I did our taxes tonight.

[laceandlouboutins]

We're getting back a lot more than I thought we were. This makes me happy because we can still save the amount we were planning on saving and more, but we can also do something fun too. I feel so relieved knowing this is done.

[Deleted]

I hate everyone who has already done their taxes. I haven't gotten any of my W2s or my 1099 from school I'm getting pissed.

[Deleted]

We did its tonight too. We're getting back a ton, but we're using it to pay off Dh's truck.

Wah Wah waaaaah.

[laceandlouboutins]

Jan 28, 2013 22:46:45 GMT -5 skippingstones said:

I hate everyone who has already done their taxes. I haven't gotten any of my W2s or my 1099 from school I'm getting pissed.

Hopefully you get it soon. I think they have to have everything mailed out by the end of the month. I remember the tuition reimbursements were always pleasant surprises.

[Deleted]

Jan 28, 2013 22:54:01 GMT -5 laceandlouboutins said:

Jan 28, 2013 22:46:45 GMT -5 skippingstones said:

I hate everyone who has already done their taxes. I haven't gotten any of my W2s or my 1099 from school I'm getting pissed.

Hopefully you get it soon. I think they have to have everything mailed out by the end of the month. I remember the tuition reimbursements were always pleasant surprises.

Yeah. By law I think they have to have them to you by the 31st. I have H's W2 which never happens lol

[flipflopsandwine]

Jan 28, 2013 22:59:48 GMT -5 skippingstones said:

Jan 28, 2013 22:54:01 GMT -5 laceandlouboutins said:

Hopefully you get it soon. I think they have to have everything mailed out by the end of the month. I remember the tuition reimbursements were always pleasant surprises.

Yeah. By law I think they have to have them to you by the 31st. I have H's W2 which never happens lol

I work in payroll. The law is they have to be postmarked by the 31st. Hopefully you'll get it soon.

[flipflopsandwine]

Jan 28, 2013 23:05:45 GMT -5 sameoldash said:

We do too. About $1200. Sucks.

[Deleted]

thanks flipflops <3. I Hope I get it sometime this week. I wouldn't put it past my previous employer to be complete dicks about it

[Deleted]

Jan 28, 2013 23:01:59 GMT -5 namasteak said:

Jan 28, 2013 22:46:56 GMT -5 @stellasmom said:

We did its tonight too. We're getting back a ton, but we're using it to pay off Dh's truck.

Wah Wah waaaaah.

But that frees up more money month to month!

True. We're going to save the extra monthly cash, though.

Being a grownup is harrrrrd.

[flipflopsandwine]

Yeah if you don't have it by the middle of next week I would definitely call!

[flipflopsandwine]

Jan 28, 2013 23:12:19 GMT -5 @stellasmom said:

Jan 28, 2013 23:01:59 GMT -5 namasteak said:

But that frees up more money month to month!

Being a grownup is harrrrrd.

For real.

[birdistheword]

Ugh...we always owe. I am not looking forward to doing our taxes this year because I have 2 W-2s (switched jobs halfway through the year) and will have some 1099s from freelance stuff, which I am still waiting to receive.

That's exciting that you are getting more than you expected!

Why does MM hate refunds?

[2boys2danes]

I'm jealous..we are waiting on H's K-1 which we hope to get in the next week or so. I've put in all of my data and it looks good now but H's stuff always makes it wonky.

[themysteriouswife]

Jan 29, 2013 8:13:13 GMT -5 mekiakoo said:

I'm scared to do our taxes because we just got married. But we also bought a house.

Getting married helps! You get a larger deduction. Buying the house could be an added bonus.

[poppyseed]

We'll get some back this year, but it will go toward what we still owe from last year. Fun!

[laceandlouboutins]

Jan 29, 2013 8:31:44 GMT -5 poppyseed said:

We'll get some back this year, but it will go toward what we still owe from last year. Fun!

That's a bummer!

[looseseal]

Mekiakoo, you could run a test each way, but it's almost always better to file jointly.

Also, W-2's have to be postmarked by Jan 31, but mutual funds have until Feb 15, so if you're waiting on interest and dividend statements it could take longer. I'm planning on getting the software and preparing ours next weekend. I'm out of public accounting now, and I only have to prepare five returns this year (ours, plus some of H's family). I'm so excited, I'm going to try to be completely done by the end of February. It will be a completely new feeling for me. No taxes in March or April is my goal!

