 Editor in Chief Bill   | 29 Apr 2022 3:41 p.m. PST |
You were asked – TMP link How Will You Spend Your Tax Refund?14% said "savings"
11% said "bills"
7% said "minis"
6% said "vacation" 23% said "I'm not getting a refund" |
| Stryderg | 29 Apr 2022 7:27 p.m. PST |
It's not a refund, it's the change you get back after paying too much. |
| Perris0707 | 29 Apr 2022 8:26 p.m. PST |
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Dadster  | 29 Apr 2022 8:28 p.m. PST |
What's a tax return? Haven't gotten one in over 20 years…. |
| Mr Elmo | 30 Apr 2022 4:37 a.m. PST |
I do tend to use the "IRS forced savings plan" but this year was a wash between the Federal bill and State refund. You can guess which party controls what. 😀 |
| Ed Mohrmann | 30 Apr 2022 4:42 a.m. PST |
Still waiting for my 2020 refund. And now waiting for
the 2021 refund. The Treasury owes me slightly over
$2,000.00 USD And yes, the IRS has received the 2020 return. Due
to an issue many years ago, I will not file
'electronically' and always send the paperwork by
registered mail, return receipt. The IRS, according to
the return card I got in the mail, received my 2020
return on July 17, 2020. The return was mailed on
May 5th, 2020. |
| Thresher01 | 30 Apr 2022 10:06 a.m. PST |
Ha, ha, ha……………..! :-( IRS processing of paper returns IS horrendously slow, having taken about 2 years to finally get mine acknowledged by them. They're blaming the pandemic – LOL. Seems those government workers working from home aren't very efficient or fast. Yep, always send IRS filings via Certified or Registered Mail, since they seem to lose things a lot too. |
| whitphoto | 30 Apr 2022 6:10 p.m. PST |
it's going right into the savings account that we're about to empty for closing costs on our new house |
| bandit86 | 30 Apr 2022 8:55 p.m. PST |
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GildasFacit  | 02 May 2022 3:47 a.m. PST |
Here in the UK the electronic tax 'forms' are very simple to complete and you get the estimated amount you owe immediately and a full calculation within a few days. I suppose the US system is more complex but I'd have thought an electronic method would be easier for users and cost less to process – a classic win-win. |
| Mr Elmo | 02 May 2022 4:00 a.m. PST |
I suppose the US system is more complex Oh you have no idea! It's why there is an entire industry of tax preparation. 1099DIV for dividends, long and short term capital gains and losses. Prior year carryover because there is a limit. Oh for a flat tax: (Income – $X) * Y% |
| Choctaw | 02 May 2022 6:43 a.m. PST |
Tax refunds are for suckers. I would prefer to hang onto my money until the bitter end than turn over too much to the government. I know better how to manage my funds than DC. |
 etotheipi | 02 May 2022 5:19 p.m. PST |
Oh you have no idea! It's why there is an entire industry of tax preparation. There's a whole industry because people are lazy and uninterested. The real problem is the final forms for a tax year don't come out at the start of the year, but at the end. It's not strictly ex post facto, but it's on the borderline. |
| Mr Elmo | 03 May 2022 4:28 a.m. PST |
people are lazy and uninterested. So last year you played digital nomad on the sunny beaches of South Carolina for the summer. You rented your primary residence on AirBnB but the toilet backed up and some carpet needed to be replaced. This would be bad BUT due to the recovery your employer cut you a $2,000 USD bonus check for the holidays. Easy peasy! |
 Extra Crispy | 09 May 2022 11:58 a.m. PST |
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| etotheipi | 10 May 2022 4:27 a.m. PST |
So last year So you add the bonus to your income. Very difficult. |
| Ed Mohrmann | 11 May 2022 11:27 a.m. PST |
'lazy and uninterested' Nope – just tired after over 60 years of dealing with the
constant changes to the tax code, the laws dealing with
taxes and the IRS and all the 'fair share' hoopla
Flat tax is the way to go. BTW if there was a flat tax rate of, say, 10 %, I'd pay
more than I do now. |
