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Filed on the 30th, accepted early morning on the 31st. No distribution date yet. Most people probably won't have such a quick turnaround since a lot of people are about to do it I'm sure.
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| 01-31-2013, 11:33 AM | |
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Two words, emergency fund. You should typically keep three to six months worth of living expenses tucked away. I understand what you're saying about not taking it out of the emergency fund, but that's what it is for, right? |
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Well I just got the last piece of our tax puzzle (wife's W2) and after entering it and daycare info (can't enter childcare when the spouse doesn't have a W2 and is not a FT student!), CT owes us like $30 and the fed owes us about $700. Not sure how the $700 really came about though.... will have to look into that.
BTW I only started "paying attention" to W4's and "refunds" when a few years back I wound up owing like $2500 to the fed - I filed our W4's per the instructions and got hit with a "pay me" from the fed come tax time. Since then I've taken a more active role in tweaking our W4's to minimize cash transactions at tax time. Also I've taken a much more proactive position in reducing tax liability (e.g. maxing out my 401k and putting the wife in a 403b again). |
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Be careful with some software vendors
For instance TaxAct doesn't have any programming for an Indiana tax credit of which many Indiana residents are eligible for. http://www.in.gov/dor/4761.htm I recommend using a variety of software options since you can use them for free and compare the totals. |
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Used TurboTax (also compared amounts on TaxAct) on 1/21/13.
Confirm email that Turbo Tax filed: 01/25/13 Per the IRS website: "Your tax refund is scheduled to be sent to your bank on February 1, 2013" 1 hour and 10 minutes till midnight.
Last edited by 0mega; 01-31-2013 at 07:54 PM.. |
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BF used Tax Slayer, filed on 1/25 it was accepted on 1/28 (fed) and 1/29 (state)....still in processing on IRS WMR site, but hope to get refund next week sometime.
BTW, if you check Wheres My Refund more than a couple times a day you will get the unavailable message, so calling the IRS automated WMR service is another option. RIP CHRIS HENRY!!!!!!
**Layne Staley Lives Within***No Layne----No Chains** ~~~**And Yet I Find Repeating in my head... If I can't be my own, I'd feel better Dead~~~** ALICE IN CHAINS **Great trade with skarydrunkguy*** |
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Some deductions are not that hard to estimate, other aren't. I had an FSA in 2011 and unexpectedly had to pull my kid from school, so I opted to go w/o the FSA for 2012. Of course I got hit hard because I had to fund the childcare expenses with post tax funds when we decided take her elsewhere, so I will probably get a significant chunk back from this alone.Then there are the surgeries in 2012 whose deductibles alone exceed the standard deductions (also funded post tax). Just some of a myriad of dynamics that make the determination process a little harder. I am sure I will get a better hang of this as I look into the options more especially with all the tax changes coming. BTW I also ran into the problem you list with regard to child care deductions but with wife at home going to school PT. Silly move by the IRS IMO. |
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