[themysteriouswife]

Joint!

[Deleted]

My husband's company always mails out the W2s on January 31st.  So. Fricking. Annoying.  We get a refund usually, and I am anxious to know how much.  

[fuckyourcouch]

Jan 28, 2013 23:57:55 GMT -5 birdistheword said:

Ugh...we always owe. I am not looking forward to doing our taxes this year because I have 2 W-2s (switched jobs halfway through the year) and will have some 1099s from freelance stuff, which I am still waiting to receive.

That's exciting that you are getting more than you expected!

Why does MM hate refunds?

because it means you're having too much withheld from your paychecks and essentially giving the government and interest free loan until you file your taxes.


we are missing one of h's w2s still, but we estimated from his last paycheck. i haven't finished itemizing our deductions but so far we owe, federal and state.
my h was throwing a fit about this and i told him he needs to get over it and take a look at the bottom line of what we made combined last year and be thankful. and stfu.

[lurkergirl123]

We owed last year. I don't care if we get back $1, I just don't want to owe. It sucked.

[Deleted]

We're still waiting on H's 1099. I know that we'll owe this year which sucks but luckily H has been good about putting money aside each pay so we won't have to go into our savings.

[Deleted]

Jan 29, 2013 8:51:22 GMT -5 mekiakoo said:

Jan 29, 2013 8:30:32 GMT -5 themysteriouswife said:

Getting married helps! You get a larger deduction. Buying the house could be an added bonus.

I was told that getting married could hurt. Should we file jointly or separately?

Getting married often hurts, because tax brackets for married people aren't twice the tax brackets for single people.  www.irsmedic.com/2012/01/02/irs-tax-brackets-2012/  If you're a married couple earning $100,000 each (so $200,000 HHI) you'll end up in the 33% tax bracket, but if you were both unmarried and earning $100,000 each, you'd both be in the 28% tax bracket.  Boo.

(This is all based on 2012 numbers, but you get the drift)

But whether you file jointly or separately, you're still married.  You can't get around that by filing separately.  Married filing separately is beneficial in a few special and specific circumstances, but for the vast majority of marrieds, filing jointly is cheaper.  You can run the numbers both ways, certainly, but chances are good that MFJ is the way to go for you.

[Deleted]

Jan 29, 2013 10:30:18 GMT -5 farmvillelover said:

Jan 28, 2013 23:57:55 GMT -5 birdistheword said:

It's considered an interest free loan to the govt. I don't care about this anymore since savings rates are dismally low and emotionally I don't want a tax bill haaha

But even with ridiculously low savings account interest rates, if you had invested that money in 2012, you could have made like 15% on it!

I know that isn't for everyone though

[penelope]

Jan 29, 2013 10:30:03 GMT -5 v said:

Jan 29, 2013 8:51:22 GMT -5 mekiakoo said:

I was told that getting married could hurt. Should we file jointly or separately?

Getting married often hurts, because tax brackets for married people aren't twice the tax brackets for single people.  www.irsmedic.com/2012/01/02/irs-tax-brackets-2012/  If you're a married couple earning $100,000 each (so $200,000 HHI) you'll end up in the 33% tax bracket, but if you were both unmarried and earning $100,000 each, you'd both be in the 28% tax bracket.  Boo.

But whether you file jointly or separately, you're still married.  You can't get around that by filing separately.  Married filing separately is beneficial in a few special and specific circumstances, but for the vast majority of marrieds, filing jointly is cheaper.  You can run the numbers both ways, certainly, but chances are good that MFJ is the way to go for you.

Exactly this.  Getting married totally fucked us.

[winnied]

I'm getting a decent refund and I'm so excited! It's going straight to our efund but still, it's a goal to have a full efund this year for us. I know refunds aren't MM but it's not a huge amount of money (generally speaking) so it wouldn't have necessarily done a lot for us if we invested it.

[pantsparty]

I think we're going to owe. I'm so pissed. We don't have any write offs, either.

[macmars45]

Jan 28, 2013 22:46:56 GMT -5 @stellasmom said:

We did its tonight too. We're getting back a ton, but we're using it to pay off Dh's truck.

Wah Wah waaaaah.

If we get any refund it always goes to H's SLs, if that makes you feel any better.

[cc]

I just need to get the tax info from daycare and then we can file.