Red Ring Tupperware Party, Clown Hunting (21)

gjl711 wrote in post #14015098
I have a different philosophy. If I get money back, it's an indicator I did poor planing at the beginning of the year. I would much rather keep my own hard earn pay than to stick it into a zero percent interest savings account.

I just can't plan that well, and I hate having to come up with a bunch o' cash at tax time, so I try to make sure I'm always on the other side. I do keep the refund as small as possible, though.

I did my taxes a little over a week ago. I was very surprised to find my refund checks from both State and Federal in my checking account last Wednesday. It didn't even take a full week from filing to deposit!

It helps that we pay quarterly, so we can adjust. But I always plan on paying about 1k extra so we put a little away each paycheck.

thomascanty wrote in post #14015118
I just can't plan that well, and I hate having to come up with a bunch o' cash at tax time, so I try to make sure I'm always on the other side. I do keep the refund as small as possible, though.

I did my taxes a little over a week ago. I was very surprised to find my refund checks from both State and Federal in my checking account last Wednesday. It didn't even take a full week from filing to deposit!

That's always my goal too. I hate a lot of overtime so my paychecks can fluctuate a lot.

I filed mine about a week and a half ago, but through the mail... I hope my refund gets deposited soon. I need a 17-50.

We've been using the same tax person for several years and I sat down with her once and she showed me how to lay everything out. I set up an excel spreadsheet with all the categories we need to save for, mortgage, car payments, vacation, taxes, and such. We then carve out the needed $$ up front and the rest becomes general living funds. It takes about 5 minutes a paycheck to update the spreadsheet and do the funds transfer. So far it's worked well.

And I have absolutely no clue how I would change how much income tax I pay. Other than requesting more be taken off each pay, but the equates to a bigger return.

gjl711 wrote in post #14015156
We've been using the same tax person for several years and I sat down with her once and she showed me how to lay everything out. I set up an excel spreadsheet with all the categories we need to save for, mortgage, car payments, vacation, taxes, and such. We then carve out the needed $$ up front and the rest becomes general living funds. It takes about 5 minutes a paycheck to update the spreadsheet and do the funds transfer. So far it's worked well.

Hmm.. sounds efficient.

Jill-of-all-Trades wrote in post #14015158
And I have absolutely no clue how I would change how much income tax I pay. Other than requesting more be taken off each pay, but the equates to a bigger return.

Here we can adjust how much withholding is taken each pay period. I have my workplace withhold as little as possible and file quarterlies to make sure we are in the ballpark. It takes a little diciplin to not spend it though because your paycheck can get quite a bit larger.

*sigh* wrote in post #14015132
I hope my refund gets deposited soon. I need a 17-50.

I still have all of the cash from my 2010 refunds sitting in a savings account. Add that to my 2011 refunds, a few cash rebates I've received over the last several months, and the small check the insurance sent me last July after my car accident to shut me up about the bruise I got... I have a little over $2800 in that particular savings account. And, I still haven't needed any of it for anything.

It isn't enough to get me a 5D3, even if I wanted to spend so long on a waiting list. But, it's more than enough for a 5D2 with grip... It's oh, so tempting! Should I go for it? Or, should I just leave the money where it is? Decisions, decisions...

thomascanty wrote in post #14015192
I still have all of the cash from my 2010 refunds sitting in a savings account. Add that to my 2011 refunds, a few cash rebates I've received over the last several months, and the small check the insurance sent me last July after my car accident to shut me up about the bruise I got... I have a little over $2800 in that particular savings account. And, I still haven't needed any of it for anything.

It isn't enough to get me a 5D3, even if I wanted to spend so long on a waiting list. But, it's more than enough for a 5D2 with grip... It's oh, so tempting! Should I go for it? Or, should I just leave the money where it is? Decisions, decisions...

A gripped 5DII would be pretty sweet.

thomascanty wrote in post #14015192
It isn't enough to get me a 5D3, even if I wanted to spend so long on a waiting list. But, it's more than enough for a 5D2 with grip... It's oh, so tempting! Should I go for it? Or, should I just leave the money where it is? Decisions, decisions...

Go for it.. Ya know you want it.

*sigh* wrote in post #14015197
A gripped 5DII would be pretty sweet.

gjl711 wrote in post #14015198
Go for it.. Ya know you want it.

I am kinda leaning that way... It'd be nice to finally see what the big deal is about full frame!

gjl711 wrote in post #14015176
Here we can adjust how much withholding is taken each pay period. I have my workplace withhold as little as possible and file quarterlies to make sure we are in the ballpark. It takes a little diciplin to not spend it though because your paycheck can get quite a bit larger.

I don't know if we can do that. I know we can have more taken off, but I don't see a reason why, unless you need that automatic 'savings account'. One of the guys I work with does that but I don't know why.

thomascanty wrote in post #14015209
I am kinda leaning that way... It'd be nice to finally see what the big deal is about full frame!

Pssh, it's just a gimmic.


No it really is quite nice. As long as you can live with the mediocre AF the 5D II is a nice camera.

*sigh* wrote in post #14015219
Pssh, it's just a gimmic.

I've been telling myself that for years so I wouldn't get too tempted...

thomascanty wrote in post #14015228
I've been telling myself that for years so I wouldn't get too tempted...

I've been telling myself that too.