Comments on: Poll: It’s Tax Time – Are You Getting a Refund or Will You Owe?

By: Frugal for life

Frugal for life — Mon, 09 Feb 2009 04:38:57 +0000

I haven’t started taxes yet, first I need to find out if I made less than 56k to get the free tax filing option.

By: Shadox

Shadox — Sun, 08 Feb 2009 00:53:39 +0000

We haven’t started with the taxes – still waiting for the investment 1099s to get here, but we’re probably going to own money. We never seem to get our withholding right…

By: Velvet Jones

Velvet Jones — Fri, 06 Feb 2009 14:01:11 +0000

I got a $155 refund from the fed, but owed the state $11. :::shrugs:::

By: Foobarista

Foobarista — Fri, 06 Feb 2009 09:07:33 +0000

We’re unfortunately getting a refund. I say “unfortunately” because a partnership we’re in cratered and we’ll be getting a bunch of (active & cap gains) losses from it in our 2008 and 2009 tax years.

My wife is self employed, and we always withhold enough money from my paycheck to hit the “safe harbor” each year and pay the difference out of a tax set-aside bank account. But the losses mean we massively overshot our withholding for 08 and will get our first refund in many years.

By: thomas

thomas — Fri, 06 Feb 2009 06:40:00 +0000

I owe but am getting the homebuyer “credit” so I will be getting some money.

By: Jimmy @ Wealth Is Boring

Jimmy @ Wealth Is Boring — Thu, 05 Feb 2009 18:22:39 +0000

This is actually the first year that I owe, but it’s only to the tune of about $150. I anticipated a much larger bill, so I’m kind of looking at it as a refund and will be using the excess savings to pay down my vehicle loan.

By: Zyzzyx

Zyzzyx — Thu, 05 Feb 2009 18:02:37 +0000

Did most of the taxes last weekend, was waiting for one more 1098 form, should be submitting this weekend. Darn close to breaking even, getting just $180 back. Just the way I like it. For the last 6-7 years I’ve been within $300 either way, works just fine.

By: Webomatica

Webomatica — Thu, 05 Feb 2009 17:28:35 +0000

We owe federal but are due a state (CA) refund for approximately the same amount. *But* the annoying wrinkle is California’s budget problems which means tax refunds are being delayed. Therefore, although I have the taxes pretty much done I am reluctant to file until late March. Darned governator…

By: Rob

Rob — Thu, 05 Feb 2009 16:31:27 +0000

Haven’t started filling in tax forms yet – I think some tax docs from our banks / 401(k) will be coming in late this year.

By: Matt @ StupidCents

Matt @ StupidCents — Thu, 05 Feb 2009 16:28:30 +0000

Just got married last year, so this will be the first time we’ll be filing jointly. We both have upped our withholdings based on our past individual returns.

I’m surprised at our preliminary numbers; our return will be pretty substantial. Still waiting for a few more forms, but I think it’s safe to say we’ll be getting a refund.