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    catbones7's Avatar
    catbones7 Posts: 1, Reputation: 1
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    #1

    Jan 30, 2011, 03:44 PM
    My husband and I got $9000 from taxes last year, should we expect the same this year?
    My husband brings in all the income. We have 2 children. We purchased a car in 2010
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Jan 30, 2011, 04:18 PM

    Really can't say what the outcome will be. We don't have any connection to the IRS. You will have to have your taxes done, file, and then find out.

    Tick
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #3

    Jan 30, 2011, 04:21 PM
    Not sure but if you got $9,000 BACK, you are witholding way too much.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #4

    Jan 30, 2011, 04:31 PM
    Quote Originally Posted by ma0641 View Post
    Not sure but if you got $9,000 BACK, you are witholding way too much.
    If you say this, you can't assume and you must back it up with proper information. Where is your information coming from if you say you are not sure they got 9000 back and are wittholding way too much?

    Tick
    DoulaLC's Avatar
    DoulaLC Posts: 10,488, Reputation: 1952
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    #5

    Jan 30, 2011, 05:57 PM

    As tickle said, no one can tell you whether you will get a similar amount back. There are too many variables that could play a factor in your personal finances.

    However, as ma0641 said, that was your money that the government had instead of you last year. Do you usually get a sizable return each year? $9000 could have, no doubt, gone a long way in investing, paying towards any outstanding bills, home improvement projects, college funding, etc..

    It always sounds nice to get a big, fat return, almost like found money, but it would be far better for you to have that money working for you during the year instead.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #6

    Jan 30, 2011, 06:01 PM

    Yes, most people forget it is "their own money" they are getting back and instead of getting that 9000 spread out over each paycheck, you get it in one sum. I would agree you may want to consider your filing to pay less in, over the year
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #7

    Jan 30, 2011, 09:35 PM
    Comment on tickle's post
    It could have been a tax credit that reduced the tax.

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