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View Diary: The astroturf campaign designed to keep filing your taxes a hassle (217 comments)

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  •  I did all right (7+ / 0-)

    I bought my first house in September and was able to itemize for the first time. I could only deduct a few months of mortgage interest and had to pro-rate the real estate property taxes for the time I was living in the house, which seems fair. I am eagerly awaiting the 2015 tax season when I get to deduct a full years worth of everything!

    I've always gotten a refund since I've started working, I intentionally have 1 less withholding than required on my W4 to ensure that. I know, interest free loan to the gov and all that, but I like getting the big check once a year. If I adjusted my W4 to the correct number and got an extra $50 a paycheck or whatever, I know I wouldn't save it and would blow it on small things I don't really need. This way, I get one big refund and blow it on a big thing I don't really need ;)

    "How come when it’s us, it’s an abortion, and when it’s a chicken, it’s an omelette?" - George Carlin

    by yg17 on Mon Apr 14, 2014 at 04:48:55 PM PDT

    [ Parent ]

    •  Agree, it's so hard to find the discipline to save (1+ / 0-)
      Recommended by:
      Senor Unoball

      and the little piddling amount of interest I would get for a traditional savings account is not at all worth giving up the automatic out-of-sight-out-of-mind savings plan that comes with a fat IRS return.

      "The extinction of the human race will come from its inability to EMOTIONALLY comprehend the exponential function." -- Edward Teller

      by lgmcp on Mon Apr 14, 2014 at 05:11:20 PM PDT

      [ Parent ]

    •  Hey, right now while (2+ / 0-)
      Recommended by:
      Senor Unoball, Be Skeptical

      interest rates are low.....

      you might earn $10 on $10,000 in a year.

      Not worth it under current rates so no loss on your part.

      -6.13 -4.4 Where are you? Take the Test!!!

      by MarciaJ720 on Tue Apr 15, 2014 at 08:41:34 AM PDT

      [ Parent ]

      •  The "loss" is in not saving. (0+ / 0-)

        eom

        •  That is true, but I have a pretty well funded 401k (0+ / 0-)

          that I contribute to each pay period (and my employer matches some) and also transfer some of every paycheck to a savings account for short term saving, so I treat my tax return as money that I can blow on whatever I want. My tax refund is paying for a trip to Munich for Oktoberfest this year, might as well get that out of the way while I'm young, single, childless and have a fully functioning liver ;)

          "How come when it’s us, it’s an abortion, and when it’s a chicken, it’s an omelette?" - George Carlin

          by yg17 on Tue Apr 15, 2014 at 10:44:33 AM PDT

          [ Parent ]

    •  You could set up an automatic transfer of money to (0+ / 0-)

      a Roth IRA or other retirement account with a very low cost firm like Vanguard. Or many banks can set up monthly purchases of I-bonds. There are many options.

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