Community Chat

[151949]

@Nightowlz  Every year , without fail, on this board  there will be a certain amount of people who get upset that others get a refund and they don't. They really do not seem to understand that in order to get a refund you must over pay in the first place.Doesn't the very word REFUND tell them this? It used to blow my mind that people didn't know this - now I just SMH.

[Laura14]

@Nightowlz  I am sorry.  

@makena  Had to be the HSA form.  It's the only other form I have other than the standard 1040.  

[Laura14]

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@novamc1wrote:

@Laura14

WARNING ABOUT EXCESS REFUNDS!!

Beware of the latest  tax refund scam that I just read about this morning in the  Atlanta metro newspaper.  IRS supposedly has issued a warning about it and said thousands have been duped already.

Crooks get your bank account info and refund amounts (sometimes from tax preparers who must be part of the scam) and then arrange for too much of a refund to be deposited in your bank account.

Then you get contacted by crooks claiming to be from the IRS, demanding the excess refund back...........and people are falling for this, because they don't want to mess with the IRS.

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@novamc1  Thank you.  I e-filed directly with the IRS, no third party because I don't want to pay the fee, so this is the actual IRS checking and refunding unless they have a rogue employee.  

[QVCkitty1]

I never got a refund till I retired. Now I look forward to some extra money, because April is an expensive month for the Indoor Kitty. LOL

[viva923]

this year we got a small refund from both, usually pay the feds and get back from state, this year we got a small amount back from both so that was pleasent for a change.

[dex]

@Laura14 Good to have a little money on stand by for any bumps in the road.I know it is hard to save when you aren't used to having much but the key is to save.Try to purchase only what you can pay for and you will be in a sense making money...no interest charges.My DH and I only purchased what we could pay cash for but it really was how most everyone did it back then....no credit cards to pay off.We didn't have good paying jobs but we managed to get ahead.We built our own house which was a huge two year project and managed to pay for most of the materials as we neeeded them.We scrounged around for deals on everything and even bought some things that were used..e.g. Light fixtures.We owned that house outright when we were in our early twenties.We didn't get any financial help from anyone as both of our families weren't well off.

[Laura14]

@dex  I am really good with my money.  Never paid an interest rate in my life except for a car and even those three that I have had and run into the ground got paid off early.  I am the same as you.  If I can't pay the credit card off every month, it stays in the store.  Great advice!

[dex]

@Laura14 Yes to you!.I hope that one day you will be able to purchase all of the things you dream about.I think you will definitely make it because you are working hard to get there.

[Laura14]

@dex

[SXMGirl]

@Laura14, good for you.  It is so rare to hear a good story regarding the IRS.  We always pay, but our accountant just told us that we probably can expect a refund next year due to the new tax code.  Keeping my fingers crossed and hope that helps!