• Mustang Forums
  • 1979 - 1995 (Fox, SN95.0, & 2.3L) -General/Talk-

2007 taxes

  • Thread starter Thread starter BlackVert
  • Start date Start date Mar 21, 2008
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BlackVert

15 Year Member
Oct 3, 2003
5,589
9
98
Bethesda, MD
Mar 21, 2008
#1
  • Mar 21, 2008
  • #1
Who is getting a refund, and what are you doing with it?
 

BlownFiveLiter

have car, will race....wait, it doesn't run
15 Year Member
Nov 29, 1999
3,133
18
108
Chicagoland
Mar 21, 2008
#2
  • Mar 21, 2008
  • #2
Did anyone not get their refund yet? I had my refund on February 5th and used it to get ahead on some bills.
 

5spd GT

"the 5.0 owns all"
Founding Member
Aug 7, 2002
9,516
6
99
Arkansas
Mar 21, 2008
#3
  • Mar 21, 2008
  • #3
I am, I am getting about 300% more than I thought.

I haven't decided what I am going to do with it.

Save some, spend some, and blow some of it...
 

stprorolla49

Active Member
Oct 9, 2004
1,455
15
39
Fairfield, CT/North Jersey
Mar 21, 2008
#4
  • Mar 21, 2008
  • #4
Dammit, I need to get mine soo badly!
 

ProKiller

Founding Member
Apr 26, 2002
3,064
15
78
PA
Mar 21, 2008
#5
  • Mar 21, 2008
  • #5
i owed $22.12....so nothing
 

Killercanary

The car that set the bar.
Founding Member
Nov 29, 1999
5,676
1
76
Altoona, PA
Mar 21, 2008
#6
  • Mar 21, 2008
  • #6
I'm getting a refund, but it was almost $2K less than last year! I wasn't happy to say the least, and my fed. taxes doubled this year. Damn uncle sam is a greedy bastard! We put our refund into our savings account every year, so that's where this one will be going too. I may spend some of it to replace a few windows in our home though.
 

Venom351R

Founding Member
Apr 27, 2002
4,548
40
98
MAINE
Mar 21, 2008
#7
  • Mar 21, 2008
  • #7
I got mine back awhile ago, some of it went to mods, some of its in the bank
 

Grn92LX

Fidanza Man!
Founding Member
Jan 14, 2001
6,819
64
129
New York
Mar 21, 2008
#8
  • Mar 21, 2008
  • #8
All $1,000 i'm getting back is going in my savings.
 

95strokerPSU

Member
Jul 29, 2004
986
1
19
Sacramento from Philly
Mar 21, 2008
#9
  • Mar 21, 2008
  • #9
I'm getting $63, so I'll go get a tank of 93 and a sandwich with what's left over.
 

BlackVert

15 Year Member
Oct 3, 2003
5,589
9
98
Bethesda, MD
Mar 21, 2008
#10
  • Mar 21, 2008
  • #10
turbotax says i will get about $3300 federal and about $1200 state

it will most likely go towards trying to keep my financial titanic afloat

college expenses for 2 kids are looming.

and i am going to have to pay 2 years of nursing home expenses for my wife's parents in order to keep the beach house they gave us last year (damn 5 year medicaid look back rule!). that is probably going to run about $200,000. i have no idea how i am going to swing that ... we are thinking about taking a second loan out which would suck, or sell our home and buy one that costs about $250K less than whatever we get for our home. my wife does not at all want to sell the beach house.
 
I

inphiniti

Active Member
Mar 15, 2003
412
3
28
Providence, RI
Mar 21, 2008
#11
  • Mar 21, 2008
  • #11
i already got my fed, just waitin on state. i maybe about $1500, all of which is gone... spent on bills and caster camber plates, thats about it. but im all caught up now
 
I

iwashmycar

20+ Year Stangneter
Apr 7, 2004
1,236
1
39
Columbus, Ohio
Mar 21, 2008
#12
  • Mar 21, 2008
  • #12
food/gas/ect. living off of it in grad school
 

Black95GTS

Active Member
Jan 8, 2004
1,644
3
38
Marlborough, MA
Mar 21, 2008
#13
  • Mar 21, 2008
  • #13
My federal went straight into the engagement ring fund (1800) and my state went towards wheel bearings in my F150 (450).

Adam
 

1TallMF

New Member
Apr 17, 2006
955
1
0
Montreal
Mar 21, 2008
#14
  • Mar 21, 2008
  • #14
Should be getting-back $3000 or so, but I'll be getting it before the end of the month. I'll probably use it all to pay-off some bills and pay-back a friend who lended me $640 to get started after I moved this winter.

Then its time to start thinking of a few mustang mods
 

StadEMS3

20+ Year Stangneter
Jun 19, 2003
228
43
49
Mechanicsville, MD
Mar 21, 2008
#15
  • Mar 21, 2008
  • #15
I got $3400 Fed & $100 state, I bought new wheels and tires, check thread on "Wheel dealer advice". Be nice if I could use them. Put the rest on paying off credit card.
 

earleys94gt

Active Member
Aug 31, 2003
1,223
16
49
Ashley, Ohio
Mar 21, 2008
#16
  • Mar 21, 2008
  • #16
I got $700 total and all went in the bank.

Going to need just a bit more to re-ring my motor, or get a new one, if I keep the car
 

blksn955.o

Founding Member
Mar 15, 2002
3,263
0
66
st.louis mo 314
Mar 21, 2008
#17
  • Mar 21, 2008
  • #17
2200 fed and owe 178 to state. Might spend 3-400 of it, rest is going into the bank.

We plan to save our return the next few (3 or so) years along with a seperate saving account for the downpay of our next home. Figure it will be about 5-7% worth alone for the price range we will be looking at. We want to put any money we make off our "starter" home into a mutual fund.

Oh, yeah....1200 stim. check on top of that. We are going to take some of it and replace our 15yr old TV. We were going to buy one last month but were going to finance 2-300 now we will prob just buy it outright.
 

autumn_again

New Member
Oct 2, 2007
356
0
0
Hamilton, NJ
Mar 21, 2008
#18
  • Mar 21, 2008
  • #18
i'd like to put it into the mustang, but i dont know whats going on since

my checks are all going into - food, bills, gas tank.
my power steering is going, not sure if its the pump or the rack.
my fuel pump is on its way out also, can't even hear my exhaust over it.
i burn so much oil i put oil in my car more often then gas.
car idles like its got a slight miss.
i'm just not happy with it performance wise.
body is shot, paint is worse then my $350 thunderbird.


made a list of how i would build the car if i had the money, building things not exactly the way i want them, the way i thought i could afford them, not including any machine work, or anything else that breaks, and a couple things i left out when i made the list, and it came to the point i was thinking for the price i could sell the car for, i could use the money and buy a really nice car, that will have enough power for me to screw around with for now, and do little things to it to pep it up.

i'm eligible for a credit card next month, i'm thinking of making myself extremely broke, with a fast car
 
W

wytstang

Mustang Master
Mar 14, 2004
4,988
4
78
Summerville,SC missing South Fl. weather :(
Mar 22, 2008
#19
  • Mar 22, 2008
  • #19
The lil bit thats left over is going to my "I need a new tranny and a stocker is not going back in" fund.
 

chaos254

Founding Member
Jul 27, 2002
467
3
29
NJ
Mar 22, 2008
#20
  • Mar 22, 2008
  • #20
all of my return is going towards the purchase of my new daily driver!
 
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