I filed my tax returns on February 5! The federal refund is $4,900. The net state refund is $100.
This is the earliest I have filed my tax returns. Last two years, I did it in March. Even better, I expect to receive the refund on February 20. This year (2006 that is) is a bit strange, since I had to file two state returns and one federal return. So the I'm ending up with a refund from State of New York and owing State of New Jersey. Of course, I'm not filing NJ return until April :-)
What would you do with the refund? Did you file your tax return yet?
Tax 3 - Tax Returns Filed!
February 8th, 2007 at 09:50 pm
February 8th, 2007 at 10:00 pm
February 9th, 2007 at 08:26 am
1,000 to 1,500.
February 9th, 2007 at 08:46 am
If I were in your shoes, I'd split the money between the EF and paying down some of the debt. I see the rate on one of your CCs is going to change in March. Is it going to be high? If so, that's the one I would pay down; March is very close.
Also, with such a big refund you may want to look in to adjusting your withholding (if you haven't already) so you get more takehome each pay period to appy to the EF or debt.
February 9th, 2007 at 10:07 am
February 9th, 2007 at 10:37 am
I am getting $200 and putting it in the slush fund most likely for expenses. IF we hadn't of had so many dang emergencies this year already I'd save it all though. I generally take it out of my check and save it anyway so I don't have to wait so long to get it back.
Good Luck whatever you decide. WTG!
February 9th, 2007 at 02:23 pm
February 23rd, 2007 at 06:51 am