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Mindless Jibber-Jabber



This is a blog about my life, however boring it may be. LOL I will talk about family, friends, homemaking, decluttering, organizing, crafts, sewing, cooking and might even offer some of my own recipes, and tutorials for things I make. Stay tuned, this blog is always a'changin'.

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Sunday, February 24, 2008
Tax Return: What to do with it??

For several years I have hired a friend of mine to do my taxes.  I don't know the first thing about them, and it helped us both out.   This year I knew taxes would be difficult so I of course asked for her help again.  (She works for a CPA and is trained to do this) 

Since my mom and dad's death, we have recieved money from the estate sale, the sale of the house, and some other money coming in from some commmissions my father earned, social security,etc.  We were told when this started to save some money because we might end up paying taxes this year instead of getting a refund.  (OUCH HUH???? I have never had to pay in, so this panicked me a little)

Kathleen, our tax lady called though and told me we are getting money back this year even with all the difficulties and all.  So with the money, Matthew and I will be able to get my car fixed (it needs alighned and a few other simple things done), get the plumbing in the basement fixed (an old cast iron pipe broke, we will have to replace it with updated pipe), the pipes in the upstairs bathroom cleaned out (old pipes, what can I say?? LOL), and possibly a few other things on the house updated and taken care of, such as a new storm door on the front of the house, some paint, etc.  It is only $700.00 and won't go very far, but we are so thankful for any amount rather than paying in!!!

So what are some of the rest of you talking about doing with your small, medium, or large tax return???

 

God's Blessings,

Amy Jo

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Comments

Sunday, February 24, 2008 - Tax refunds

Posted by seventhheaven
Right now we always look forward to our tax refund. We used to splurge with this but last few years we have been trying to be better stewards. We always buy our school curriuculum with it and pay our car insurance for the year. This is always one expense that would sneak up on us so this helps. We are also going to have car repairs. What fun !!!! Hopefully there will be enough for a little splurge too . lol
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Monday, February 25, 2008 - Untitled Comment

Posted by gokings13
You could open a high interest 3, 6, or 9 month C/D.
You could invest in an IRA or 529 for college.
You could pay off debt.
You could hide it inbetween your mattereses.

I am really looking forward to the extra 1500.00 I will be getting back this summer (the tax rebate Bush signed) !!

Paying off debt stinks!!

laura
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Tuesday, February 26, 2008 - tax refund

Posted by messyjo
We are putting it in our IRA's, have to save every penny we can so one day my husband can retire, he is self employed so doesn't have any type of retirement...
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Monday, March 3, 2008 - Untitled Comment

Posted by christianmommaali
I am just now catching up- sorry! lol Havent had much computer time, other than to write blogs.

We didn't get a lrage amount back, and unfortunately we have been spoiled in the past with anywhere from $8,000 - 10,000 returns! This year we were blessed to see 2,000. Which is amazing, but we owe my grandparents $1500 which they helped with the down payment for our house. SO, long story short, we saved the rest. It's so nice to have money in the bank!!!! =] Ahh. I know the feeling. $500 left over is GLORIOUS! God is sooooo good!
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