Tax season is the only time that working a crappy retail job with lots of student loans actually pays off. I'm getting $500 back and I still haven't figured out how to treat myself but I'm going to get myself something nice for once and not just use it to pay bills.
I got $1 back, which is about as it should be. If you are getting a huge refund, you should adjust your withholdings. Then you can have that money throughout the year as you should. Otherwise you're just letting the government borrow YOUR money interest-free.
Toward the many members touting the virtues of not getting a return... I understand the concept that you should only withhold the minimum, tax free loan to govt, etc etc. I'm an accountant, I work at a CPA firm with free access to wealth management services, I get it. But given that my return would have yielded me approximately $8 in interest in my savings account, and this method equals forced savings that I don't have to think about... I prefer getting a nice return.
Oh, i usually get just enough back from the fed to pay off the state. But last year i farted around with a roth 401k so my pre- and post-tax withholdings were out of whack. I should probably rebalance soon...
Gravity works, and the laws of physics are a bitch.
Years ago I used a tax refund to purchase a custom Passier saddle. Got really lucky that year. The German Mark went down while the US Dollar went up and I paid about $500 for a saddle others paid about $1000 for before and after me. Will keep that saddle forever.
Have since modified withholding so I have better control of my money.
Anyhow it is your money, use it wisely. . . And new field boots is very wise
"Never do anything that you have to explain twice to the paramedics."
Courtesy my cousin Tim
Mine (just a couple hundred dollars since I'm still in college) is going towards a new saddle! Between that, babysitting money from the past few days, and what I'll hopefully get when I sell my current saddle, I almost have enough!
This is the first time (due to life changes) and last time (because I am now an IC) that I will ever get one. It is a decent chunk of change (relatively speaking) and couldn't have come at a better time. My guy got ankle and hock injections for the first time in his entire life and DD's pony got kissing spine, lumbar and SI injections. And, poof, the refund was gone!