Comments on: Doing Your Research: Tax Credits and Deductions http://www.rainydaysaver.net/2010/02/doing-your-research-tax-credits-and-deductions.html Making change one penny at a time Mon, 06 Sep 2010 16:49:24 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: RainyDaySaverhttp://www.rainydaysaver.net/2010/02/doing-your-research-tax-credits-and-deductions.html/comment-page-1#comment-14 RainyDaySaver Wed, 10 Feb 2010 01:21:27 +0000 http://rainydaysaver.net/?p=437#comment-14 @Jessie: U.S. firms are supposed to send out paperwork by Jan. 31, and many wait until the last minute. Hopefully your forms will come ASAP.<br /><br />@Julie: Like Jessie, I had to wait for all my forms to come, and we had to do a paper return because of the first-time homebuyer credit. Glad you guys are done with debt!<br /><br />@Revanche: I hate waiting for paperwork -- we would have filed weeks ago if we could've. I only do a little bit of freelance so I don't file quarterly. I claim 0 on my W-4 so it covers the taxes and I don't owe.<br /><br />@Little House: Paying is the worst, especially for the self-employed. I'll keep my fingers crossed that you get a refund instead! @Jessie: U.S. firms are supposed to send out paperwork by Jan. 31, and many wait until the last minute. Hopefully your forms will come ASAP.

@Julie: Like Jessie, I had to wait for all my forms to come, and we had to do a paper return because of the first-time homebuyer credit. Glad you guys are done with debt!

@Revanche: I hate waiting for paperwork — we would have filed weeks ago if we could've. I only do a little bit of freelance so I don't file quarterly. I claim 0 on my W-4 so it covers the taxes and I don't owe.

@Little House: Paying is the worst, especially for the self-employed. I'll keep my fingers crossed that you get a refund instead!

]]> By: Little Househttp://www.rainydaysaver.net/2010/02/doing-your-research-tax-credits-and-deductions.html/comment-page-1#comment-13 Little House Wed, 10 Feb 2010 00:12:10 +0000 http://rainydaysaver.net/?p=437#comment-13 I'm dreading my tax returns. Because my husband and I are self employed, we normally break even, or get a very small amount back. Even after figuring out my income and using a schedule C. I'm just hoping I don't have to PAY this year, YIKES! I'm dreading my tax returns. Because my husband and I are self employed, we normally break even, or get a very small amount back. Even after figuring out my income and using a schedule C. I'm just hoping I don't have to PAY this year, YIKES!

]]> By: Revanchehttp://www.rainydaysaver.net/2010/02/doing-your-research-tax-credits-and-deductions.html/comment-page-1#comment-12 Revanche Tue, 09 Feb 2010 01:53:27 +0000 http://rainydaysaver.net/?p=437#comment-12 I'm only halfway through, I can't figure out what the heck happened to my reporting from Emigrant Direct and Citibank. <br /><br />I may have overpaid federal taxes, though, looking at what I've filled in so far. Wouldn't be the end of the world, rather get a refund than a fine for underpaying. (Because of SE tax estimates.) I'm only halfway through, I can't figure out what the heck happened to my reporting from Emigrant Direct and Citibank.

I may have overpaid federal taxes, though, looking at what I've filled in so far. Wouldn't be the end of the world, rather get a refund than a fine for underpaying. (Because of SE tax estimates.)

]]> By: Juliehttp://www.rainydaysaver.net/2010/02/doing-your-research-tax-credits-and-deductions.html/comment-page-1#comment-11 Julie Mon, 08 Feb 2010 22:25:48 +0000 http://rainydaysaver.net/?p=437#comment-11 I did ours about 3 weeks ago and got my refund (federal) deposited last Wednesday. We got a nice chunk this year - way higher than any others - and I paid off my only 2 credit cards and Dave's car loan. I still have a few thousand left over which is just stashed away for the time being. It's soo nice to finally be (almost-I just have my car loan and that monthly payment is minimal) debt-free! The kids, sadly are the only credits worth mentioning since we don't own(yet!) We both claim zero all year long and withhold at a higher single rate, then file joint and claim the 2 kids come tax time. I did ours about 3 weeks ago and got my refund (federal) deposited last Wednesday. We got a nice chunk this year – way higher than any others – and I paid off my only 2 credit cards and Dave's car loan. I still have a few thousand left over which is just stashed away for the time being. It's soo nice to finally be (almost-I just have my car loan and that monthly payment is minimal) debt-free! The kids, sadly are the only credits worth mentioning since we don't own(yet!) We both claim zero all year long and withhold at a higher single rate, then file joint and claim the 2 kids come tax time.

]]> By: Jessiehttp://www.rainydaysaver.net/2010/02/doing-your-research-tax-credits-and-deductions.html/comment-page-1#comment-10 Jessie Mon, 08 Feb 2010 15:25:09 +0000 http://rainydaysaver.net/?p=437#comment-10 I haven't done mine yet - still waiting for all the forms I need to come in the mail :( I haven't done mine yet – still waiting for all the forms I need to come in the mail :(

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