2012 taxes- Owe or refund?

[Deleted]

If you have filed or estimated for tax return for 2012 where do you fit?  If you haven't filed or estimated, just enjoy everyone else's answers.

I filed today and the Fed was accepted in 8 minutes.  They don't waste time with this e-file stuff.

[Roc A Bee]

We are getting $700 back. I'm happy with that.

[Deleted]

We don't have all our stuff in yet, but I'm estimating getting back around $3 - $4K

[definitelyO]

not sure yet - we don't even have all our W2s
but I would guess we will owe a little. I'm not a fan of huge refunds and try to get close to breakeven.

[Deleted]

I have no idea yet. Haven't put anything in Turbotax.

But I'm really hoping we don't owe too much!

[chessie]

Not sure yet, missing lots of docs and we are scared to look

[CloudBee]

No idea. We're still waiting on a few documents.

[Deleted]

That TurboTax won't calculate our AMT yet is killing me.

[Deleted]

Super relieved it's a sizeable refund; I was worried with how we set up DH's W4 when he got hired last year. Hooray for a new e-fund and getting snowball off to an accelerated start!

[Deleted]

We are getting a lot back this year but there were so many changes I erred on the side of caution with our withholdings. DH started a new, higher paying job (Mar 2012), we sold our house and are renting temporarily (Aug. 2012- Mar.2013) until our house is done, had a baby, and bought a vehicle.
Dh just started a new, even higher paying job on New Year's eve and this spring we will move into our new home but mortgage payments, interest, etc. won't start until then so I don't want to alter too much. Hopefully, 2014 will be nice an settled and I can adjust to not get so much back.

[countthestars]

I think we will be getting around $4k back. I hope to fix that next year and get much less (but still a refund).

[Deleted]

I have no idea, I'm still waiting on a K-1.

[Deleted]

No clue, but I fear we will owe four figures. 

[kadams767]

Wishing hoping and praying to owe <$1000.

[simpsongal]

I could have sworn I replied - did the board eat my post?

We don't have all the interest statements yet. I think we'll owe, I'm just hoping it's not over $3K.

[ssmjlm]

Right now TT says $1k, but I haven't done charitable stuff.

I'm curious how the state will play out. DH's OT killed us this year.

[purplecow0206]

We'll be getting back about $500 or so. We were a little cautious with our withholdings simply because we've had a year where we owed 6K or so and I really don't want that to happen again, but I also don't want to give them too much of our money.

[puppyluv]

We will get about $3k back. Had the AMT patch not been fixed, we would have broken even.

[cjeanette]

Right now is says I am getting back about $500 which is about the amount I will owe Kansas. So it is a wash. Effing Kansas.

[LoveTrains]

I am waiting on a w2-c from H's employer. I am estimating at this point that we will get about $700- $800 back from federal, and maybe $500 combined between the states that we have to file in.

[Deleted]

I haven't even begun to figure out our taxes. I'm scared. Last year we owed - a lot. This year I attempted to stem the tide by having H withhold more at the end of the year. But it's all a crap shoot for me.

[Deleted]

According to TT, without including our capital gains taxes, we owe about $600 federal. Not sure how much more we will owe.

Hopefully when we have the accountant do it, it wont be much more.

We owe a lot more to the state because DH needs his witholdings adjusted :/

[darthnbjenni]

Was $5500, but we moved into the next tax bracket and it's now at $3800. It'll be less when I get my 1099-misc form from my blogging ad company.

[Deleted]

I have getting back just over $1k. I never understand how people get so much back. I wonder what the heck I am doing wrong?!

[jlt19]

We're getting over $5k back but I'm so afraid to change withholdings b/c DH's job is so unpredictable. The calculator tells me to claim 10, but that seems crazy to me. I know it's not accurate b/c DH has had a good January but he could not work for a month and it'd throw it all off. Plus with the way they change tax laws each year I'm afraid we won't get some deducation next year for one reason or another and end up owing.

I'll just be content that some daycare and Christmas are paid for in 2013 with this refund.

[Deleted]

Feb 1, 2013 16:50:54 GMT -5 vigurl said:

I have getting back just over $1k. I never understand how people get so much back. I wonder what the heck I am doing wrong?!

You're doing right!  A huge refund does not mean that you magically found a way to reduce your taxes.  You owe what you owe, and a, lets say $10,000 refund simply means that instead of getting an extra, say, $404 in each of your 24 paychecks last year, you have to wait until tax season to get that $10,000 in your pockets.

[pagal]

Refund of $2582, accepted by IRS yesterday.

[biogirl21]

We got back $1100 fed and $200 state. Of course it's delayed because we get educations credits, but without it we would have owed $700 so I can't complain.

[krystee]

Last year the accountant predicted we'd get $1,000 back, so I left everything as is. Due to a major drop in H's income and some tuition deductions, we're getting $7K back! We're paying off our $3K of credit card debt and using the rest to pay our expenses to rent out our house and move.

[Deleted]

We should get back a couple thousand - maybe 2k? We will adjust for this year though. I hate getting a refund!