What Are You Doing with Your Tax Refund?

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Hopefully You’re Getting One…

I cannot wait to do my taxes. I am blessed that, growing up, my parents were tax accountants. Although April 15th equals fear for the maority of Americans, all it ever meant for me growing up was that I didn’t see my parents much for a couple of months (they worked a lot around tax time).

Now that my parents are retired, I think they are pretty *done* with doing taxes (although I think they still enjoy them). Thankfully, my brother in law is also an accountant-type, and is kind enough to take me under his protecive tax wing every year. Yep – April 15th is always an exciting time to me, simply because of the rufund!! Even growing up with 2 accountants in-house, I know NOTHING of taxes. Sure I’ve heard of W2’s and I-9’s, 1040 E-Z’s and Earned Income Credit, but who really knows what that crud means?!

I really came to appreciate my brother in law’s (and my parents’) tax knowledge a couple of weeks ago… A friend’s facebook status said he was trying to figure out his taxes and he was losing his mind. I felt bad for him, and soooooooo thankful to be able to be ignorant of how it all works.

So that brings me to this year. I bought a house in Columbia last March, so this will be my first tax-time as a home owner. My friends without houses tell me I should get ready for a HUGE refund. My friends that *do* own homes tell me it’s more, but don’t get too excited. Anyhoo… I can’t wait to get my refund back, no matter how big or small. Daddy needs a little economic stimulus!!

I’m gonna pay off my credit card FIRST (thank God – as the son of 2 accountants, that debt has been weighing heavily on my conscience). Second, if there is anything left over (come oooooooooon, BIG check I keep haring about!!), then I am *finally* going to buy the new couch I’ve been wanting for months. Got’ daaaaang I want a new couch!!

Unfortunately, it seems I will be needing a new Mac in the coming months (or days??). Mine is 3 years old and seems near death. Boo. A new Mac would be nice, but it’s not in the budget. I guess I’ll be financing that… it’s the American thing to do. You’re welcome, Steve Jobs. Get well soon.

How are YOU spending your tax refund? Or are you saving it ? Pansy. Just kidding…

Comments:

7 Comments


  1. Jen

    Got them done, and the funds have been allocated to bills :( Would rather go to the Caribbean, but not this year.


  2. Nathan

    I have nearly no Tax knowledge. So I’m having my mom do them for me though shes pretty mad at the moment. I was deployed the year of 2007 to mid 2008 so I said screw it and didn’t do taxes for 2007 since I wouldn’t be getting a refund… So now she gets to help me figure out a way to file this years tax and last years with out me paying for it. But over all I think Ill e saving my Refund. I’m about to go over seas again so there’s really no point in buying anything till I get back.


  3. Lissa

    Every year I say I’m going to go somewhere crazy with my tax refund. I’ve only done it once so far (Amsterdam…for the museums…yeah that’s it;). This year I think I’m going to take another trip. Why wait for retirment? I mean, how often do you get that much money all at once? I never count on it so why not spend it on something fantastic!! I should have enough left to put my giant dog in the kennel for a week. Bonus!!


  4. Kera

    I myself will be paying off the debt(mess) my ex husband left me with after my divorce. Then start saving for when ex doesnt pay his child support. Maybe next year I will be able to save for a vacation for me and my three children.


  5. Stephanie

    Bills and more bills!!! Woohoo!!! Money comes and money goes!!!


  6. lynda

    Umm, JC you might want to invest a little of that refund for therapy for you newest dog. There are some issues that needs to be addressed! :)

    I will be using the majority of our refund paying for the 55 inch tv that we (not really me) just had to have. But I would really like to spend it on a laptop.


  7. Cooper

    I’m building another stadium like this one :) http://y107.com/?p=794