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Tax 3 - Tax Returns Filed!

February 9th, 2007 at 05:50 am

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?

Posted in Life in the Garden State | 4 Comments »

4 Responses to “Tax 3 - Tax Returns Filed!”

  1. baselle Says:
    February 9th, 2007 at 06:00 am 1171000858
    1171000858

    I free filed about a week ago (OLT), and I should get my little refund 2/13. WA state has no income tax. I plan to put in the ING account - with the euro so strong against the dollar it'll probably be a Parisian dinner somewhere.

  2. scfr Says:
    February 9th, 2007 at 04:46 pm 1171039576
    1171039576

    Congratulations on getting your taxes done!

    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.

  3. reginaastralis Says:
    February 9th, 2007 at 06:07 pm 1171044461
    1171044461

    With my return, I'll be putting aside a bit of money to getting our house, getting my car fixed, getting my tattoo, and then the rest will be spilt half down paying down debts and putting it into my savings account.

  4. monkeymama Says:
    February 9th, 2007 at 06:37 pm 1171046264
    1171046264

    If it was me I'd save it all. Maybe have fun with $500.

    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. Wink But if I got a big chunk back I would find it easier to save the chunk I Am sure.

    Good Luck whatever you decide. WTG!

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