Or get involved with your employer's credit union (if possible) and have it taken out of your paycheck. We do that with my wife's car payment - we have a payment taken out of her check every month whether we owe anybody or not. It goes into her CU savings account, so next time we buy her a car, we will have to finance little or nothing.
Middle of Feb. I don't get much but always something as our payroll dept seems to be a bit cautious.
The IRS will not be ready to process returns with itemized deductions until the end of Feb. due to last minute tax law changes. There will be no refunds for about a third of the filers until well after that.
Usually early-mid February but I'm pretty fast with e-filing on the day I get my w-2 and direct deposit. I too have a long list of things going up for sale around that time.
Streetwiseguy wrote:z31maniac wrote:Open a separate savings account and drop a certain number in that account every payday instead.scottgib wrote: If you get a refund that is more than a few dollars you are doing something wrong. Why give Uncle Sam an interest free loan?Because if I put the extra $20-30 in each of 26 paychecks per year, I'll piss away that money on a magazine and 6 pack of good beer or something of an equally trivial nature. I got married this year, but since she is self-employed, we will still file separately (no kids, claim 0). I don't mind giving the gubmint an interest-free loan all year because I look at it like getting a little bonus at the end of the year. That I can spend on whatever I choose (I typically get back $1600-2000 the last 5 years). 2009, the money bought the S52 and some swap parts for the bronze E30. 2010, the money bought the SSR Type C RS and RT-615s for my old 318is. 2011, I'll probably use it to pay off some debt, although I'd really like to buy some wheels/suspension/Cobb tuner for the Speed3. Or may use it to add insulation/energy effiecient windows to the house.
ingdirect.com will do it for you automatically. Thats what I do.. Now I have a solid emergency fund in there.
FWIW, the IRS processes both filings and disbursements on Thursday night. So, if you e-file on Friday it won't process until the following Thurs, and it will be disbursed the next Thursday night, which you bank may not actually put into your account til Mon. So if you need the cash and your W2 gets there on Wed you should go ahead and do it sooner, waiting 'til the weekend will delay your refund a week.
W2 showed up yesterday, just filled this morning, Tubro Tax is telling me 10-16 days(2 days for the IRS to "receive", 8-14 for the refund to come in)
I had all of my W2s except for one two weeks ago. I probably will not get the last one until the VERY last moment they are legally able to.
I am not sure what they have to gain by waiting so long
for years i paid nothing and got nothing back due to building a business at a net loss.
now that i am married, we get most of hers back as the refund due to me apparently not being as good at making money as i want to be. last year's expenses bled us dry. this year will be different, no more $3500 a month for rent and utilities and insurance on a storefront that couldnt bring in $200 a month let alone pay for itself.
the state is going to inevitably tell me "we could give you money back but you owe us for that last semester of community college you never finished paying us for, maybe we will send you a check next year"
if i could file today i would, but i was told the same mid-late february thing for anyone filing itemized returns too.
business expenses, mortgage interest, work vehicle miles all add up. i might even be able to get tax credit for some energy star stuff. i used the entire $1500 energy tax credit on windows, doors, and insulation last year but the HVAC stuff is separate and i did some of that this year.
neon4891 wrote: W2 showed up yesterday, just filled this morning, Tubro Tax is telling me 10-16 days(2 days for the IRS to "receive", 8-14 for the refund to come in)
That must mean you filed a 1040EZ since the tax tables don't even exist yet to allow you to file an itemized return. I talked to IRS Friday and was told the tables wouldn't exist until the last few days in Feb. or the first few in March. I confirmed that with a couple of CPAs.
At that point the system will be clogged with all the itemizers filing so expect delays.
All this is good news for the guys filing an EZ as the line will be shorter and there will be fewer delays in getting your money.
I don't expect a whole lot. I'll be happy just to get it.
scottgib wrote: If you get a refund that is more than a few dollars you are doing something wrong. Why give Uncle Sam an interest free loan?
all the financial advisers say the same thing... so the question is WHY?
for me I could quite easily change my deductions to make it come out to near zero or even have to write a check....... but the extra $100/mo would really only be peed away... after a bit not even noticed ... (while I'm fairly disciplined about my savings... this one would just get lost in the shuffle ....) so interest free loan to them and a lump sum to me... actually the interest free part doesn't really hurt when you look a the interest rates being paid by any of the investment options ('less you got lucky and hit a stock that was primed to take off) LOL
i'll be getting mine on feb 11th... still haven't gotten my w-2 but it was online... we used turbo tax online as we have for years... had we finished the filing a day or 2 earlier we'd be getting it this coming Friday :-/...
I don't expect anything back this year, as I refuse to have 20% lost while on unemployment. I'm using the balance of the wife's to put towards my whole 10k of taxable income. :-/ The loss of income plus the crumbcruncher will probably give ourselves a refund.
Heck, I just mailed off 08 and 09 returns off this past Friday.
A christian louboutin in a canoe? tell me more! pics or ban.
While it is nice to get the refund check, it is better to not get it. If you get a refund, it means that you basically gave the government an interest free loan.
My refund showed up back in January.
i owed a grand to the feds because i never tweaked my withholding when i sold my house in march. seven months with no mortgage interest made a huge change to my taxable income. 
I got mine today! Yay!
Already got my three dollars, but I owd the state one, so two up?
AngryCorvair wrote: i owed a grand to the feds because i never tweaked my withholding when i sold my house in march. seven months with no mortgage interest made a huge change to my taxable income.
ouch!
my interest rate and taxes are low enough that it only made like $400 difference over the standard deduction. not enough to change withholding, but nice to get a bit more back..
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