Tax Return time-what are you doing with your money?

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Originally Posted by silverbullet

the only advice my tax guy told me to do is claim 3 more on my w-form this way not so much taxes will be taking off my pay check.

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You will most likely have to pay when you file your taxes if you do that.

i don't think so!! next year i'll prob be getting about same amount as this year and as far as claiming 3 more people will not effect my tax return for next year.

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Originally Posted by silverbullet

i don't think so!! next year i'll prob be getting about same amount as this year and as far as claiming 3 more people will not effect my tax return for next year.

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if your tax person told you that, DO NOT let them do your taxes again...the more you claim on your W-4 the less fed tax they take out through the year. So obviously the less you get back. You claim zero through the year, and claim it all for income tax you get more back, you claim through the year you get much less. Unless you get earned income credit and head of household then you won't get much of anything. My mom was rubbermaid's tax department for 15 years until they shut down there main office in ohio, so i know a ton about taxes

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Originally Posted by BwolfGT

Yeah looks like you've got the mods for it, just make sure you get 104s, colder sparks are the last supporting mod you need.

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I need my PCMed Tuned

NEVER has been Tuned from Factory

i know ZZP is crap and TDC is a scammer now soo...... what other good options are there?

^^ from what i've heard intense is the way to go for an out of the box tune, i'm still stock but i've never heard anything bad about them

I'm buying a new car!

maybe a hot wheels camaro, or something cool. 9 bucks ain't gonna get me much

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Originally Posted by Spartangl

I need my PCMed Tuned

NEVER has been Tuned from Factory

i know ZZP is crap and TDC is a scammer now soo...... what other good options are there?

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Intense

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Originally Posted by silverbullet

just done my tax i'm really disappointed on how much i'm getting back:(:(. last year i got over $2k back. this year only getting like $900 cuz i made more than last year. i didn't know they put you in different bracket just b'cuz you made more $$ i always thought the more $$ you make the bigger return you gonna get back. the only advice my tax guy told me to do is claim 3 more on my w-form this way not so much taxes will be taking off my pay check.

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This would give you more money on each check, but you would get less back or more likely have to pay in. If you want the most money back you always claim zero, and find lots of dependants to claim for the year(not claim on your forms for work, just claim on the actual taxes) If this still is not enough you can ask your employer to take out extra taxes( I used to have mine take out an extra $20 per pay period just to be safe) that way I didnt really miss the $20 and I got an extra $520 back at the end of the year in a lump sum. But yes, the more you make, the more you get taxed always....percentage wise and dollar wise. (with all things being equal otherwise)

This year i quailfied for EIC (Earned income credit), so that was nice. Wife wants a bathroom remodel, too keep me busy. Also a new kitchen floor, and I have to pay off the CC also so I then have only utilities to pay during the month.... which makes us debt free! which will be very very nice!

Money towards the house is always the way to go.... Thats were most of our money goes anyway...

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Originally Posted by diamondave

Money towards the house is always the way to go.... Thats were most of our money goes anyway...

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same. the bar is done now, so its probably time to replace our 1941 furnace.

1941 furnace? One of those heating oil ones? or is it coal?... LOL!
How old is the house?... mine has on the front Est.1895

I'm buying a german car and ditching my l67 powered rides. I'm sick of them depreciating faster than i can make a payment.

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Originally Posted by nvsridez

I'm buying a german car and ditching my l67 powered rides. I'm sick of them depreciating faster than i can make a payment.

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:th_laugh-lol2:

German cars depreciate horribly as well.....i own one. My BMW 325i had a book of $19,XXX in May of '07. Now it has a book of $10,265. Damn near cut in half in 2 1/2 years. Mercedes is just as bad. Volkswagen holds the best value if you get a Jetta diesel. Just forewarning you.

vehicle wise the more expensive it is, the faster it loses value money wise at least, maybe not percentage wise...unless of course it is a diesel truck

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Originally Posted by diamondave

1941 furnace? One of those heating oil ones? or is it coal?... LOL!
How old is the house?... mine has on the front Est.1895

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nope, the furnace is original to the year its built and thank god its a gas furnace.

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Originally Posted by JoelW98GTP

:th_laugh-lol2:

German cars depreciate horribly as well.....i own one. My BMW 325i had a book of $19,XXX in May of '07. Now it has a book of $10,265. Damn near cut in half in 2 1/2 years. Mercedes is just as bad. Volkswagen holds the best value if you get a Jetta diesel. Just forewarning you.

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Lolz. I actually been looking at Audi s4. I think all cars went to **** the last couple years in value...I have a bicycle. I should mod that.

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Originally Posted by nvsridez

Lolz. I actually been looking at Audi s4. I think all cars went to **** the last couple years in value...I have a bicycle. I should mod that.

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i was also looking into an audi s4 for a while (2000-2002 w/the TT V6) until i realized how hard they were to work on. timing belt change? yeah, go ahead and take the front clip off.

i got 8 grand back this year. im putting 7 grand towards debt and buying

aluminum yella terras 1.95, 90# springs, pushrods, retainers, valve cover gaskets, poly motor mounts, front stb, and a solid tune:th_thumbsup-wink:

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Originally Posted by Bio248

i was also looking into an audi s4 for a while (2000-2002 w/the TT V6) until i realized how hard they were to work on. timing belt change? yeah, go ahead and take the front clip off.

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The ttv6 models are soooo expensive to own. As you said-timing belt, front clip off. Need new turbos? How about $1600.. Clutch went out, dealer only, almost $3000.
Although the ttv6 models are higher in demand, i was looking at the v8 models. 340ish hp stock, 6 speed, awd...Light tuning and a few mods and you're knocking on 400 horse.

So, tax return thread....I paid in over $6000 in taxes last year, to get back less than $1000. Yup, blew that already. Fixed the regals body damage and paid the heating bill. Tax return mod bug=Fail.