#184249 - 02/02/06 09:33 AM
Tax Return
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Member
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Registered: 04/18/05
Posts: 8901
Loc: Bradenton, FL
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Ok, this is deffinately a bad day. I did my taxes last night.... I am not happy. A little background information. I am 16 years old and living with my parents. They can claim me. So when I do my taxes I have to subtract $5000 from my income. I go to high school and work after school, so I only made like $6,800 total. $6,800-5,000=$1,800 The total return that I am getting is $32!!!!!!!!!!!! Thanks for listening. Looks like the GP isnt getting the new hood.
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Corey Smith
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#184250 - 02/02/06 10:07 AM
Re: Tax Return
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Registered: 08/09/03
Posts: 3256
Loc: Oregon
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That's about all I ever got back when I was a student.
It wasn't until I bought a house that I started getting big returns. Every year I add another exemption or two, and I still get a return.
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#184251 - 02/02/06 10:23 AM
Re: Tax Return
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Member
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Registered: 07/15/04
Posts: 3141
Loc: Chicago, IL
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At least you don't have to pay...
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DHP V1.0, Slotted rotors, S/S Brake Lines, Custom CAI, GMPP Handling Kit, KYB's, Jimmy C DP (U-Bend delete w/ Hi-flow cat), Flowmaster Super 40's, drilled 180° T-Stat, Alt. Rewire & Alt. Voltage Booster Combo, 605's, ZZP Motor Mounts
"The only difference between me and a madman is that I am NOT mad!" - Dali
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#184252 - 02/02/06 04:47 PM
Re: Tax Return
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Member
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Registered: 06/06/03
Posts: 223
Loc: Pasadena, TX
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when i was in high school i had to pay 12 bucks one year! I was .
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2000 GTP All Black w/Black Leather
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#184253 - 02/03/06 12:01 AM
Re: Tax Return
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Member
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Registered: 07/08/04
Posts: 652
Loc: Imperial MO
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-Dan- SOLD-1998 Grand Prix GT with 148K. Infinity Reference 5.25s, Pioneer 4 way 6x9s, Yokohama AS430s, Open cone K&N intake, Front strut bar,180* Powerstat, Dual glasspack mufflers w/ removed resonator, and painted under-hood components.-SOLD- 1995 Eagle Talon TSi AWD - 81K, 3" turbo-back exhaust, open cone intake, hard IC piping, boost controller, GReddy Type-S BOV, more to come.
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#184254 - 02/03/06 01:44 AM
Re: Tax Return
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Member
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Registered: 08/09/03
Posts: 3256
Loc: Oregon
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When I was in college my buddies claimed there was some way that they would get all of their taxes back because they were students.
My mom did my taxes for me during that time, and I always owed money. I figured she was doing something wrong. Not sure what was going on. Maybe their parents were not claiming them as dependents and mine was?
I don't know. Either way, I used to have to pay too. It sucks.
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#184256 - 02/03/06 08:33 AM
Re: Tax Return
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Member
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Registered: 05/23/03
Posts: 8078
Loc: Austin, TX
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My tax guy and I screwed up on my 02 taxes. I had 2 W-2's, but he claims he only got one of them. Last year the good old IRS sent me a letter saying that they wanted their money, so last year the IRS kept about 2400 of my return, thinking we weren't going to get anything at all we ended up with about $800. Kind of a good news/bad news type of thing. I need to get all of our stuff together and send it to my tax guy so we can get that going.
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Bobby Died 5/1/08, resurrected 5/15/08 ASCD SD hood, 17" Bullitts, Overkill PCM, 3.4" Pulley, NGK TR55IX, K&N 9" cone filter, JimmyC D/P, U-bend removed, Flowmaster 40 series, Hooker big bore tips with resonators, S/B brake lines, drilled/slot rotors, GMPP handling kit, KYB struts, F&R strut supports, HID's, LED's, 2.5" Air Dam, red GTP overlays on custom badges, white rear insert.
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#184257 - 02/03/06 09:40 AM
Re: Tax Return
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Member
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Registered: 04/18/05
Posts: 8901
Loc: Bradenton, FL
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So i guess this is pretty normal for a 16 year old. I was hoping that I messed up or something. Well, maybe I can save up enough to get the hood in a few months.
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Corey Smith
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#184258 - 02/05/06 11:45 AM
Re: Tax Return
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Member
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Registered: 07/29/04
Posts: 1563
Loc: Ohio
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Yea, don't expect much now. When get your house and kids, you can then start rakin in the dough!
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[GONE] GenV GTP engine, 12" Brakes, CAI, 3" DP, HighFlo Cat, 180 T-Stat, Aeroforce Gauge, Front STB, Stinger Fiberglass hood, Reflective Graphics.
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#184259 - 02/15/06 01:11 PM
Re: Tax Return
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Member
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Registered: 07/03/04
Posts: 882
Loc: Georgetown, Texas
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This year...we are getting close to $5k, next year, we'll have a new baby, so we will get back even more. A buddy of mine got back 8K this year....
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In the business world, the rear view mirror is always clearer than the windshield.
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#184260 - 02/16/06 11:55 AM
Re: Tax Return
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Junior Member
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Registered: 10/12/05
Posts: 27
Loc: St. Louis, MO
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When I was in high school my parents claimed me as a dependent and I still got over $300 back. And when I was a college student I got all my taxes I paid that year back... right down to the penny. ANd that happened for a couple of years. Last year I screwed my taxes up and got only $600 back.... This year I got over $6k.... I love kids! lol.
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#184262 - 02/18/06 09:45 PM
Re: Tax Return
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Member
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Registered: 03/07/05
Posts: 5158
Loc: Southern KY
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I'm 21, still living at home while going to college. I got back $143. Last year I owed about $20. It all depends on how you have your paycheck setup for tax deductions and the like. If you set it up wrong, you're either getting money back or paying the IRS later. If you set it up perfectly, you and the Gov't should be even. Think of it this way: You don't get anything back, you had the money throughout the year and larger paychecks compared to those who paid the government too much.
As for school expenses and deductions, if you spend for school over what your financial aid is (if you get any), any of that is deductable: books, gas, housing, you get the idea. My sister gets back $300+ every year just based on books she's bought and keeping the receipts.
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'13 Mustang 3.7V6 - MT82 '00 GP SE (L67 Swap, XP, Headers, 3.25") '98 GTP, '01 Bonne
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