now i know this may happen to OTHER ethnicities or cultures
but im not talking abt them right now. im talking abt US.
im seeing the lil before/after taxes vines & memes & thats really cute & LOL worthy (not) because its based on some real shit.
ie people get a tax refund & a) go nuts b) think thats good
ok...i love yall. i swear i love my people like i love weed
(sidebar: i have never used or taken or in ANY way abused ANY illegal narcotic or substance ever in life, dont know shit abt it or anything else this is for internet purposes ONLY)
but PLEASE please please PLEASE stop this.
unless you got kids or pay a mortgage (for that good mortgage deduction)
you SHOULDN'T be getting a damn tax refund! That means you gave the govt a interest free loan for the whole previous year! they aint GIVING you any money! they are repaying what you gave THEM!
and instead of saving that...or investing it or in SOME way making it work for you
if you spend it on bullshit...
*shakes fist in anger & impotence @ the sky*
DONT DO THAT SHIT!
please.
recongifure your lil W2 or whatever & get your taxes straight throughout the year. the optimal goal is when its tax time...you dont owe them...they dont owe you. everybody is straight.
1. "RE: black ppl & money: tax refund edition" In response to Reply # 0
Yea its all smoke and mirrors, folk should properly configure their W2s and be dropping an extra hundred plus (minimum) in their savings account every month, but ya know.. shrug
"You used to be so cool, but now, you know you're so cold"
but i'm good. i like giving the gov't an interest free loan and getting a big chunk of change at this time of year. i use it to buy some big ticket item or go on a trip. along w/paying bills.
4. "mostly true" In response to Reply # 0 Fri Feb-06-15 09:05 AM by Jay Doz
don't forget about tax credits though. not all refunds are from improperly balanced deduction schedules.
------- "A man who is good enough to shed his blood for his country is good enough to be given a square deal afterwards. More than that no man is entitled, and less than that no man shall have." - TR
9. "this is hella low on the black financial priority list" In response to Reply # 0
the people who get the MOST from their tax return and really party off it typically aren't overpaying the people who barely notice their tax return and still over pay probably aren't sweating it as they likely know + have currently have retirement funds/investments if it's <$1000 it's not that deep and may be worth the psychological benefits
16. "I always get a refund but it's a low amount..." In response to Reply # 0
combined, I hardly break $500. This year is the first year I'm getting a larger amount and it's because my student loans were upped last year by $70 a month so now, I pay more a month. (i'm income based). The interest I paid was almost double I normally pay. I doubt I will account for that moving forward because it's such a tricky thing. not really trying to get less money throughout the year right now anyway.
22. "Just a bit of clarification folks" In response to Reply # 0 Fri Feb-06-15 10:54 AM by DaHeathenOne76
W-2 is what you get at the end of the year that details your withholding
W-4 is what you give your employer to tell HOW much to withhold
Unless you have a lock in letter from the IRS you can change your w-4 as much as you like. Your payroll person will hate you for it but its your right.
Why dont yall let a non refund getter hold a couple of dollars tho? ***************************************** huh