not predict.

 

[ICF]

Letting "Uncle Sam" have an INTEREST FREE LOAN of your money is not smart. You ARE NOT GETTING money from "Uncle Sam". He is letting you have your money back.

Be smart - adjust your withholding so that you get that $100 EVERY week as opposed to having to wait a year to get it back.

If you look at your tax return as a "savings plan" then set up an automatic investment plan with a mutual fund deducting the $100 every week so at least you get interest on the money.

I make sure that I get back as little as possible. A better case is to owe "Uncle Sam" at the end of the year. Then YOU GOT and INTEREST FREE LOAN from him!!!

What works for you may not work for others.......some people may have variable expenses and may need that $100 extra a week at times and not just want to send it to a savings/retirement fund. Some people like that they get 1 big check to do something special with once a year.

Besides, the ' interest' they are losing -- if kept in a liquid savings / money market account is less than $100 (assuming $5000 put in it over the year @ a 2% rate of return) and for most people if left to 'save' that money themselves would probably end of spending most of that money instead of saving it and nothing to show for it rather than be able to do something 'fun' with when they get that big refund.