- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Can I expect to get a tax refund for the 1st time?
Posted on 12/3/12 at 10:28 pm
Posted on 12/3/12 at 10:28 pm
Ill be 21 living at home with my folks, claiming myself (single), in college with a full scholarship, and I earn 10k a year. I get full amount of state and fed taxes taken out of my checks. I didn't get the full amount taken out befotr until this year amd I have never received a tax refund. I usually owed. Can I expect to get a refund this year? If so could anyone guesstimate how much I could expect to get? Thanks
3
Posted on 12/3/12 at 10:40 pm to realtalk
We'd need to know more detail, but if your gross is 10k you will probably get a refund.
That's unfortunate, it is better to have to pay extra b/c it means you had use of the money during the year. But you're just getting started, it's all good.
That's unfortunate, it is better to have to pay extra b/c it means you had use of the money during the year. But you're just getting started, it's all good.
Posted on 12/3/12 at 11:32 pm to realtalk
Yea, I would much rather owe taxes at the end of the year the get a refund.
Why would you want to loan the government money throughout the year, at basically no interest?
Why would you want to loan the government money throughout the year, at basically no interest?
Posted on 12/4/12 at 3:49 pm to realtalk
Why not have your tax preparer run the tax return scenario both ways? That is, claim your own exemption on your potential return and then have your parents claim you as a dependent on their potential return. Then compare the bottom line. Their refund might be much larger with you as a dependent on their return. Maybe even large enough that you and they could split the difference your exemption makes, enabling you to have an even bigger refund than if you claim your own exemption. I've seen this happen a lot of times.
Posted on 12/4/12 at 3:55 pm to GoCrazyAuburn
quote:
Why would you want to loan the government money throughout the year, at basically no interest?
My thoughts exactly.
I also think that people would freak if they had to write a check every year.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News