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Thread: Tax Refunds

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    Tax Refunds

    Cash-Strapped States Delay Paying Income-Tax Refunds - Yahoo! Finance

    All the more reason to try to plan and minimize your refund



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    Re: Tax Refunds

    I received my state refund before the federal refund.. if Iowa's behind it must be a very recent issue



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    Re: Tax Refunds

    We got a fairly small return for both state and federal, and we were happy that they were small. We're cutting our withholding for state, as it was higher than we would like to see. I don't want those clowns to have a dime more of my money than necessary.



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    Re: Tax Refunds

    I'll be paying in again which is exactly what I want. No sense in letting the gov't use my money interest free. Having the same gov't now putting off paying tax refunds only solidifies my choice.



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    Re: Tax Refunds

    I had to pay $1,000 to federal and $500 to H&R block. This was a weird year. Next year I'll get a return and do them myself.



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    Re: Tax Refunds

    So does this mean I can delay paying what I owe in state tax? I always try to make sure I get a minimal if any refund from state and have ended up paying $150-200 the past two years. If they can delay giving out refunds isn't only fair that those who owe money be able to delay payment also due to their own private budget deficiencies? I doubt it!



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    Re: Tax Refunds

    I paid the state and got a bunch back from Federal. I like it that way more so than the opposite.


    I'm on Twitter too: Tre4ISU

    Or so I have read.

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    Re: Tax Refunds

    Quote Originally Posted by clone4lyfe View Post
    So does this mean I can delay paying what I owe in state tax? I always try to make sure I get a minimal if any refund from state and have ended up paying $150-200 the past two years. If they can delay giving out refunds isn't only fair that those who owe money be able to delay payment also due to their own private budget deficiencies? I doubt it!
    Alot of states let you delay. I am pretty sure Missouri will let you go til October if you file for the extension.

    We saw this last year, I would expect to see even more states issue IOUs and pay later this year with the economic correction we are in.



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    Re: Tax Refunds

    Quote Originally Posted by CloneIce View Post
    Alot of states let you delay. I am pretty sure Missouri will let you go til October if you file for the extension.

    We saw this last year, I would expect to see even more states issue IOUs and pay later this year with the economic correction we are in.
    I was just joking. I have no problem paying my measily $200. I just know that some people out there are just as strapped if not more strapped then our governments and yet they can be assessed penalties and interest if they can't afford to pay their taxes in a certain amount of time so seeing something like this where the states are handing out IOU's may tick a few off.



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    Re: Tax Refunds

    Quote Originally Posted by yaman3 View Post
    I paid the state and got a bunch back from Federal. I like it that way more so than the opposite.
    Give me the interest free loan instead of the Feds. I can manage it much better.



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    Re: Tax Refunds

    Quote Originally Posted by dmclone View Post
    I had to pay $1,000 to federal and $500 to H&R block. This was a weird year. Next year I'll get a return and do them myself.
    Man you could of paid a perfectly good CPA firm less than $500 to do your taxes. I hate to see people pay H&R that much it makes me sick.



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    Re: Tax Refunds

    I dont get anything back this year... and I get to donate some $$$ towards feds and state of Kansas



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    Re: Tax Refunds

    If that's the case, you're better off paying state, then deducting that amount the following year on your federal.



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    Re: Tax Refunds

    I love not having a state income tax.



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    Re: Tax Refunds

    Quote Originally Posted by isufbcurt View Post
    Cash-Strapped States Delay Paying Income-Tax Refunds - Yahoo! Finance

    All the more reason to try to plan and minimize your refund
    I generally have to pay the State a little and get money back from the feds.



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