What do you consider a "large" tax return?

butterbeansmama

We just had our taxes done yesterday (ya, I know, romantic, eh?)...lol.

We are getting triple the amount that we normally get back! Probably because I have been laid off since April, so we aren't making as much as we have in years past. Plus, we are now paying Cobra, so we were able to write that off as a business expense. That really helped.

I'm thankful though. Of course we always put Preston's portion in his savings account. I figure we get the money back because of him anyway, so it should go to him.

AnnapolisLari

Ours is unexpectedly bigger, but that's because we put central air into the house and got a tax credit.

 

Alexandra*sMom

We normally get a 5 figure return.  That is big!!!

butterbeansmama

Alexandra*sMom:

We normally get a 5 figure return.  That is big!!!

WOW!

amiamish

I would consider anything over 7k a big refund... and a 5 figure-- omg. I'd shiit myself.

joseysbride

Anything more than paying in.

So, are you going to do anything fun with your unexpected return?

butterbeansmama

joseysbride:

Anything more than paying in.

So, are you going to do anything fun with your unexpected return?

We will take a small portion and put it into our travel fund, some will go into savings, some will go into Preston's savings, but, most of it will go towards paying on credit card bills. :-(

 

amiamish

butterbeansmama:

joseysbride:

Anything more than paying in.

So, are you going to do anything fun with your unexpected return?

We will take a small portion and put it into our travel fund, some will go into savings, some will go into Preston's savings, but, most of it will go towards paying on credit card bills. :-(

 

that is smart! We use our refund every year to pay off debt.

#6

5 figure?  holy cow I would pass out.  We were shocked this year as well.  We got 7k and I thought that was huge.  That is with me working a $8/hr job, 3 kids and no income from DH.  (he hasnt worked in 3yrs)

Sadly ours is alreayd almost gone.  We paid a huge part of it to my mom for my van, bought the girls new carseasts, new bunk beds, paid some bills, savings, and my trip in Aug.  I wanted to save some for our Disney trip but it didnt happen.  Its not planned yet so its not a have to.  Maybe next year. 

Alexandra*sMom

We usually buy something, then the rest goes into saving and is used as needed through the rest of the year.

veloelle

More than $2K. We never get a refund, we adjust our withholdings so we usually end up owing a little.

hikerbeth

veloelle:

More than $2K. We never get a refund, we adjust our withholdings so we usually end up owing a little.

this.  We'd rather not give out that interest-free loan

eclaires

hikerbeth:

veloelle:

More than $2K. We never get a refund, we adjust our withholdings so we usually end up owing a little.

this.  We'd rather not give out that interest-free loan

us too!  This year we're getting ~$5k and we're annoyed.  It's mostly because of reimbursement stuff from MH's new job being taxed pretty heavily, which we couldn't control, even with our withholdings.

cokt

Anything more than having to pay. I haven't gotten a refund since I married MH.

Chrisy-Wyobride

Anything over $1K...I hate when we over pay & get a big one at the end of the year.  This year we are getting back a lot ($5K) but that's because DH forgot to adjust for having another kid.  But the good part is, with that--we are actually under budget for the year--Yeah!

millerbabe

This year we got $6500 back and that's been our smallest return thus far. I think it's a pretty good amount!

Goose51504

Alexandra*sMom:

We normally get a 5 figure return.  That is big!!!

This. We always get a five figure return.

shopgirl78

i just hope we get a return or at least no owe; dh is a business owner.  I claim only myself on w2 to keep from paying!

MrsStubbs

I think anything over 1,000 is large. I really like getting a refund but, I never plan on it.

karen6784

shopgirl78:

i just hope we get a return or at least no owe; dh is a business owner.  I claim only myself on w2 to keep from paying!

This.  Last year we got $1000 back.  That is the first time since 2000 that we have not owed. 

Halo79RN

MrsStubbs:

I think anything over 1,000 is large. I really like getting a refund but, I never plan on it.

this